Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 169

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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 6.6 years 
     1  
     6.6 years 
  
    $40,000 to $69,999  
     7  
    6.0 years 
     7  
     6.0 years 
  
    $70,000 to $99,999  
     10  
    4.3 years 
     10  
     4.3 years 
  
    $100,000 to $129,999  
     7  
    3.1 years 
     7  
     3.1 years 
  
    $130,000 to $159,999  
     1  
    0.9 years 
     1  
     0.9 years 

    Total  
     26  
    4.4 years 
     26  
     4.4 years 

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 the 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.

    27

A summary of all restricted
stock activity under the equity compensation plans for the six months ended June 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 
     (17) 
     (7,060.00)
  
    Forfeited 
     —  
     — 
  
    Nonvested balance, June 30, 2025 
     8  
    $18,720.00 

    Number of Restricted shares  
    Weighted average grant