Form 4 for HROW HARROW, INC.
Accepted 2023-04-04 00:00:00 ET · period of report 2023-04-03 · accession 0001493152-23-010886 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-04-04 | 2023-04-03 | HROW | BAUM MARK L | CEO, Dir | F - Tax | $20.97 | -117.6K | 1.55M | -7% | -$2.47M |
| D | 2023-04-04 | 2023-04-03 | HROW | BAUM MARK L | CEO, Dir | M - OptEx | $8.99 | +180.0K | 1.66M | +12% | +$1.62M |
| D | 2023-04-04 | 2023-04-03 | HROW | BAUM MARK L | CEO, Dir | A - Grant | $0.00 | +762.3K | 762.3K | New | $0 |
| D | 2023-04-04 | 2023-04-03 | HROW | BAUM MARK L | CEO, Dir | M - OptEx | $0.00 | -180.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-04-03 | F | D | 117,633 | $20.97 | 1,547,329 | D | — | — | (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. |
| 2 | Common | Common Stock | 2023-04-03 | M | A | 180,000 | $8.99 | 1,664,962 | D | — | — | (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. |
| 3 | Derivative | Restricted Stock Unit | 2023-04-03 | A | A | 762,300 | $0.00 | 762,300 | D | — · — to 2028-04-03 | 762,300 Common Stock | (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). |
| 4 | Derivative | Stock Option (Right to Buy) | 2023-04-03 | M | D | 180,000 | $0.00 | 0 | D | $8.99 · — to 2023-05-02 | 180,000 Common Stock | (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. |