Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 167

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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 (i) the 2005 Stock Option and Restricted Stock Plan (the “2005
Plan”), (ii) the 2006 Stock Option and Restricted Stock Plan (the “2006 Plan”), (iii) the 2007 Stock Option and Restricted
Stock Plan (the “2007 Plan”), (iv) the 2008 Stock Option and Restricted Stock Plan (the “2008 Plan”), (v) the
2011 Stock Option and Restricted Stock Plan (the “2011 Plan”), (vi) the 2013 Stock Option and Restricted Stock Plan (the “2013
Plan”), (vii) the 2015 Stock Option and Restricted Stock Plan (the “2015 Plan”), (viii) the 2018 Stock Option and Restricted
Stock Plan (the “2018 Plan”), (ix) the 2020 Stock Option and Restricted Stock Plan (the “2020 Plan”), and (x)
the 2022 Stock Option and Restricted Stock Plan (the “2022 Plan”). The 2005 Plan, 2006 Plan, 2007 Plan, 2008 Plan, 2011 Plan,
2013 Plan, 2015 Plan, 2018 Plan, 2020 Plan and 2022 Plan are referred to as the “Plans.”

Stock option grants.
The Company believes that such awards better align the interests of our employees with those of its stockholders. Option awards have been
granted with an exercise price equal to the market price of its stock at the date of grant with such option awards generally vesting based
on the completion of continuous service and having ten-year contractual terms. These option awards typically provide for accelerated vesting
if there is a change in control (as defined in the Plans). The Company has registered all shares of Common Stock that are issuable under
its Plans with the SEC. A total of 69 shares remained available for awards under the various Plans as of June 30, 2024.

The fair value of each option
award is estimated on the date of grant using a Black-Scholes option valuation model.

    26

Activity in the various Plans
during the six months ended June 30, 2025 and 2024 is reflected in the following table:

 SCHEDULE OF STOCK OPTIONS OUTSTANDING

    Options 
    Number of  Shares  
    Weighted Average Exercise Price 
  
    Outstanding at January 1, 2025 
     26  
    $102,907.69