DJT Form 4: Eric Swider Receives 11,552 RSUs, 29,041 Shares Beneficially Owned
Rhea-AI Filing Summary
Eric Swider, a director of Trump Media & Technology Group Corp. (DJT), was granted restricted stock units (RSUs) on 08/22/2025. The Form 4 reports an award of 11,552 RSUs, each representing the contingent right to one share of common stock, with a $0 per-share reported price. Following the reported transaction, the reporting person beneficially owned 29,041 shares (including RSUs). Twenty-five percent of the RSUs vested on the grant date as consideration for services from March 25, 2025 to June 25, 2025; the remaining 75% vests in three substantially equal quarterly installments beginning September 25, 2025 and ending March 25, 2026. Settlement is subject to the RSU award agreement and the issuer's 2024 Amended & Restated Equity Incentive Plan. The Form 4 is signed by Nelson Mullins Riley & Scarborough LLP as attorney-in-fact on 08/22/2025.
Positive
- 11,552 RSUs granted to Reporting Person, each representing a contingent right to one share of common stock
- 25% of the award vested on grant as consideration for services from March 25, 2025 to June 25, 2025
- Remaining 75% vests in three equal quarterly installments beginning September 25, 2025 and ending March 25, 2026
- Post-transaction beneficial ownership reported as 29,041 shares
- Grant governed by the RSU award agreement and the Issuer's 2024 Amended & Restated Equity Incentive Plan
Negative
- None.
Insights
TL;DR: Routine equity compensation grant; increases insider alignment without immediate cash impact.
The filing documents an equity award of 11,552 RSUs to Director Eric Swider, which will convert to common shares subject to vesting and plan terms. The initial 25% vesting occurred on grant as compensation for services rendered between March 25 and June 25, 2025; the balance vests in three quarterly installments from September 25, 2025 through March 25, 2026. The reported post-transaction beneficial ownership is 29,041 shares. For investors, this is a standard executive compensation disclosure showing share-based pay tied to continued service and plan provisions; the filing itself does not report cash flows, option exercise prices, or sale activity.
TL;DR: Form 4 reflects standard RSU award with time-based vesting and formal plan governance.
The disclosure clarifies that the granted instruments are restricted stock units convertible into one share each, governed by an RSU award agreement and the issuer's 2024 Equity Incentive Plan. The staggered vesting schedule—25% vested at grant for prior services and 75% over three future quarterly installments—ties equity to continued service. The Form 4 is properly executed by an attorney-in-fact. No departures from typical governance or control disclosures are apparent within this submission.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 11,552 | $0.00 | -- |
Footnotes (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"). 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. 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.
