Trump Media (DJT) Insider Sale: 30,016 Shares Disposed, RSU Holdings Remain
Rhea-AI Filing Summary
The Form 4 filed by Glabe Scott, listed as General Counsel and Secretary and a director, reports a sale of common stock. Table I shows a sale on 09/11/2024 of 30,016 shares at a weighted average price of $16.9791, with reported trade prices ranging from $16.8550 to $17.0800. After the reported transaction the filing shows beneficial ownership of 338,732 restricted stock units (RSUs), each representing a contingent right to one share subject to vesting and plan conditions. The form is signed by an attorney-in-fact on 09/11/2025. No derivative transactions or exercise details are reported.
Positive
- None.
Negative
- The reporting person disposed of 30,016 shares, a material sale explicitly reported on the Form 4.
- The filing shows a discrepancy in date fields: Table I transaction date 09/11/2024 versus earliest transaction field 09/11/2025 as presented in the document.
Insights
TL;DR Insider sale of 30,016 shares at about $16.98; beneficial RSU holdings remain material but no derivative activity disclosed.
The sale of 30,016 shares at a weighted average price of $16.9791 is explicitly reported and accompanied by a price range of $16.8550 to $17.0800. The reporting person still holds 338,732 RSUs, which are contingent on vesting and plan conditions. There are no option exercises, grants, or derivative instruments disclosed on this Form 4. The filing provides transaction-level pricing detail via a weighted average and a disclosed range but does not break out per-trade quantities in the table itself.
TL;DR Form 4 shows routine insider disposition with continued RSU exposure; filing appears compliant but has timing entries to note.
The disclosure lists the reporting person as an officer and director and documents the disposition pursuant to Section 16 reporting requirements. The presence of substantial RSU holdings indicates continued alignment with equity incentives. The form is executed by an attorney-in-fact; the document includes both a transaction date in Table I and a separate earliest-transaction field with differing years, which are reported exactly as presented in the filing.