Trump Media (DJT) Files Form 144 for 8.1K-Share Insider Sale

Rhea-AI Filing Summary

Trump Media & Technology Group Corp. (DJT) filed a Form 144 indicating a planned insider sale of 8,116 common shares through Charles Schwab on or about 08/06/2025. At the stated aggregate market value of $131,549, the implied price is roughly $16.21 per share. The filing lists 277,067,396 shares outstanding, so the proposed sale equals just ≈0.003 % of shares outstanding, suggesting de-minimis dilution risk.

The shares were acquired via an equity-compensation restricted-stock lapse on the same date as the planned sale, indicating the seller is monetising a recent stock-based award rather than divesting a long-held position. The filing also discloses a prior sale of 45,005 shares on 05/14/2025 for $1.22 million (≈0.016 % of shares outstanding) by the same individual, bringing total disclosed insider sales in the past three months to 53,121 shares.

No other financial metrics, guidance updates or corporate actions are included. Investors should view the notice primarily as routine liquidity from equity compensation rather than a signal of operational performance.

Positive

• None.

Negative

• Insider selling—total of 53,121 shares in three months, which some investors may view as a modest negative signal, though size is immaterial.

Insights

Financial Analyst

TL;DR: Small insider sale (0.003 %)—immaterial for valuation, neutral signal.

Size relative to DJT’s 277 M float is negligible, limiting supply impact. Proceeds imply $16.21 share price, below the $27.14 achieved in May’s prior sale, hinting at recent price softening but not offering definitive trend data. Since shares stem from freshly vested equity compensation, the transaction appears routine monetisation. Absent earnings data or strategic disclosures, the filing is not financially material.

Corporate Governance Expert

TL;DR: Insider liquidity event; governance concern low due to minimal size.

Rule 144 filings enhance transparency around insider trades. Here, disclosure is timely and complete, and the seller certifies no undisclosed adverse information. Concentration of recent sales (53,121 shares) is still well below aggregation thresholds that typically trigger governance red flags. I view impact on shareholder confidence as marginal, but continued monitoring of cumulative insider activity is prudent.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	8116	131549.00	277067396	08/06/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/06/2025	Restricted Stock Lapse - See Remarks	Trump Media & Technology Group Corp.			8116	08/06/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Phillip Juhan 401 N. CATTLEMEN RD. STE. 200 SARASOTA FL 34232	Trump Media & Technology Group Corp.	05/14/2025	45005	1222012.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many DJT shares are proposed for sale under this Form 144?

The filing covers 8,116 common shares of Trump Media & Technology Group Corp.

What is the value of the planned DJT insider sale?

Aggregate market value is $131,549, implying about $16.21 per share.

How large is the sale relative to DJT's shares outstanding?

At 0.003 % of the 277,067,396 shares outstanding, the sale is de-minimis.

Were there other insider sales recently?

Yes, 45,005 shares were sold on 05/14/2025 for $1.22 million, bringing three-month total to 53,121 shares.

Does the filing include any earnings or guidance updates?

No. The Form 144 solely discloses the proposed share sale and past insider transaction details.

What type of shares are being sold and how were they acquired?

They are common shares obtained through an equity-compensation restricted-stock lapse on 08/06/2025.