Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 276

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 276
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 14,000 |     |                  | 4.0 years |
| $              | 70.00 to $89.99 |     |                     |  1,500 |     |                  | 1.6 years |     |                     |  1,500 |     |                  | 1.6 years |
|                |                 |     |                     | 52,500 |     |                  | 5.2 years |     |                     | 52,500 |     |                  | 5.2 years |

Restricted stock grants.The Board of Directors has granted restricted stock awards under the Plans. Restricted stock awards are valued on the date of grant and have no purchase price for the recipient. Restricted stock awards typically vest over one to five years corresponding to anniversaries of the grant date. Under the Plans, unvested shares of restricted stock awards may be forfeited upon the termination of service to or employment with the Company, depending upon the circumstances of termination. Except for restrictions placed on the transferability of restricted stock, holders of unvested restricted stock have full stockholder’s rights, including voting rights and the right to receive cash dividends.

A summary of all restricted stock activity under the Plans for the nine months ended September 30, 2024 is as follows:

SCHEDULE OF RESTRICTED STOCK ACTIVITY

|                                       |     | Number of         
 Restricted shares |         |   |     | Weighted average grant date 
 fair value                  |        |   |
|:--------------------------------------|:----|:------------------|--------:|:--|:----|:----------------------------|-------:|:--|
| Nonvested balance, December 31, 2023  |     |                   |  53,875 |   |     | $                           |  11.27 |   |
| Granted                               |     |                   |  80,197 |   |     |                             |   2.12 |   |
| Vested                                |     |                   | (32,250 | ) |     |                             | (10.87 | ) |
| Forfeited                             |     |                   | (51,072 | ) |     |                             |  (2.91 | ) |
| Nonvested balance, September 30, 2024 |     |                   |  50,750 |   |     | $                           |   5.48 |   |

The Company estimated the fair market value of these restricted stock grants based