Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 41

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 41
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 Plans. That expense is expected to be recognized over the weighted-average remaining vesting period of 3.31 years.
The stock-based compensation for all stock options was $281,000 and $666,000 during the three and nine months ended September 30, 2025,
respectively, and $160,000 and $416,000 during the same periods in 2024, respectively.

The
intrinsic value of options exercised during the nine months ended September 30, 2025 was $18,232,000.

Restricted
Stock Units

RSU
awards are granted subject to certain vesting requirements and other restrictions, including time-based performance and market-based
vesting criteria. The grant date fair value of the RSUs, which has been determined based upon the market value of the Company’s
common stock on the grant date, is expensed over the vesting period of the RSUs.

A
summary of the Company’s RSU activity and related information for the nine months ended September 30, 2025 is as follows:

SCHEDULE
OF RESTRICTED STOCK UNITS ACTIVITY

    Number of
 Shares  
    Weighted
 Average
                                                                                Grant Date
                                                                                Fair Value 
  
    RSUs unvested - January 1, 2025 
     353,112  
    $22.55 
  
    RSUs granted 
     126,544  
     31.45 
  
    RSUs vested 
     (91,861) 
     21.13 
  
    RSUs cancelled/forfeited 
     (132,500) 
     19.72 
  
    RSUs unvested – September 30, 2025 
     255,295  
    $28.94 

As
of September 30, 2025, the total unrecognized compensation expense related to unvested RSUs was approximately $6,431,000, which is expected
to be recognized over a weighted-average period of 1.56 years, based on estimated and actual vesting schedules of the applicable RSUs.
The stock-based compensation for RSUs during the three and nine months ended September 30, 2025 was $284,000 and $1,692,000, respectively,
and was $587,000 and $1,494,000 during the same periods in 2024, respectively.

    23

Performance
Stock Units

In
July 2025