Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 958

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 958
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 however,
options previously issued under the 2007 Plan will remain outstanding until they are exercised, reach their maturity or are otherwise
cancelled/forfeited. On June 13, 2017, the Company’s Board of Directors and stockholders adopted the Company’s 2017 Incentive
Stock and Awards Plan which was subsequently amended on June 3, 2021 (as amended, the “2017 Plan” together with the 2007
Plan, the “Plans”). As of December 31, 2024, the 2017 Plan provides for the issuance of a maximum of 6,000,000 shares
of the Company’s common stock. The purpose of the Plans are to attract and retain directors, officers, consultants, advisors and
employees whose services are considered valuable, to encourage a sense of proprietorship and to stimulate an active interest of such
persons in the Company’s development and financial success. Under the Plans, the Company is authorized to issue incentive stock
options intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended, non-qualified stock options, restricted
stock units and restricted stock. The Plans are administered by the Compensation Committee of the Company’s Board of Directors.
The Company had 38,968 shares available for future issuances under the 2017 Plan at December 31, 2024.

    F-35

Stock Options

A summary of stock option activity under the Plan
for the year ended December 31, 2024 is as follows:

 SCHEDULE OF STOCK OPTION PLAN ACTIVITY

    Number of shares  
    Weighted Avg. Exercise Price  
    Weighted Avg. Remaining Contractual Life  
    Aggregate Intrinsic Value 
  
    Options outstanding – January 1, 2024 
     2,711,317  
    $6.25  

    Options granted 
     152,500  
    $17.36  

    Options exercised 
     (281,812) 
    $7.23  

    Options cancelled/forfeited 
     (113,406) 
    $13.51  

    Options outstanding – December 31, 2024 
     2,469,099  
    $6.49  
     3.19  
    $67,035,000 
  
    Options exercisable 
     2,226,858  
    $5.52