Company: HROW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022980
Chunk: 37

Company: HARROW, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 37
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8,667 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 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 stockholders adopted the Company’s 2017 Incentive Stock and Awards Plan which was subsequently
amended on June 3, 2021 (as amended, the “2017 Plan”). On June 18, 2025, the Company’s stockholders adopted the Company’s
2025 Incentive Stock and Awards Plan (the “2025 Plan” together with the 2007 Plan and 2017 Plan, the “Plans”).
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, restricted stock and performance
awards. The Plans are administered by the Compensation Committee of the Company’s Board of Directors.

    21

Stock
Options

A
summary of stock option activity under the Plans for the six months ended June 30, 2025 is as follows:

SCHEDULE
OF STOCK OPTION PLAN ACTIVITY

    Number of Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life  
    Aggregate Intrinsic Value 
  
    Options outstanding – January 1, 2025 
     2,469,099  
    $6.49  

    Options granted