DJT CTO Vladimir Novachki disposes shares for tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trump Media & Technology Group Corp.'s Chief Technology Officer, Vladimir Novachki, reported a tax-related share disposition. On the reported date, 11,277 shares of common stock were disposed of at a weighted average price of $10.885 per share solely to cover withholding payments the company owed to taxing authorities, so the insider received no cash proceeds. The filing notes the transactions occurred in multiple trades between $10.76 and $11.045 per share. After this withholding transaction, Novachki’s directly held and RSU‑linked holdings totaled 606,338 shares, including restricted stock units that each represent a contingent right to receive one common share subject to vesting and plan conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novachki Vladimir
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share | 11,277 | $10.885 | $123K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 606,338 shares (Direct)
Footnotes (1)
- Reflects a transaction solely to cover withholding payments by Trump Media & Technology Group Corp. ("the Issuer") to applicable taxing authorities. No cash proceeds were received by the reporting person in connection with the disposition of securities disclosed in this row. The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $10.76 to $11.045, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the range. Certain of the securities reported in Column 5 are Restricted Stock Units ("RSUs"), each of which represents the contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share, subject to the conditions of the applicable RSU award (including the vesting schedule set forth therein) and the Issuer's Amended and Restated 2024 Equity Incentive Plan.
FAQ
What insider transaction did DJT executive Vladimir Novachki report on this Form 4?
Vladimir Novachki reported a tax-withholding disposition of 11,277 DJT common shares. The shares were used to satisfy withholding obligations owed by the company to taxing authorities, rather than being sold for his own cash proceeds.
What are the restricted stock units (RSUs) mentioned in Vladimir Novachki’s DJT holdings?
Certain securities in Novachki’s 606,338 reported DJT holdings are RSUs. Each RSU represents a contingent right to receive one DJT common share, subject to the vesting schedule in the applicable award and the company’s Amended and Restated 2024 Equity Incentive Plan.