Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 138

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 138
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 ownership        
 by all executive officers and directors as a group.                                                                              |
| (2) | Mr.                                                                                                                              
 Ross’s total shares of common stock include 17,500 restricted shares that are subject to forfeiture to us.                       |
| (3) | Mr.                                                                                                                              
 Richie’s total shares of common stock include 16,250 shares of common stock to be received upon the exercise of vested options.  |
| (4) | Mr.                                                                                                                              
 Heckman’s total shares of common stock include 85,401 shares of common stock held in the Company’s 401(k) Retirement             
 Savings Plan (the “401(k) Plan”) (on December 31, 2024) as to which Mr. Heckman has voting power as trustee of the 401(k)        
 Plan.                                                                                                                            |
| (5) | Mr.                                                                                                                              
 Han’s total shares of common stock include (i) 17,000 restricted shares that are subject to forfeiture to us and (ii) 331 shares 
 of common stock to be received upon the exercise of vested options.                                                              |

| 94 |

<div align='center'>DESCRIPTION OF SECURITIES</div>

The following description of our securities is only a summary and is qualified in its entirety by reference to the actual terms and provisions of the capital stock contained in our Articles of Incorporation and our Bylaws.

General

The following description of our common stock and certain provisions of our Articles of Incorporation and our Bylaws are summaries and are qualified by reference to our Articles of Incorporation and Bylaws. Such summaries do not purport to be complete and are qualified in their entirety by reference to Nevada law, including the NRS, as well as copies of our Articles of Incorporation and Bylaws, which have been filed as exhibits to prior reports filed by us with the SEC.

Common Stock

Our authorized common stock consists of 50,000,000 shares of common stock, $0.001 par value per share. As of the date of this prospectus, we had 7,883,214 shares of our common stock issued and outstanding.

Voting Rights

Each share of our common stock entitles the owner to one vote. There is no cumulative voting. A simple majority can elect all of the directors at a given meeting, and the minority would not be able to elect any director at that meeting.

Dividends

Each share of our common stock is entitled to receive an equal dividend, if one is declared. We cannot provide any