Form 4: Opaleye Management Inc. Sells 20,000 Shares of Harrow Inc.

Opaleye Management Inc., a 10% owner of Harrow Inc., sold 20,000 shares of common stock at an average price of $35.5907 per share on January 22, 2025.

Summary

• Opaleye Management Inc., a significant shareholder of Harrow Inc., has reported the sale of 20,000 common stock shares.
• The transaction occurred on January 22, 2025.
• The shares were sold at a weighted average price of $35.5907.
• The sale was executed through multiple transactions with prices ranging from $34.595 to $36.64 per share.
• Following the transaction, Opaleye Management Inc. indirectly owns 155,000 shares through a managed account.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share sale, with no indication of positive or negative sentiment towards the company's prospects.

Negatives

• Opaleye Management Inc. has reduced its holdings in Harrow Inc. by selling 20,000 shares.

Risks

• The sale by a major shareholder like Opaleye Management Inc. could potentially signal a change in their investment outlook on Harrow Inc.

Management Comments

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

Industry Context

This transaction is a routine disclosure of a significant shareholder's trading activity and does not necessarily indicate a broader trend in the pharmaceutical industry.

Comparison to Industry Standards

• Share sales by significant shareholders are common and are typically disclosed through SEC filings.
• The price range of the sale is within the normal trading range for Harrow Inc. stock.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor sentiment.

Key Dates

Keywords

Opaleye Management Inc., Harrow Inc., share sale, common stock, beneficial ownership, managed account, SEC Form 4