Daughtery Daniel Duke 4
Research Summary
AI-generated summary
DIGITAL ALLY (KUST) Director Daniel Duke Receives Option Award
What Happened
- Daniel Duke, a director of Digital Ally, was awarded options to acquire 3,333 shares of common stock on January 22, 2026. The options carry an exercise price of $2.04 per share (the Nasdaq closing price that day). Exercising all options would require approximately $6,799.32 (3,333 × $2.04). This is a grant/award (not an open-market purchase or sale).
Key Details
- Transaction date: January 22, 2026 (reported on Form 4 filed January 26, 2026). Filing appears timely (filed within the two-business-day window).
- Transaction type: Award/Grant of options (code A).
- Options awarded: 3,333 shares; exercise price: $2.04 per share.
- Vesting: 100% of the options vest on January 22, 2027, contingent on the reporting person remaining an officer on that date.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: (F1) Grant made under the 2022 Stock Option and Restricted Stock Plan; vesting and exercise-price details as above. (F2) Reflects prior reverse stock splits in May 2025 and January 2026.
Context
- This was an equity award (options) rather than an immediate purchase or sale; options give the right to buy shares in the future at the stated exercise price. Because vesting is one year out and contingent on continued service, these options are a retention-focused grant rather than an immediate insider purchase signal.