Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1074

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 1074
---
 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;

    F-34

    ●
    the Company issued 168,963 shares of its common stock underlying RSUs
    held by directors that ceased providing services to the Company. The RSUs had previously vested, including 21,620 RSUs during the
    year ended December 31, 2023, but the issuance and delivery of the shares were deferred until the director ceased providing services
    to the Company;

    ●
    the Company issued 65,148 shares of common stock and received proceeds
    of $379,000 upon the exercise of options to purchase 65,148 shares of common stock with exercise prices ranging from $1.70 to $8.50
    per share;

    ●
    the Company issued 62,367 shares of common stock to Mark L. Baum, the
    Company’s Chief Executive Officer, upon the cashless exercise of options to purchase 180,000 shares at an exercise price of
    $8.99 per share. The Company withheld from Mr. Baum 77,167 shares as consideration for the cashless exercise and an additional 40,466
    shares for payroll tax obligations totaling $849,000;

    ●
    the Company issued 55,558 shares of common stock to Andrew R. Boll,
    the Company’s Chief Financial Officer, upon the cashless exercise of options to purchase 90,000 shares at an exercise price
    of $6.00 per share. The Company withheld from Mr. Boll 25,521 shares as consideration for the cashless exercise and an additional
    8,921 shares for payroll tax obligations totaling $189,000; 

    ●
    the Company issued 10,222 shares of common stock to John Saharek, the
    Company’s Chief Commercial Officer, upon the cashless exercise of options to purchase 20,000 shares at an exercise price