Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 78

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 78
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 restated our 401(k) Plan. The amended 401(k) Plan requires us to provide a 100% matching contribution for employees who elect to contribute up to 3% of their compensation to the plan and a 50% matching contribution for employees’ elective deferrals between 4% and 5%. We have made matching contributions for executives who elected to contribute to the 401(k) Plan during 2024. Each participant is 100% vested at all times in employee and employer matching contributions. Mr. Heckman, as trustee of the 401(k) Plan, holds the voting power as to the shares of our common stock held in the 401(k) Plan. We have no profit-sharing plan in place for our employees. However, we may consider adding such a plan to provide yet another level of compensation to our compensation plan.

The following table presents information concerning the grants of plan-based awards to the Named Executive Officers during the year ended December 31, 2024:

<div align='center'>Grants of Plan-Based Awards</div>

| Name                         
 Stanton E. Ross              |     | Grant date       |     | Date approved by Compensation Committee |                  |     | All other stock awards: Number of shares of stock or units: 
 (#) (1) (2)                                                 |        |    |     | Exercise or base price of option awards 
 ($/Share)                               |      |     | Grant date fair value of stock awards 
 ($) (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                     |     |