Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 141

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 141
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 fees for the first quarter of 2024.                                                                                   |
| (3) | Mr.                                                                                                                                      
 Anderson was appointed to the Board on December 17, 2024. Therefore, he received no director fees or stock-based compensation for        
 services as a director during the year ended December 31, 2024.                                                                          |

On November 17, 2023, our Board adopted a clawback policy (the “Clawback Policy”) permitting the Company to seek the recovery of incentive compensation received by any of the Company’s current and former executive officers (as determined by the board in accordance with Section 10D of the Exchange Act) and such other senior executives/employees who may from time to time be deemed subject to the Clawback Policy by the board (collectively, the “Covered Executives”). The amount to be recovered will be the excess of the incentive compensation paid to the Covered Executive based on the erroneous data over the incentive compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined by the board. If the board cannot determine the amount of excess incentive compensation received by the Covered Executive directly from the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement.

Outstanding Stock Options Held by Directors

The following table presents information concerning the outstanding equity awards for the Board as of December 31, 2023:

<div align='center'>Outstanding Equity Awards at Fiscal Year-End</div>

| Name                        
 Stanton E. Ross             
 Chairman, CEO and President |     | Equity      
 incentive   
 plan        
 awards:     
 Number of   
 securities  
 underlying  
 unexercised 
 options (#) 
 exercisable |     — |     | Number of     
 securities    
 underlying    
 unexercised   
 options (#)   
 unexercisable | — |     | Number of   
 securities  
 underlying  
 unexercised 
 unearned    
 options (#) | — |     | Option   
 exercise 
 price    
 ($)      |     — |     | Option     
 expiration 
 date       | —         |
|:----------------------------|:----|:------------|------:|:----|:--------------|:--|:----|:------------|:--|:----|:---------|------:|:----|:-----------|:----------|
| Leroy C. Richie             
 Lead Outside Director       |     |             | 5,000 |     |               |   |