[Form 4] Trump Media & Technology Group Corp. Insider Trading Activity

Rhea-AI Filing Summary

SEC Form 4 (08/06/2025) discloses insider activity at Trump Media & Technology Group Corp. (DJT) by CEO/Chairman Devin G. Nunes.

• Acquisition: 348,199 restricted stock units (RSUs) were granted at $0 cost. RSUs vest in three equal annual tranches and fully vest by 05/22/2028.
• Disposition: 60,475 shares were automatically withheld (code F) at a weighted-average $16.2054 to cover payroll taxes; no cash proceeds to Nunes.
• Post-transaction holding: Nunes now directly owns 1,436,429 DJT common shares.

No new derivative positions were reported and the filing indicates routine equity compensation rather than open-market trading. The net result is an increase in contingent ownership, modest share issuance dilution, and continued alignment of executive incentives with shareholder value.

Positive

• 348,199 RSUs granted to the CEO increase insider alignment and long-term incentive structure.
• CEO’s direct holdings rise to 1.44 M shares, reinforcing confidence in DJT’s prospects.

Negative

• 60,475 shares were disposed of (withheld) to satisfy taxes, causing slight dilution without cash inflow to the company.

Insights

Financial Analyst

TL;DR Routine RSU grant boosts CEO’s stake; tax-withholding sale is administrative—overall neutral for valuation, mildly positive for governance alignment.

The 348k RSU award materially increases Devin Nunes’ potential equity exposure, signalling confidence and aligning incentives through 2028. Because the 60k share sale was issuer-withheld for taxes (Form 4 code F), it should not be interpreted as bearish selling pressure. With direct ownership now at 1.44 M shares, insider ownership remains significant for a newly public company, supporting governance narratives but creating incremental dilution (~0.6% if shares outstanding ≈240 M). Absent open-market buying or selling, the transaction is neutral to near-term price yet modestly positive for long-term alignment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nunes Devin G.

(Last) (First) (Middle)

C/O TRUMP MEDIA & TECHNOLOGY GROUP CORP.

401 N. CATTLEMEN RD., SUITE 200

(Street)

SARASOTA FL 34232

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trump Media & Technology Group Corp. [ DJT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, President, Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share	08/06/2025		A		348,199(1)	A	$0	1,496,904(2)	D
Common Stock, par value $0.0001 per share	08/06/2025		F(3)		60,475	D	$16.2054(4)	1,436,429(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported are restricted stock units ("RSUs"), each of which represents the contingent right to receive one share of Trump Media & Technology Group Corp.'s (the "Issuer") common stock, par value $0.0001 per share (the "common stock"). Subject to the terms and conditions of the RSU award and the Issuer's 2024 Amended & Restated Equity Incentive Plan, the RSU award will vest in three (3) substantially equal annual installments and will be fully vested as of May 22, 2028.

2. Certain of the securities reported in Column 5 of Table I are RSUs. Each RSU represents a contingent right to receive one share of common stock, subject to the applicable vesting schedule and conditions of the applicable RSU award and the Issuer's Amended and Restated 2024 Equity Incentive Plan.

3. Reflects a transaction solely to cover the Issuer's withholding payments to applicable taxing authorities. No cash proceeds were received by the reporting person in connection with the disposition of securities disclosed in this row.

4. The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $15.975 to $16.460, 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.

	/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact	08/06/2025
	** Signature of Reporting Person	Date
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