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

Trump transfers all his DJT shares to his revocable trust, SEC filings show

by December 20, 2024
written by December 20, 2024

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening.

Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission.

Because Trump is the beneficiary of the trust, he now “indirectly” owns the Trump Media shares he transferred, the SEC filing noted.

The president-elect’s son, Donald Trump Jr., is the sole trustee of the trust, and has sole voting and investment power over securities held by the entity, according to a separate SEC filing Thursday.

Trump Media, which trades under the DJT ticker, closed at $35.41 per share Thursday, making the value of the transferred stock more than $4 billion.

Trump, who is set to be sworn in as president for a second non-consecutive term on Jan. 20, had been the largest individual shareholder in the social media company, which operates the Truth Social app. His stake represented nearly 53% of the company’s outstanding shares.

CNBC has requested comment on the transfer from spokespeople for Trump and for Trump Media.

The SEC filing on Thursday said that after the Trump transferred his shares, he “directly owned 0 shares of Trump Media & Technology Group Corp. and indirectly owned 114,750,000 shares of Trump Media & Technology Group Corp.”

“The reporting person [Trump] is the settlor and sole beneficiary of the Trust,” the filing said.

The type of transfer Trump used this week is not new for the president-elect, although the dollar value of his shares outpaces the value of any assets he previously moved.

Before his first inauguration as president in 2017, Trump made similar transfers to the same revocable trust.

At that time, Trump transferred various real estate holdings, assets and liabilities to the trust, according to reports produced by Mazars, which then was his accounting firm.

He also made transfers to the trust in February 2016, when he was campaigning for president.

Trump has not held an executive position in Trump Media, whose shares began public trading earlier this year after the then-privately held company merged with a public company, Digital World Acquisition Corp.

Trump has nominated two Trump Media’s board members to high-level positions in his administration.

Trump tapped former pro-wrestling mogul Linda McMahon as his pick for education secretary, and Kash Patel, a former Trump White House official, to become the next FBI director.

Trump also recently named Trump Media CEO Devin Nunes to chair the President’s Intelligence Advisory Board.

That position does not require Senate confirmation.

Trump has said that Nunes, who previously represented a California district in the House of Representatives, will remain CEO of Trump Media.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Top Senate Dems pour cold water on latest GOP spending bill plans: ‘Ready to stay’ through Christmas
next post
Starbucks union announces strike to last through Christmas Eve in 3 major cities

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

  • Trump’s victory could give boost to Brazil’s Bolsonaro’s re-election hopes amid court ban on him running

    January 10, 2025
  • Trump returns to Europe for the 1st time following election win for Notre Dame’s reopening

    December 6, 2024
  • VP Harris releasing detailed medical report, challenging Trump to do the same

    October 12, 2024
  • Investors pitch new international basketball league that would offer players equity

    January 17, 2025
  • ChatGPT for Trading: Tips & Tricks

    August 6, 2024

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 (6,503)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Biden says selecting Harris as running mate was ‘best decision I made’ after VP’s concession speech

    November 7, 2024
  • RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

    August 5, 2025
  • Trump reportedly plans to unleash around 100 executive orders after taking office

    January 11, 2025

Recent Posts

  • Schumer coins ‘Trump shutdown,’ slamming GOP amid spending fight

    September 19, 2024
  • As Iran talks get underway, expert raises alarm over lack of plan to secure nuclear material

    June 20, 2025
  • Schumer ‘forcefully’ told Biden he should drop his re-election bid: Report

    July 18, 2024

Editor’s Pick

  • North Korea vows to expand nuclear forces, blasts US for ‘outdated’ denuclearization plan

    February 18, 2025
  • Harris literally threw ‘JOE BIDEN WON’ talking points on table after disastrous debate: ‘Are you kidding me?’

    September 26, 2025
  • Kamala Harris’ tough words on Iran confounds critics

    October 8, 2024
  • 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