Trump Media & Technology Group Corp. (NASDAQ:DJT)’s chief financial officer and two other insiders have sold millions of dollars worth of shares following the election, according to SEC filings.
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One-quarter of Juhan's restricted stock units will become eligible for sale on Dec. 25, 2024, and the remaining shares will vest in quarterly installments through March 2027.
Eric Swider, director, sold 136,183 shares of DJT on Friday at $28.23 per share, or a total of $3.84 million in stock, according to his Form 4 filing. Swider disposed of all of his shares, but his company, Renatus Advisors, still owns 18,043 shares of Trump Media.
Benzinga reached out to Trump Media & Technology Group for comment on the stock sales.
Trump said the rumors were “fake, untrue, and probably illegal,” likely spread by market manipulators or short sellers. He emphasized, “I have no intention of selling.”
DJT Price Action: According to data from Benzinga Pro, Trump Media & Technology shares were down 3.84% at $27.82 late in Thursday’s trading session.
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