Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 42

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 42
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, the Company granted an aggregate of 1,295,250 performance stock units to Mark L. Baum, Chief Executive Officer, and Andrew
R. Boll, President and Chief Financial Officer, which are subject to the satisfaction of certain market-based and continued service conditions
(the “2025 PSUs”). The vesting of the 2025 PSUs require (i) a minimum of a three-year service period, and (ii) during a five-year
term, the achievement and maintenance of Company common stock price targets ranging between $50 to $100 per share, broken out into four
separate tranches as described further in the table below.

SCHEDULE
OF PERFORMANCE STOCK UNITS 

    Tranche 
    Target Stock
 Price  
    Number of
 Shares 
  
    Tranche 1 
    $50  
     181,335 
  
    Tranche 2 
    $60  
     272,003 
  
    Tranche 3 
    $75  
     375,623 
  
    Tranche 4 
    $100  
     466,289 

    *
    Target
    Stock Price assumes that no dividends or like distributions are made to stockholders of the Company. If such distributions are made,
    the Target Stock Price would decrease accordingly, to the benefit of the employee, to account for the dividend/distribution as a
    part of the Target Stock Price. 

The
aggregate fair value of the 2025 PSUs was $32,465,000
using a Monte Carlo Simulation with a five 5-year
life, 72%
volatility and a risk-free interest rate of 3.8%.
This amount is being amortized over a three3-year
derived service period.

A
summary of the Company’s PSU activity and related information for the nine months ended September 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 
     1,295,250  
     25.06 
  
    PSUs vested 
     (1,567,913) 
     18.56 
  
    PSUs cancelled/forfeited 
     -