Company: HROW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001641172-25-006102
Chunk: 14

Company: HARROW, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 14
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 a stock dividend, reorganization, recapitalization or other change in the Company’s capital structure), our Compensation Committee will make appropriate adjustments to the maximum number of shares that may be delivered under the 2025 Plan, and will also make appropriate adjustments to the number and kind of shares of stock or securities subject to awards, the exercise prices of such awards or any other terms of awards affected by such change. Our Compensation Committee may also make the types of adjustments described above to take into account distributions to stockholders and events other than those listed above if it determines that such adjustments are appropriate to avoid distortion in the operation of the plan.

Amendment and Termination.The Board may amend, suspend or terminate the 2025 Plan, and the Compensation Committee may amend the terms of an award, except that no amendment may be made that would impair the rights of any participant under an existing award without the participant’s consent. Notwithstanding the foregoing, stockholder approval will be required for any amendment to increase the number of shares that may be issued under the 2025 Plan, modify the class of employees eligible for awards, amend an outstanding option to reduce the exercise price thereof, cancel an outstanding option for the purpose of repricing the option, or cancel or accept the surrender of an option in exchange for an option with a lower exercise price.

Federal Income Tax Consequences Under 2025 Plan

The following is a summary of some of the material federal income tax consequences associated with the grant and exercise of awards under the 2025 Plan under current federal tax laws and certain other tax considerations associated with awards under the 2025 Plan. The summary does not address tax rates or non-U.S., state or local tax consequences, nor does it address employment-tax or other federal tax consequences except as noted.

| Harrow, Inc. 2025 Proxy Statement | 8 |

Restricted Stock.A participant who is awarded or purchases shares subject to a substantial risk of forfeiture generally does not have income until the risk of forfeiture lapses. When the risk of forfeiture lapses, the participant has ordinary income equal to the excess of the fair market value of the shares at that time over the purchase price, if any, and a corresponding deduction is generally available to the Company. However, a participant may make an election under Section 83(b) of the Code to be taxed on restricted stock when it is acquired rather than later, when the substantial risk of forfeiture lapses. An 83(b) election must be made not later than thirty (30) days after the transfer of