Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 138

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 138
---
 
    Number of  options  
    Weighted average remaining contractual life

    $0.01 to $999.99  
     1,850  
    5.4 years 
     1,850  
    5.4 years
  
    $1,000.00 to $1,399.99  
     700  
    3.5 years 
     700  
    3.5 years
  
    $1,400.00 to $1,799.99  
     75  
    1.1 years 
     75  
    1.1 years

     Total  
     2,625  
    4.7 years 
     2,625  
    4.7 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 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.

    27

A summary of all restricted stock
activity under the equity compensation plans for the three months ended March 31, 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 
     2,537  
    $109.60 
  
    Granted 
     —  
     — 
  
    Vested 
     (1,687) 
     (70.60)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, March 31, 2025 
     850  
    $187.20 

    Number of Restricted shares  
    Weighted
                                                                                average grant date fair value 
  
    Nonvested balance, January 1, 2024 
     2,694