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

Rhea-AI Filing Summary

Robert Lighthizer, a director of Trump Media & Technology Group Corp. (DJT), received 11,552 restricted stock units (RSUs) reported on 08/22/2025. The filing shows 25% of the RSUs vested at grant for services from March 25, 2025 to June 25, 2025, and the remaining 75% will vest in three substantially equal quarterly installments beginning September 25, 2025 and ending March 25, 2026. Each RSU represents a contingent right to one share of common stock, subject to the RSU agreement and the companys 2024 Amended & Restated Equity Incentive Plan. After the transaction, the reporting person beneficially owned 37,498 shares (including RSUs subject to vesting).

Positive

• Receipt of 11,552 RSUs increases reported ownership, demonstrating management alignment with equity incentives
• 25% vested at grant for services March 25, 2025 to June 25, 2025, providing immediate partial ownership interest
• Total beneficial ownership reported of 37,498 shares after the transaction, inclusive of RSUs

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received an equity-based compensation award of 11,552 RSUs that increases reported beneficial ownership to 37,498 shares, subject to vesting.

The Form 4 discloses a non-cash award of 11,552 RSUs granted to a director, reported as acquired on 08/22/2025 at no cash price. One-quarter vested immediately as consideration for prior service through June 25, 2025; the remainder vests in three quarterly installments from September 25, 2025 through March 25, 2026, and settlement is governed by the RSU award agreement and the issuers 2024 Equity Incentive Plan. The increase in beneficial ownership to 37,498 shares is largely driven by these RSUs; however, the economic interest remains contingent on future vesting and settlement terms explicitly stated in the filing.

Corporate Governance Expert

TL;DR: This is a routine director equity award with a standard vesting schedule; it documents compensation tied to continued service rather than an open-market purchase.

The filing is a standard Section 16 disclosure reflecting equity compensation rather than a market transaction. The RSU structure25% vested at grant and 75% in three quarterly installmentsties shares to continued service and the companys equity plan. The Form 4 is properly signed by an attorney-in-fact and provides the vesting timeline and plan reference, enabling investors to track when shares may convert to common stock per the award agreement terms stated in the filing.

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

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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^*

Lighthizer Robert

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		A		11,552(1)(2)	A	$0	37,498(3)	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").

2. The RSU award will vest as follows: twenty-five percent (25%) of the total number of shares of common stock underlying the RSUs vested on the date of grant as consideration for services provided by the reporting person to the Issuer from March 25, 2025, to June 25, 2025; subject to the reporting person's continued service to the Issuer, the remaining seventy-five percent (75%) of the total number of shares of common stock underlying the RSUs shall vest in three (3) substantially equal quarterly installments beginning September 25, 2025, and ending March 25, 2026. Settlement and delivery of common stock following vesting of each installment is subject to the terms and conditions of the RSU award agreement and the Issuer's 2024 Amended & Restated Equity Incentive Plan.

3. 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 each RSU award agreement and the Issuer's 2024 Amended & Restated Equity Incentive Plan.

	/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact	08/22/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Robert Lighthizer report on Form 4 for DJT?

He reported acquisition of 11,552 RSUs on 08/22/2025, increasing his beneficial ownership to 37,498 shares (including RSUs).

How do the RSUs awarded to the director vest?

25% vested at grant for services from March 25, 2025 to June 25, 2025; the remaining 75% vests in three equal quarterly installments from September 25, 2025 to March 25, 2026.

Do the RSUs convert immediately to shares of DJT common stock?

No. Each RSU represents a contingent right to one share, and settlement and delivery following vesting are subject to the RSU award agreement and the Issuers 2024 Amended & Restated Equity Incentive Plan.

What is the reported transaction date on the Form 4?

08/22/2025 is listed as the date of the earliest transaction.

Who signed the Form 4 filing?

/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact signed the filing on 08/22/2025.