Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 288

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 288
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ed 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 Plans for the nine months ended September 30, 2024 is as follows:

SCHEDULE OF RESTRICTED STOCK ACTIVITY

|                                       |     | Number of         
 Restricted shares |         |   |     | Weighted average grant date 
 fair value                  |        |   |
|:--------------------------------------|:----|:------------------|--------:|:--|:----|:----------------------------|-------:|:--|
| Nonvested balance, December 31, 2023  |     |                   |  53,875 |   |     | $                           |  11.27 |   |
| Granted                               |     |                   |  80,197 |   |     |                             |   2.12 |   |
| Vested                                |     |                   | (32,250 | ) |     |                             | (10.87 | ) |
| Forfeited                             |     |                   | (51,072 | ) |     |                             |  (2.91 | ) |
| Nonvested balance, September 30, 2024 |     |                   |  50,750 |   |     | $                           |   5.48 |   |

The Company estimated the fair market value of these restricted stock grants based on the closing market price on the date of grant. As of September 30, 2024, there were $ 88,399of total unrecognized compensation costs related to all remaining non-vested restricted stock grants, which will be amortized over the next forty-two 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                                      
 2024 (October 1, 2024 through December 31, 2024) 
 2025                                             |     | Number of Shares |      — 
 35,250 |
|:-------------------------------------------------|:----|:-----------------|-------:|
| 2026                                             |     |                  |  6,500 |
| 2027                                             |     |                  |  5,000 |
| 2028                                             |     |                  |  4,000 |

| F-75 |

NOTE 11. COMMON STOCK PURCHASE WARRANTS

2023