Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 36

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 36
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U awards are granted subject to certain vesting
requirements and other restrictions, including time-based performance and market-based vesting criteria. The grant date fair value of
the RSUs, which has been determined based upon the market value of the Company’s common stock on the grant date, is expensed over
the vesting period of the RSUs.

A summary of the Company’s RSU activity
and related information for the three months ended March 31, 2025 is as follows:

 SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

    Number of Shares  
    Weighted Average Grant Date Fair Value 
  
    RSUs unvested - January 1, 2025 
     353,112  
    $22.55 
  
    RSUs granted 
     -  
     - 
  
    RSUs vested 
     (17,410) 
     17.85 
  
    RSUs cancelled/forfeited 
     (20,000) 
     17.97 
  
    RSUs unvested - March 31, 2025 
     315,702  
    $23.10 

As of March
31, 2025, the total unrecognized compensation expense related to unvested RSUs was approximately $5,677,000, which is expected to be recognized
over a weighted-average period of 1.65 years, based on estimated and actual vesting schedules of the applicable RSUs. The stock-based
compensation for RSUs during the three months ended March 31, 2025 and 2024 was $719,000 and $405,000, respectively.

Performance Stock Units

A summary of the Company’s PSU activity
and related information for the three months ended March 31, 2025 is as follows:

 SCHEDULE OF PERFORMANCE STOCK UNITS ACTIVITY

    Number of Shares  
    Weighted Average Grant Date Fair Value 
  
    PSUs unvested – January 1, 2025 
     1,567,913  
    $18.56 
  
    PSUs granted 
     -  

    PSUs vested 
     -  

    PSUs cancelled/forfeited 
     -  

    PSUs unvested – March 31, 2025 
     1,567,913  
    $18.56 

As of March 31,