Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 208

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 208
---
 |   |     |            |   5.00 |   |
| Vested                               |     |            | (56,625 | ) |     |            | (21.29 | ) |
| Forfeited                            |     |            |  (3,625 | ) |     |            | (22.41 | ) |
| Nonvested balance, December 31, 2023 |     |            |  53,875 |   |     | $          |  11.27 |   |

| F-35 |

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 December 31, 2023, there was $ 140,573of total unrecognized compensation costs related to all remaining non-vested restricted stock grants, which will be amortized over the next forty-eight 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    |        |
| 2024        |     |           | 27,750 |
| 2025        |     |           | 19,000 |
| 2026        |     |           |  4,125 |
| 2027        |     |           |  2,000 |
| 2028        |     |           |  1,000 |

NOTE 17. COMMON STOCK PURCHASE WARRANTS

2021 Purchase Warrants

The Company has issued Common Stock purchase warrants in conjunction with various debt and equity issuances. The warrants are either immediately exercisable or have a delayed initial exercise date, no more than nine months from their respective issue date and allow the holders to purchase up to 1,148,286shares of common stock at $ 5.50to $ 52.00per share as of December 31, 2023. The warrants expire from July 31, 2023 through April 5, 2028 and under certain circumstances allow for cashless exercise.

On January 14, 2021 and February 1, 2021, the Company issued warrants to purchase a total of 2,127,500shares of Common Stock. The warrant terms provide for net cash settlement outside the control of the Company under certain circumstances in the event of tender offers. As such, the Company is required