Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 41

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 Plan, 2020 Plan and 2022 Plan are referred to as the “Plans.”

Stock option grants.
The Company believes that such awards better align the interests of our employees with those of its stockholders. Option awards have been
granted with an exercise price equal to the market price of its stock at the date of grant with such option awards generally vesting based
on the completion of continuous service and having ten-year contractual terms. These option awards typically provide for accelerated vesting
if there is a change in control (as defined in the Plans). The Company has registered all shares of Common Stock that are issuable under
its Plans with the SEC. A total of 6,852 shares remained available for awards under the various Plans as of March 31, 2024.

The fair value of each option
award is estimated on the date of grant using a Black-Scholes option valuation model.

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Activity in the various Plans
during the three months ended March 31, 2025 and 2024 is reflected in the following table:

 SCHEDULE OF STOCK OPTIONS OUTSTANDING

    Options 
    Number of  Shares  
    Weighted
                                                                                Average Exercise Price 
  
    Outstanding at January 1, 2025 
     2,625  
    $902.80 
  
    Granted 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Forfeited 
     —  
     — 
  
    Outstanding at March 31, 2025 
     2,625  
    $902.80 
  
    Exercisable at March 31, 2025 
     2,625  
    $902.80 

    Options 
    Number of  Shares  
    Weighted
                                                                                Average Exercise Price 
  
    Outstanding at January 1, 2024 
     2,280  
    $911.00 
  
    Granted 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Forfeited 
     —  
     — 
  
    Outstanding at March 31, 2024 
     2,280  
    $911.00 
  
    Exercisable at March 31, 2024 
     2,280  
    $911.00 

The fair value of