Trump Media (DJT) Form 4: Equity grant to General Counsel Scott Glabe

Rhea-AI Filing Summary

Form 4 – Trump Media & Technology Group Corp. (DJT) reports insider activity by General Counsel & Secretary Scott Glabe on 08/06/2025.

• Equity grant: 142,396 restricted stock units (RSUs) acquired at $0 cost. The award vests in three equal annual instalments and will be fully vested by 05/22/2028.
• Tax-withholding sale: 13,151 common shares disposed at a weighted-average price of $16.1998 (range $15.985–$16.460) solely to satisfy payroll-tax obligations; no cash proceeds were retained.
• Post-transaction holdings: 368,748 common shares held directly; total reported interests, including unvested RSUs, equal 381,899 shares.

The multi-year RSU grant increases Glabe’s long-term equity exposure, aligning incentives with shareholders, while the relatively small sale is routine and non-discretionary. Overall impact on DJT’s share count is immaterial given the company’s broader float.

Positive

• Long-term incentive: 142,396 RSUs granted, vesting through 2028, aligning executive interests with shareholder value.

Negative

• Future dilution: RSU grant will add shares to the float once vested.
• Share disposal: 13,151 shares sold, marginally increasing market supply, though for tax purposes.

Insights

Equity Research Analyst

TL;DR: Routine insider award; minimal dilution, neutral near-term market impact.

The 142k-share RSU grant adds less than 0.5 % to DJT’s outstanding stock (exact float not disclosed here) and vests over three years, spreading any dilution. The 13k-share sale—roughly 3.5 % of Glabe’s holdings—was automatic for tax withholding, signalling no discretionary liquidation. Insider retains a sizable 369k-share stake, reinforcing confidence. With no cash proceeds, balance-sheet effects are nil. I classify the filing as neutral for valuation and liquidity.

Corporate Governance Specialist

TL;DR: Grant strengthens executive alignment; governance risk unchanged.

Staggered RSU vesting to 2028 encourages retention and long-term focus, consistent with best-practice incentive design. The mandatory tax sale is transparent, and the disclosure notes weighted-average pricing, supporting compliance with SEC guidance. No 10b5-1 plan is invoked, but no red flags emerge. Impact on governance profile is neutral-to-slightly positive; therefore, I assign a 0 rating.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Glabe Scott

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

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		142,396(1)	A	$0	381,899(2)	D
Common Stock, par value $0.0001 per share	08/06/2025		F(3)		13,151	D	$16.1998(4)	368,748(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 $15.985 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
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many DJT shares did Scott Glabe acquire?

142,396 restricted stock units were granted at no cost on 08/06/2025.

What price were DJT shares sold for taxes?

13,151 shares were disposed at a $16.1998 weighted-average price (range $15.985–$16.460).

What is the vesting schedule for the RSUs?

The RSUs vest in three substantially equal annual installments and are fully vested by 05/22/2028.

How many DJT shares does the insider own after the transaction?

Scott Glabe directly holds 368,748 common shares, plus unvested RSUs reported.

Was this a discretionary sale by the insider?

No. The sale covered withholding taxes; the insider received no cash proceeds.