Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1199

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 1199
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 year ended December 31, 2024, the Company’s
non-employee members of the Board of Directors were granted 43,961 time-based vesting RSUs with a fair market value of $790,000, which vest
in equal quarterly installments over one year. The Company also granted 283,870 time-based vesting RSUs with a fair market value of $7,286,000
to certain employees and consultants. Vesting terms for RSUs granted to employees and consultants during the year ended December 31,
2024 generally vest in equal installments over three or four years and vest in equal quarterly installments over one year.

Grants During the Year Ended December 31, 2023

During the year ended December 31, 2023, the Company’s
non-employee members of the Board of Directors were granted 41,301 time-based vesting RSUs with a fair market value of $800,000, which vest in equal quarterly
installments over one year. The Company also granted 86,873 time-based vesting RSUs with a fair market value of $697,000 to certain employees,
which vest in full on the third anniversary of the grant date.

A summary of the Company’s RSU activity and
related information for the year ended December 31, 2024 is as follows:

 SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

    Number of RSUs  
    Weighted Average Grant Date Fair Value 
  
    RSUs unvested – January 1, 2024 
     363,029  
    $9.23 
  
    RSUs granted 
     327,831  
    $24.64 
  
    RSUs vested 
     (327,998) 
    $10.22 
  
    RSUs cancelled/forfeited 
     (9,750) 
    $11.64 
  
    RSUs unvested at December 31, 2024 
     353,112  
    $22.55 

A summary of the Company’s RSU activity and
related information for the year ended December 31, 2023 is as follows:

    Number of RSUs  
    Weighted Average Grant Date Fair Value 
  
    RSUs unvested – January 1, 2023 
     493,806  
    $7.99 
  
    RSUs granted 
     128