Form 4: Opaleye Management Inc. Reduces Stake in Harrow, Inc. Through Recent Stock Sales

Opaleye Management Inc. reports selling shares of Harrow, Inc. common stock in multiple transactions, reducing its beneficial ownership.

Summary

• Opaleye Management Inc., a 10% owner of Harrow, Inc. (HROW), filed a Form 4 detailing changes in beneficial ownership.
• On May 12, 2025, Opaleye sold 10,000 shares of HROW common stock at a weighted average price of $25.8959, with prices ranging from $25.1642 to $26.4028.
• On May 13, 2025, an additional 5,000 shares were sold at a weighted average price of $26.589, with prices ranging from $26.5214 to $26.6565.
• Following these transactions, Opaleye directly owns 3,815,000 shares through Opaleye, L.P. and indirectly owns 125,000 shares through a managed account.
• Opaleye disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock sales; no explicit positive or negative commentary is provided.

Negatives

• Opaleye Management Inc. reduced its stake in Harrow, Inc. through the sale of 15,000 shares.

Management Comments

• Opaleye Management Inc. disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest.

Industry Context

Form 4 filings are standard disclosures required by the SEC when significant changes in ownership occur for company insiders and large shareholders, providing transparency to the market.

Stakeholder Impact

• The stock sale by a major shareholder like Opaleye Management Inc. could potentially influence investor sentiment regarding Harrow, Inc.

Key Dates

Keywords

Opaleye Management Inc., Harrow, Inc., HROW, Form 4, Beneficial Ownership, Stock Sale, Managed Account, Opaleye, L.P.