Trump Media & Technology Group Director Sells 5,000 Shares at $17.61 per Share.

On August 29, 2023, Trump Media & Technology Group Corp. (DJT) announced that Director Eric Swider has sold 5,000 shares at a price of $17.61 per share.

On August 29, 2023, Trump Media & Technology Group Corp. (DJT) announced that Director Eric Swider sold 5,000 shares of the company's common stock. The shares were sold at a weighted average price of $17.6147, with individual transaction prices ranging from $17.6000 to $17.6350 [1].

The sale was disclosed through a Form 4 filing, which is a routine reporting requirement under the Securities Exchange Act of 1934. The filing includes details such as the transaction date, the number of shares sold, the weighted average price, and the post-transaction beneficial ownership. The filing also notes that the beneficial ownership figure includes restricted stock units (RSUs) that vest subject to plan terms [1].

After the sale, Eric Swider's beneficial ownership of DJT shares stands at 24,041, including the RSUs. The RSUs are contingent on vesting according to the terms of the company's equity incentive plan [1].

This transaction is a straightforward Section 16 disclosure of an open-market sale. The filing provides transparency on pricing, with the weighted average price and the disclosed price range for constituent trades. The inclusion of RSUs in the ownership total is clearly stated, which is important for assessing actual voting and economic rights [1].

The filing does not indicate any related-party arrangements or plan-based transactions beyond the RSU disclosure. The Form 4 meets disclosure requirements by identifying the reporting person as a director, specifying the transaction date, the number of shares sold, the weighted average price, and the post-transaction beneficial ownership [1].

This news comes amidst broader developments for Trump Media & Technology Group Corp. On Tuesday, August 29, 2023, the company announced a partnership with Crypto.com to launch a rewards system on its Truth Social and Truth+ platforms, using Crypto.com’s digital wallet and Cronos (CRO) digital currency as a utility token. This move highlights the company's continued focus on digital innovations and its ties to the crypto industry [2].

References:
[1] https://www.stocktitan.net/sec-filings/DJT/form-4-trump-media-technology-group-corp-insider-trading-activity-ede52afe3fee.html
[2] https://www.fastcompany.com/91392955/trump-media-djt-stock-price-up-today-on-deal-with-crypto-com