Donald Trump Transfers $4 Billion Stake in Trump Media and Technology Group to Revocable Trust [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
entire stake in the company to a revocable trust in which he is the sole beneficiary. According to an SEC filing disclosing the transfer, Trump now indirectly owns 114.75 million shares, or 53% of its total 216,924,448 outstanding shares. The trust was established in 2014, with the transfer taking place on Tuesday. His son, Donald Trump Jr., is the sole trustee of the trust and has sole voting and investment power over securities held by the entity, a separate filing noted. While TMTG wasn't founded until February 2021, Trump had previously made other transfers into the same account in February 2016 and early 2017. Shares of Trump Media and Technology Group, which trade under the ticker symbol DJT, closed at $35.41 per share on Thursday, making the transferred stock worth around $4 billion. The stock is trading Friday morning at $35.06 apiece, up 31% in the past six months, 100% year to date and 101% in the past year. Its market capitalization sits at $7.6 billion. The move ca
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DJT
News
- Trump is surrounding himself with a tight-knit group of right-wing tech barons [MSNBC.com]MSNBC.com
- Trump's net worth rose by billions this year despite legal challenges and wild stock market. Here's what it is now. [Yahoo! Finance]Yahoo! Finance
- Trump's Net Worth Rose $3.6 Billion This Year—Despite Wild Fluctuations In His Wealth [Forbes]Forbes
- Trump transfers almost $4 billion of his Truth Social parent company shares to a trust in surprise move [FOX Business Network]FOX Business Network
- Nvidia stock slumps, the Dow's losing streak, and Social Security's big changes: Markets news roundup [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- 11/19/24 - Form 8-K
- DJT's page on the SEC website