Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 33

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 33
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 Price  
    Weighted Average Remaining Contractual Life  
    Aggregate Intrinsic Value 
  
    Options outstanding – January 1, 2025 
     2,469,099  
    $6.49  

    Options granted 
     30,000  
    $35.96  

    Options exercised 
     (2,743) 
    $8.44  

    Options cancelled/forfeited 
     (32,205) 
    $11.19  

    Options outstanding – March 31, 2025 
     2,464,151  
    $6.78  
     2.97  
    $49,489,000 
  
    Options exercisable 
     2,243,882  
    $5.56  
     2.41  
    $47,202,000 
  
    Options vested and expected to vest 
     2,436,256  
    $6.61  
     2.90  
    $49,250,000 

The aggregate intrinsic value in the table above
represents the total pre-tax amount of the proceeds, net of exercise price, which would have been received by option holders if all option
holders had exercised and immediately sold all shares underlying options with an exercise price lower than the market price on March 31,
2025, based on the closing price of the Company’s common stock of $26.60 on that date.

During the three months ended March 31, 2025,
the Company granted stock options to certain employees. The stock options were granted with an exercise price equal to the current market
price of the Company’s common stock, as reported by the securities exchange on which the common stock was then listed, at the grant
date and have contractual terms of ten years. Vesting terms for options granted to employees during the three months ended March 31, 2025
included the following vesting schedule: 25% of the shares subject to the option vest and become exercisable on the first anniversary
of the grant date and the remaining 75% of the shares subject to the option vest and become exercisable quarterly in equal installments
thereafter over three years. Certain option awards provide for accelerated vesting if there is a change in control (as defined in the
Plans) and in the event of certain modifications to the option award agreement.

The fair value of each option award is