Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 721

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 721
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 Company issued 57,517 shares of its common stock underlying RSUs held by a director
                                            that ceased providing services to the Company. The RSUs had previously vested, including 3,872 RSUs
                                            that vested during the year ended December 31, 2024, but the issuance and delivery of the
                                            shares were deferred until the director ceased providing services to the Company.

·41,126 shares
                                            of the Company’s common stock underlying RSUs issued to directors vested, but the issuance
                                            and delivery of these shares are deferred until the applicable directors cease providing
                                            services to the Company.

·8,000 shares
                                            of the Company’s common stock underlying RSUs issued to consultants vested, but the
                                            issuance and delivery of these shares has not occurred.

Issuances During the Year Ended December 31, 2023

During the year ended December 31, 2023:

    ●
    the Company closed a public offering of shares of its common stock
    at an offering price of $17.75 per share (the “Offering”). The Company sold 3,887,324 shares of its common
    stock in the Offering, resulting in the Company receiving aggregate net proceeds of $64,520,000, after deducting underwriting discounts
    and commissions and other offering expenses of $4,480,000;

    ●
    the Company settled 1,567,913 outstanding PSUs as a result
    of the achievement of the total stockholder returns (“TSR”) targets set forth in equity incentive awards (the “PSU
    Agreements”) previously issued to members of the Company’s management team in 2021 (the “2021 Awards”). The
    2021 Awards were separated into four tranches and required that the Company achieve and maintain certain levels of TSR ranging from 50% to 175% per
    share during the five-year period following the grant date. TSR was based on the aggregate of: (i) the percent increase of the closing
    price of the Company’s common stock from July 22, 2021; and (ii) any dividends or like stockholder distributions as specified
    in the PSU Agreements. In connection with the settlement of the 2021 Awards, an aggregate of 616,984 shares of the Company’s
    common stock was withheld by Harrow for payroll tax obligations totaling $11,273,000