• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

by November 15, 2024
written by November 15, 2024

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures.

Most of the stock was sold by CFO Phillip Juhan, who in August adopted a trading plan that revealed his intention to sell 400,000 DJT shares by December 2025.

Trump Media director Eric Swider and Scott Glabe, the company’s general counsel, each sold fewer shares of 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 reporting revenue of slightly more than just $1 million in the third quarter of this year.

The company, whose share price has dramatically fluctuated since the stock became publicly traded in late March, reported losses of $19.2 million for the quarter.

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

Similarweb, a digital intelligence platform, reported that Truth Social had about 200,000 daily active users on Nov. 6, the day after Election Day. By contrast, the social media site X had 36.7 million users that day, Threads had 4.7 million users and Bluesky had about one million users.

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

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

After the second sale, Juhan still had 265,798 shares of DJT, according to the filing. All but about 20,000 of those shares are restricted stock units, which were awarded to him on Nov. 5, Election Day, and which cannot be immediately sold.

One-quarter of that awarded stock will vest, and become eligible for sale, on Dec. 25, a filing showed. The remaining shares will vest in quarterly installments through March 2027.

Swider sold 136,183 shares of DJT on Friday at $28.23 per share, for a total of $3.84 million worth, according to his new Form 4 filing.

The sale disposed of all of Swider’s Trump Media shares, the filing indicated. Swider controls a company, Renatus Advisors, that still owns 18,043 shares of Trump Media.

Glabe, the general counsel, on Friday sold 15,917 shares for $32.19 per share, or a total of $512,368, a filing shows.

Glabe, who is also the company’s secretary, still owns 336,576 restricted stock units in Trump Media after that sale. That stock was awarded to him on Nov. 5, and will vest according to the same schedule as Juhan’s RSUs.

On the same day that Juhan and Scott received the RSUs, Trump Media CEO Devin Nunes received 1.3 million RSUs, which as of Wednesday were worth nearly $38 million on paper.

Nunes’ RSUs are subject to the same vesting schedules as those owned by Juhan and Scott.

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

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
The three mountains in the way of any Democrat comeback
next post
Alibaba Stock Rises 5% in Premarket

related articles

Customers sue sneaker company On over shoes that...

October 20, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 17, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 15, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

China outlines more controls on exports of rare...

October 10, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Wall Street sentiment sours as Dow plummets over 700 points on recession fears

    August 2, 2024
  • Google loses antitrust case over search

    August 7, 2024
  • Trading Economics: Understanding the Financial Markets 

    July 24, 2024
  • Senate GOP tees up confirmation hearing blitz in effort to meet ambitious Trump targets

    January 13, 2025
  • Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

    July 8, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,506)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Israel recovers 6 dead hostages in ‘complex rescue operation,’ says bodies held under humanitarian area

    August 20, 2024
  • USDCHF and USDJPY: USDJPY is falling below last week’s low

    September 6, 2024
  • ApeCoin and Akita Inu: ApeCoin returns to weekly open price

    August 15, 2024

Recent Posts

  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024
  • US voters agree Biden made correct decision by dropping out of race: poll

    July 26, 2024
  • Can Trump force Hamas to free the hostages they’re holding?

    December 18, 2024

Editor’s Pick

  • Trump issues ‘last warning’ to Hamas terrorists, demands release of hostages: ‘HELL TO PAY’

    March 6, 2025
  • DAVID MARCUS: Why Teamsters members think Trump, not Harris, is the real friend of the working man

    September 18, 2024
  • New Russiagate evidence ‘directly’ points to Obama, DOJ will decide ‘criminal implications’: Gabbard

    July 23, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock