Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 131

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 131
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                               |      |     | Grant date fair value of stock awards 
 ($) (2)                               |        |
|:-----------------------------|:----|:-----------|:-----------------|:----|:----------------------------------------|:-----------------|:----|:------------------------------------------------------------|-------:|---:|:----|:----------------------------------------|-----:|:----|:--------------------------------------|-------:|
| Chairman and CEO             |     |            | January 31, 2024 |     |                                         | January 31, 2024 |     |                                                             | 20,000 | -1 |     | $                                       | 2.13 |     | $                                     | 42,600 |
| Thomas J. Heckman            |     |            |                  |     |                                         |                  |     |                                                             |        |    |     |                                         |      |     |                                       |        |
| CFO, Treasurer and Secretary |     |            | -                |     |                                         | -                |     |                                                             |      - |    |     | $                                       |    - |     | $                                     |      - |
| Peng Han                     |     |            |                  |     |                                         |                  |     |                                                             |        |    |     |                                         |      |     |                                       |        |
| COO                          |     |            | January 31, 2024 |     |                                         | January 31, 2024 |     |                                                             | 15,000 | -1 |     | $                                       | 2.13 |     | $                                     | 31,950 |

(1) These restricted stock awards were made under the Digital Ally, Inc. Stock Option and Restricted Stock Plans and vest over a one-year period (100% on January 31, 2025) contingent upon whether the individual is still employed by us at that point.

(2) Stock awards noted represent the aggregate amount of grant date fair value as determined under ASC Topic 718. Please refer to Note 16 to the consolidated financial statements that appear in our Annual Report on Form 10-K, filed with the SEC on April 1, 2024, for a further description of the awards and the underlying assumptions utilized to determine the amount of grant date fair value related to such grants.

Employment Contracts; Termination of Employment and Change-in-Control Arrangements

We do not have any employment agreements with any of our executive officers. However, on December 23, 2008, we entered into retention