Trump Media (DJT) CEO covers tax obligations by disposing shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trump Media & Technology Group Corp. CEO, President and Chairman Devin G. Nunes reported a tax-related share disposition. On March 4, he disposed of 47,125 shares of common stock to cover withholding payments owed by the company to taxing authorities, with no cash proceeds to him. The weighted average price was $10.8895 per share, based on multiple trades between $10.750 and $11.055. After this transaction, Nunes reported holding 1,327,246 shares directly, some of which are Restricted Stock Units that convert into common stock only if vesting and other plan conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nunes Devin G.
Role
CEO, President, Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share | 47,125 | $10.8895 | $513K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 1,327,246 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 $10.750 to $11.055, 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 Devin Nunes report for Trump Media (DJT)?
Devin Nunes reported a tax-withholding disposition of 47,125 Trump Media shares. The shares were used to satisfy withholding obligations owed by the company to tax authorities, meaning Nunes did not receive cash from this transaction.
What do the Restricted Stock Units reported by Devin Nunes at Trump Media (DJT) represent?
The reported Restricted Stock Units (RSUs) each represent a contingent right to receive one share of Trump Media common stock. They are subject to the RSU award’s conditions, including vesting, under the company’s Amended and Restated 2024 Equity Incentive Plan.
How was the weighted average price for Devin Nunes’ Trump Media (DJT) disposition calculated?
The filing states the reported price is a weighted average. Shares were disposed in multiple trades at prices ranging from $10.750 to $11.055. Full per-trade details are available from the reporting person upon request.