Mark L. Baum - Apr 3, 2023 Form 4 Insider Report for HARROW HEALTH, INC. (HROW)

Role: Chief Executive Officer, Director
Signature: /s/ Mark L. Baum
Stock symbol: HROW
Transactions as of: Apr 3, 2023
Transactions value $: -$848,564
Form type: 4
Date filed: 4/4/2023, 07:54 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	$1.62M	+180K	+12.12%	$8.99	1.66M	Apr 3, 2023	Direct	F1
transaction	HROW	Common Stock	Tax liability	-$2.47M	-118K	-7.07%	$20.97	1.55M	Apr 3, 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	-180K	-100%	$0.00^*	0	Apr 3, 2023	Common Stock	180K	$8.99	Direct	F2
transaction	HROW	Restricted Stock Unit	Award	$0	+762K		$0.00	762K	Apr 3, 2023	Common Stock	762K		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 May 2, 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 May 2, 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 108,900 PSU shares), $35 (causing the vesting of 163,350 PSU shares), $45 (causing the vesting of 217,800 PSU shares), $50 (causing the vesting of 272,250 PSU shares).