Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 217

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 217
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:--|:----|:-----------|-------:|:--|
| Nonvested balance, January 1, 2022   |     |            |  52,869 |   |     | $          |  37.40 |   |
| Granted                              |     |            |  60,750 |   |     |            |  14.67 |   |
| Vested                               |     |            | (31,244 | ) |     |            | (34.73 | ) |
| Forfeited                            |     |            |  (3,250 | ) |     |            | (21.20 | ) |
| Nonvested balance, December 31, 2022 |     |            |  79,125 |   |     | $          |  21.73 |   |

|                                      |     | Number of  
 Restricted 
 shares     |         |   |     | Weighted   
 average    
 grant date 
 fair value |        |   |
|:-------------------------------------|:----|:-----------|--------:|:--|:----|:-----------|-------:|:--|
| Nonvested balance, January 1, 2023   |     |            |  79,125 |   |     | $          |  21.73 |   |
| Granted                              |     |            |  35,000 |   |     |            |   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 RESTRICT