Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 4, 2021, the Board of Directors (the "Board") of Arcimoto, Inc. (the "Company") appointed Galileo Russell as a director, to hold office until the Company's 2021 annual meeting of shareholders or until his successor is duly elected and qualified.

Mr. Russell is a technology investor known for his early and vocal support of Tesla, and he also is an investor in SpaceX and numerous early stage startups. Mr. Russell is the CEO of HyperChange, a startup financial media company he founded in 2017 which currently has more than 130,000 YouTube subscribers. In 2019, he co-founded the software-as-a-service financial visualization platform HyperCharts and, in 2020, he also founded, and is the Chief Executive Officer of the venture capital firm HyperGuap. Prior to these roles Mr. Russell oversaw farm partnerships for Local Bushel. He is a graduate of New York University Stern School of Business with a B.S. in Finance.

There are no arrangements or understandings between Mr. Russell and any other person pursuant to which Mr. Russell was appointed as a director of the Board and there are no related party transactions between Mr. Russell and the Company.





Item 9.01. Exhibits.

Item 9.01. Financial Statements and Exhibits.





 (d) Exhibits




99.1   Press Release Dated January 8, 2021




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