Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 276

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 276
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 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 137,042shares remained available for awards under the various Plans as of September 30, 2024.

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

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

SCHEDULE OF STOCK OPTIONS OUTSTANDING

| Options                           |     | Number of Shares |        |   |     | Weighted Average Exercise Price |        |   |
|:----------------------------------|:----|:-----------------|-------:|:--|:----|:--------------------------------|-------:|:--|
| Outstanding at December 31, 2023  |     |                  | 53,600 |   |     | $                               |  45.55 |   |
| Granted                           |     |                  |      - |   |     |                                 |      - |   |
| Exercised                         |     |                  |      - |   |     |                                 |      - |   |
| Forfeited/expired                 |     |                  | (1,100 | ) |     |                                 | (65.00 | ) |
| Outstanding at September 30, 2024 |     |                  | 52,500 |   |     | $                               |  45.14 |   |
| Exercisable at September 30, 2024 |     |                  | 52,500 |   |     | $                               |  45.14 |   |

The Plans allow for the cashless exercise of stock options. This provision allows the option holder to surrender/cancel options with an intrinsic value equivalent to the purchase/exercise price of other options exercised. There were no shares surrendered pursuant to cashless exercises during the nine months ended September 30, 2024 and 2023.

The aggregate intrinsic value of options outstanding was $- 0- and $- 0-, at