Form 4: Opaleye Management Sells HARROW, INC. Shares

Opaleye Management Inc., a 10% owner of HARROW, INC., reported the sale of 20,000 shares of common stock at a weighted average price of $53.3457.

Summary

• Opaleye Management Inc., identified as a 10% owner of HARROW, INC. (HROW), filed a Form 4.
• The filing reports the disposition of 20,000 shares of HARROW, INC. common stock on January 6, 2026.
• The shares were sold at a weighted average price of $53.3457 per share, with transaction prices ranging from $53.00 to $53.93.
• The transaction was a direct sale and was not made pursuant to a Rule 10b5-1 pre-planned trading arrangement.
• Following the transaction, Opaleye Management Inc. beneficially owns 3,885,000 shares indirectly, comprising 70,000 shares through a separately managed account and 3,815,000 shares through Opaleye, L.P.

Sentiment

Score: 3

Explanation: A discretionary sale of a significant number of shares by a 10% owner, not under a 10b5-1 plan, is generally perceived as a negative signal by the market, indicating a potential lack of confidence or a need for liquidity.

Negatives

• A 10% owner, Opaleye Management Inc., disposed of 20,000 shares of common stock.
• The sale was a discretionary transaction, as it was not made pursuant to a Rule 10b5-1 trading plan, which can be interpreted as a less favorable signal than a pre-scheduled sale.

Risks

• Insider selling, particularly by a significant shareholder and not under a pre-planned arrangement, can sometimes be perceived by the market as a lack of confidence in the company's near-term prospects, potentially leading to negative share price movement.

Stakeholder Impact

• Shareholders may view the discretionary sale by a 10% owner as a negative signal, potentially influencing their investment decisions and the company's stock price.

Key Dates

Keywords

HARROW, HROW, Opaleye Management, insider trading, Form 4, stock sale, beneficial ownership, disposition, equity securities