Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 723

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 723
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ings totaling $142,000;

    ●
    upon vesting of 88,000 RSUs granted in January 2020 to Mark L. Baum,
    the Company’s Chief Executive Officer, the Company issued 52,821 shares of common stock to Mr. Baum, net of 35,179 shares of
    common stock withheld for payroll tax withholdings totaling $519,000; and

    ●
    43,023 shares of the Company’s common stock underlying RSUs issued
    to directors vested, but the issuance and delivery of these shares were deferred until the applicable director ceased providing services
    to the Company.

Stock Option
Plan

On September 17, 2007, the Company’s Board
of Directors and stockholders adopted the Company’s 2007 Incentive Stock and Awards Plan, as subsequently amended (the “2007
Plan:). The 2007 Plan reached its term in September 2017, and the Company can no longer issue additional awards under this plan, 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