Trump Media CFO, director sells DJT stock | Wilnesh News

chief financial officer Trump Media According to the latest news, two other company insiders sold more than $16 million worth of company stock within a week of the presidential election. expose.

Most of the shares have been sold by the CFO philip johnIn August, he adopted a trading plan revealing his intention to sell 400,000 DJT shares by December 2025.

Trump Media Director Eric Swede The company’s majority shareholder, Donald Trump, was elected president on November 5, and the company’s general counsel, Scott Glabe, both sold smaller shares of the company.

Trump Media, which operates the Truth Social app, has a market capitalization of $6.3 billion, despite revenue of just over $1 million in the third quarter of this year.

The company’s stock price has fluctuated wildly since it became publicly traded at the end of March, and the company lost $19.2 million in the quarter.

Truth Social’s daily active user rate is minuscule compared to other social media apps.

Digital intelligence platform Similarweb reported that Truth Social had approximately 200,000 daily active users on November 6, the day after Election Day. By comparison, social media site X had 36.7 million users that day, Threads had 4.7 million users, and Bluesky had about 1 million users.

Juhan, who is also Trump’s media treasurer, sold 320,000 shares on Friday at $30.65 per share, for a total of $9.8 million in stock, according to a Form 4 filing with the U.S. Securities and Exchange Commission. U.S. Securities and Exchange Commission.

On Monday, Juhan sold an additional 64,000 shares at $32.97 per share, worth $2.11 million, the same filing said.

Documents show that after the second sale, Juhan still held 265,798 shares of DJT stock. All but about 20,000 of those shares are restricted stock units, which were granted to him on Election Day, Nov. 5, and cannot be sold immediately.

A quarter of the award shares will vest and be eligible for sale on Dec. 25, according to a filing. The remaining shares will be paid in quarterly installments until March 2027.

According to Swider’s new Form 4 filing, 136,183 shares of DJT were sold on Friday at $28.23 per share, for a total value of $3.84 million.

The sale disposed of all of Swade’s Trump Media holdings, documents show. Swede controls a company called Renatus Advisors, which still owns 18,043 shares of Trump Media.

General counsel Glabe sold 15,917 shares on Friday at $32.19 per share, for a total value of $512,368, filings show.

Glabe, who is also the company’s secretary, still owns 336,576 shares restricted stock units After the sale in Trump Media. The stock vested in him on November 5 and will vest on the same schedule as Juhan’s RSU.

On the same day Juhan and Scott received their RSUs, Trump Media CEO Devin Nunes 1.3 million RSUs were received, with a paper value of nearly $38 million as of Wednesday.

Nunes’ RSU follows the same exercise schedule as Juhan and Scott have.

A Trump media spokesman did not immediately respond to CNBC’s request for comment on the stock sales.