Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 207

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 207
---
 |                |      - |   |
| Exercised                        |     |           |      - |   |     |                |      - |   |
| Forfeited                        |     |           |   (350 | ) |     |                | (83.20 | ) |
| Outstanding at December 31, 2023 |     |           | 53,600 |   |     | $              |  45.55 |   |
| Exercisable at December 31, 2023 |     |           | 53,600 |   |     | $              |  45.55 |   |

The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model. The total estimated grant date fair value stock options issued during the year ended December 31, 2023 and 2022 was $- 0- and $ 22,768, respectively.

The Company has utilized the following assumptions in its Black-Scholes option valuation model to calculate the estimated grant date fair value of the options during the years ended December 31, 2023 and 2022:

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS ASSUMPTION

| Volatility - range 
 Risk-free rate     
 Expected term      |     | 2023        
 Assumptions | - 
 - 
 - |     | 2022        
 Assumptions |     111.67 
       1.81 
 10.0 years | % 
 % |
|:-------------------|:----|:------------|:--|:----|:------------|-----------:|:--|
| Exercise price     |     |             | - |     | $           |      19.60 |   |

| F-34 |

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 years ended December 31, 2023 and 2022.

At December 31, 2023 and 2022, the aggregate intrinsic value of options outstanding was approximately $- 0- and $- 0-, respectively, and the aggregate intrinsic value of options exercisable was approximately $- 0- and $- 0-, respectively.

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable