Trump Media (DJT) counsel logs 9,044-share tax withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trump Media & Technology Group Corp. General Counsel and Secretary Scott Glabe reported a tax-withholding disposition of 9,044 shares of common stock at a weighted average price of $10.8846 per share.
The shares were withheld to cover payments by the company to taxing authorities, and Glabe received no cash proceeds. The disposition occurred in multiple trades between $10.76 and $11.05 per share. Following this transaction, he directly held 317,192 shares, some of which are Restricted Stock Units subject to vesting conditions under the company’s 2024 equity incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glabe Scott
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share | 9,044 | $10.8846 | $98K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 317,192 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 $11.05, 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’s Scott Glabe report on this Form 4?
Scott Glabe reported a tax-withholding disposition of 9,044 DJT common shares. The shares were withheld by Trump Media & Technology Group Corp. to satisfy tax obligations, rather than sold in an open-market transaction, and Glabe did not receive any cash proceeds from this disposition.