Company: HROW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022980
Chunk: 52

Company: HARROW, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 52
---
 Products. In addition to other
mutually agreed terms, Harrow shall pay to Samsung a share of net sales from the Products generated in the U.S. market.

PSU
Awards

In
July 2025, the Company granted an aggregate of 1,295,249 performance stock units to Mark L. Baum, Chief Executive Officer and Andrew
R. Boll, Chief Financial Officer, which are subject to the satisfaction of certain market-based and continued service conditions (the
“2025 PSUs”). The vesting of the 2025 PSUs require (i) a minimum of a three-year service period, and (ii) during a five-year
term, the achievement and maintenance of Company common stock price targets ranging between $50 to $100 per share, broken out into four
separate tranches as described further in the table below.

SCHEDULE
OF PERFORMANCE STOCK UNITS

    Tranche 
    Target Stock Price  
    Number of Shares 
  
    Tranche 1 
    $50  
     181,335 
  
    Tranche 2 
    $60  
     272,003 
  
    Tranche 3 
    $75  
     375,623 
  
    Tranche 4 
    $100  
     466,288 

29

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited
condensed consolidated financial statements and the related notes thereto contained in Part I, Item 1 of this Quarterly Report on Form
10-Q (this “Quarterly Report”). Our condensed consolidated financial statements have been prepared and, unless otherwise
stated, the information derived therefrom as presented in this discussion and analysis is presented, in accordance with accounting principles
generally accepted in the United States of America (“GAAP”).

The
information contained in this Quarterly Report is not a complete description of our business or the risks associated with an investment
in our common stock. We urge you to carefully review and consider the various disclosures made by us in this Quarterly Report and in
our other reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including our Annual Report on Form
10-K for the fiscal year ended December 31, 2024 and subsequent reports, which discuss our business in greater detail. As used in this
discussion and