Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 44

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 44
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 2025 and 2024, respectively.

NOTE 15. SUBSEQUENT EVENTS

The Company has performed an evaluation of events
occurring subsequent to March 31, 2025 through the filing date of this Quarterly Report on Form 10-Q. Based on its evaluation, no events
other than those described below need to be disclosed.

In April 2025, the Company issued 9,670 shares
of its common stock underlying RSUs held by employees of the Company, net of an aggregate of 2,830
shares of the Company’s common stock were withheld from issuance by the Company for payroll tax obligations totaling $65,000.

In May 2025, the Company issued 14,382 shares
of its common stock underlying RSUs held by consultants of the Company.

Settlement of Performance Stock Units

In April 2025, the Company settled 1,567,913 outstanding
PSUs as a result of the achievement of the total stock price targets (“TSP”) set forth in equity incentive awards (the “PSU
Agreements”) previously issued to members of the Company’s management team in 2023 (the “2023 Awards”). The 2023
Awards were separated into four tranches and required that the Company achieve and maintain certain  TSPs ranging from $25
to $50 per share during the five-year period following the grant date and a two-year minimum service period. In connection with the
settlement of the 2023 Awards, an aggregate of 1,021,330 shares of the Company’s common stock were issued and an aggregate of 546,583 shares
of the Company’s common stock were withheld from issuance  for payroll tax obligations totaling $12,621,000.

 25 

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited
condensed consolidated financial statements and the related notes thereto contained in Part I, Item 1 of this Quarterly Report on Form
10-Q (this “Quarterly Report”). Our condensed consolidated financial statements have been prepared and, unless otherwise stated,
the information derived therefrom as presented in this discussion and analysis is presented, in accordance with accounting principles
generally accepted in the United States of America (“GAAP”).

The
information contained in this Quarterly Report is not a complete description of our