Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 207

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 207
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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.

A summary of all restricted stock activity under the equity compensation plans for the years ended December 31, 2023 and 2022 is as follows:

SUMMARY OF RESTRICTED STOCK ACTIVITY

|                                      |     | Number of  
 Restricted 
 shares     |         |   |     | Weighted   
 average    
 grant date 
 fair value |        |   |
|:-------------------------------------|:----|:-----------|--------:|:--|:----|:-----------|-------:|:--|
| Nonvested balance, January 1, 2022   |     |            |  52,869 |   |     | $          |  37.40 |   |
| Granted                              |     |            |  60,750 |   |     |            |  14.67 |   |
| Vested                               |     |            | (31,244 | ) |     |            | (34.73 | ) |
| Forfeited                            |     |            |  (3,250 | ) |     |            | (21.20 | ) |
| Nonvested balance, December 31, 2022 |     |            |  79,125 |   |     | $          |  21.73 |   |

|                                      |     | Number of  
 Restricted 
 shares     |         |   |     | Weighted   
 average    
 grant date 
 fair value |        |   |
|:-------------------------------------|:----|:-----------|--------:|:--|:----|:-----------|-------:|:--|
| Nonvested balance, January 1, 2023   |     |            |  79,125 |   |     | $          |  21.73 |   |
| Granted                              |     |            |  35,000