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chief financial officer of trump media Two other company insiders sold $16 million worth of company stock in the week after the presidential election, according to new information. disclosure.
Most of the shares were sold by the CFO philip juanHe adopted a trading plan in August, announcing his intention to sell 400,000 shares of DJT stock by December 2025.
trump media director Eric Swider Scott Grubb, the company’s general counsel, and Scott Grubb, the company’s general counsel, each reduced their stake in the company whose majority owner, Donald Trump, was elected president on Nov. 5.
Trump Media, which operates the Truth Social app, has a market capitalization of $6.3 billion despite having just over $1 million in revenue in the third quarter of this year.
The company, whose stock has fluctuated wildly since it went public in late March, reported a loss of $19.2 million in the quarter.
Truth Social has a small number of daily active users compared to other social media apps.
Digital intelligence platform Similarweb reported that as of November 6, the day after Election Day, Truth Social had approximately 200,000 daily active users. In contrast, 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 Media’s finance director, sold 320,000 shares on Friday at a price of $30.65 per share, or a total of $9.8 million worth, according to a Form 4 filing with Trump Media. , U.S. Securities and Exchange Commission.
Yuhan sold another 64,000 shares on Monday at $32.97 per share, worth an additional $2.11 million, according to the filing.
After the second sale, Yuhan still held 265,798 shares of DJT stock, according to the filing. All but about 20,000 of those shares are restricted stock units that were granted to him on November 5, the day of the election, and cannot be sold immediately.
According to the filing, one-quarter of the granted shares will vest on Dec. 25 and be eligible for sale. The remaining shares will vest quarterly until March 2027.
Mr. Swider sold 136,183 shares of DJT stock on Friday at a price of $28.23 per share, worth a total of $3.84 million, according to a new Form 4 filing.
The sale liquidates all of Swider’s Trump Media stock, according to the filing. Mr. Swider still runs a company called Renatus Advisors, which owns 18,043 shares of Trump Media stock.
Mr. Grave, the general counsel, sold 15,917 shares on Friday for $32.19 each, for a total of $512,368, according to filings.
Mr. Grubb, who is also the company’s secretary, still owns $336,576. Restricted stock unit In Trump Media after that sale. The shares will vest to him on November 5 and will vest according to the same schedule as Juhan’s RSUs.
On the same day Juhan and Scott received their RSUs, Trump Media CEO Devin Nunes received 1.3 million RSUs, worth about $38 million on paper as of Wednesday.
Nunes’ RSUs are subject to the same vesting schedule as those held by Juhan and Scott.
A Trump Media spokesperson did not immediately respond to CNBC’s request for comment on the stock sale.
