Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 179

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 179
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the “2018 Plan”), (ix) the 2020 Stock Option and Restricted Stock
Plan (the “2020 Plan”), and (x) the 2022 Stock Option and Restricted Stock Plan (the “2022 Plan”). The 2005 Plan,
2006 Plan, 2007 Plan, 2008 Plan, 2011 Plan, 2013 Plan, 2015 Plan, 2018 Plan, 2020 Plan and 2022 Plan are referred to as the “Plans.”

Stock
option grants. The Company believes that such awards better align the interests of our employees with those of its stockholders.
Option awards have been granted with an exercise price equal to the market price of its stock at the date of grant with such option awards
generally vesting based on the completion of continuous service and having ten-year contractual terms. These option awards typically
provide for accelerated vesting if there is a change in control (as defined in the Plans). The Company has registered all shares of Common
Stock that are issuable under its Plans with the SEC. A total of 69 shares remained available for awards under the various Plans as of
September 30, 2024.

The
fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model.

Activity
in the various Plans during the nine months ended September 30, 2025 and 2024 is reflected in the following table:

  SCHEDULE OF STOCK OPTIONS OUTSTANDING

    Options 
    Number of  Shares  
    Weighted Average Exercise Price 
  
    Outstanding at January 1, 2025 
     26  
    $102,907.69 
  
    Granted 
     —  
     — 
  
    Exercised 
     —  
     — 
  
    Forfeited 
     —  
     — 
  
    Outstanding at September 30, 2025 
     26  
    $102,907.69 
  
    Exercisable at September 30, 2025 
     26  
    $102,907.69 

    Options 
    Number of  Shares  
    Weighted Average Exercise Price 
  
    Outstanding at January 1, 2024 
     27  
    $91,100.00 
  
    Granted 
     —  
     — 
  
    Exercised 
     —