Andrew R. Boll - Mar 31, 2023 Form 4 Insider Report for HARROW HEALTH, INC. (HROW)

Role: Chief Financial Officer
Signature: /s/ Andrew R. Boll
Stock symbol: HROW
Transactions as of: Mar 31, 2023
Transactions value $: -$188,793
Form type: 4
Date filed: 4/4/2023, 07:50 PM
Previous filing: Jan 3, 2023
Next filing: Jul 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HROW	Common Stock	Options Exercise	$540K	+90K	+33.52%	$6.00	358K	Mar 31, 2023	Direct	F1
transaction	HROW	Common Stock	Tax liability	-$729K	-34.4K	-9.61%	$21.16	324K	Mar 31, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HROW	Stock Option (Right to Buy)	Options Exercise	$0	-90K	-100%	$0.00^*	0	Mar 31, 2023	Common Stock	90K	$6.00	Direct	F2
transaction	HROW	Restricted Stock Unit	Award	$0	+347K		$0.00	347K	Apr 3, 2023	Common Stock	347K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld to satisfy the exercise price and tax liability incident to the exercise of the stock option. Such withholding did not involve any market sales or other market transactions.
F2	The stock option was granted on April 1, 2013 under the Issuers 2007 Stock Incentive and Awards Plan and the shares subject to the stock option became exercisable over a 3 year period, according to a quarterly vesting schedule following its grant date. The stock option had an expiration date of April 1, 2023.
F3	Represents performance-based restricted stock units ("PSUs") granted under the Issuer's 2017 Stock Incentive and Awards Plan, as amended (the "Plan"). Each PSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The vesting of the PSUs (granted in lieu of service only stock option and restricted stock unit awards) require (i) a minimum of a two-year service period, and (ii) the achievement and maintenance of Harrow common stock price targets of $25 (causing the vesting of 49,500 PSU shares), $35 (causing the vesting of 74,250 PSU shares), $45 (causing the vesting of 99,000 PSU shares), $50 (causing the vesting of 123,750 PSU shares).