Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 56

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 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 nine months ended September 30, 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 
     25  
    $10,960.00 
  
    Granted 
     —  
     — 
  
    Vested 
     (12) 
     (7,060.00)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, September 30, 2025 
     13  
    $9,082.31 

    Number
    of
    Restricted
    shares

    Weighted
    average
    grant date
    fair value

    Nonvested
    balance, January 1, 2024

    27

    $
    22,540.00

    Granted

    40

    4,240.00

    Vested

    (16
    )

    (20,120.00
    )
  
    Forfeited

    (26
    )

    (44,400.00
    )
  
    Nonvested
    balance, September 30, 2024

    25

    $
    8,680.00

The
Company estimated the fair market value of these restricted stock grants based on the closing market price on the date of the grant.
As of September 30, 2025, there was $26,084 representing total unrecognized compensation costs related to all remaining non-vested restricted
stock grants, which will be amortized over the next thirty-one months in accordance with their respective vesting scale.

The
nonvested balance of restricted stock vests as follows:

 SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

    Years ended 
    Number of  shares 

    2025 (October 1, 2025 to December 31, 2025) 
     — 
  
    2026