Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 181

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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.6 years  
     1  
     0.6 years 

    Total 
     26  
     4.1 years  
     26  
     4.1 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 four years corresponding
to the 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 equity compensation plans for the nine months ended September 30, 2025 and 2024 is
as follows:

 SCHEDULE OF RESTRICTED STOCK ACTIVITY

    Number of Restricted shares  
    Weighted average grant date fair value 
  
    Nonvested balance, January 1, 2025 
     25  
    $10,960.00 
  
    Granted 
     —  
     — 
  
    Vested 
     (12) 
     (7,060.00)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, September 30, 2025 
     13  
    $9,082.31 

    Number
    of
    Restricted
    shares

    Weighted
    average
    grant date
    fair value

    Nonvested
    balance, January 1, 2024

    27

    $
    22,540.00

    Granted

    40

    4,240.00

    Vested

    (16
    )

    (20,120.00
    )
  
    Forfeited

    (26
    )

    (44,400.00
    )
  
    Nonvested
    balance, September 30, 2024

    25

    $
    8,680.00

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