Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 32

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 32
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ases providing services to the Company.

During the three months ended March 31, 2025,
4,333 shares of the Company’s common stock underlying RSUs issued to consultants vested, but the issuance and delivery of these
shares has not occurred.

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, which was subsequently amended on November
5, 2008, February 26, 2012, July 18, 2012, May 2, 2013 and September 27, 2013 (as amended, the “2007 Plan”). The 2007 Plan
reached its term in September 2017, and we 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 March 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 70,642 shares
available for future issuances under the 2017 Plan at March 31, 2025.

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Stock Options

A summary of stock option activity under the Plans for the three months
ended March 31, 2025 is as follows:

 SCHEDULE OF STOCK OPTION PLAN ACTIVITY

    Number of Shares  
    Weighted Average Exercise