Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1955

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 11
Chunk 1955
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000 and $782,000 during the years ended December 31, 2024 and 2023, respectively.

Performance Stock Units

Grants During the Year Ended December 31, 2023

In April 2023, the Company
granted an aggregate of 1,567,913 PSUs to members of its senior management including Mark Baum, Chief Executive Officer, Andrew
Boll, Chief Financial Officer, and John Saharek, Chief Commercial Officer, which are subject to the satisfaction of certain market-based
and continued service conditions (the “2023 PSUs”). The vesting of the 2023 PSUs require (i) a minimum of a two-year service
period and (ii) during a five-year term, the achievement and maintenance of Company common stock price targets for ten consecutive trading
days ranging between $25.00 to $50.00 per share, separated into four separate tranches as described further in the table below.

    F-37

SCHEDULE
OF PERFORMANCE STOCK UNITS

    Tranche 
    Number of Shares  
    Target Share Price* 
  
    Tranche 1 
     223,988  
    $25.00 
  
    Tranche 2 
     335,981  
    $35.00 
  
    Tranche 3 
     447,975  
    $45.00 
  
    Tranche 4 
     559,969  
    $50.00 

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

The aggregate fair value of the 2023 PSUs was $29,106,000
using a Monte Carlo Simulation with a five-year life, 65% volatility and a risk-free interest rate of 10.34%. This amount is being amortized
over a two-year derived service period.

A summary of the Company’s PSU activity and
related information for the year ended December 31, 2024 is as follows:

 SCHEDULE OF PERFORMANCE STOCK UNITS ACTIVITY

    Number of PSUs  
    Weighted Average Grant Date Fair Value 
  
    PSUs unvested – January 1, 2024 
     1,567,