Company: HROW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022980
Chunk: 41

Company: HARROW, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 41
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ing 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 six months ended June 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 
     76,455  
     30.53 
  
    RSUs vested 
     (67,528) 
     16.47 
  
    RSUs cancelled/forfeited 
     (20,000) 
     17.97 
  
    RSUs unvested – June 30, 2025 
     342,039  
    $25.07 

As
of June 30, 2025, the total unrecognized compensation expense related to unvested RSUs was approximately $7,322,000, which is expected
to be recognized over a weighted-average period of 1.64 years, based on estimated and actual vesting schedules of the applicable RSUs.
The stock-based compensation for RSUs during the three and six months ended June 30, 2025 was $689,000 and $1,408,000, respectively,
and was $502,000 and $907,000 during the same periods in 2024, respectively.

    23

Performance
Stock Units

A
summary of the Company’s PSU activity and related information for the six months ended June 30, 2025 is as follows:

SCHEDULE
OF PERFORMANCE STOCK UNITS ACTIVITY

    Number of Shares  
    Weighted Average Grant Date Fair Value 
  
    PSUs unvested – January 1, 2025 
     1,567,913  
    $18.56 
  
    PSUs granted 
     -  

    PSUs vested 
     (1,567,913) 
     18.56 
  
    PSUs cancelled/forfeited 
     -  

    PSUs unvested –