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

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

Financial Analyst

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.

Corporate Governance Expert

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.

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
Estimated average burden
hours per response:			0.5

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^*

Swider Eric

(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	29,041(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 Eric Swider report on the Form 4 for DJT?

The Form 4 reports a grant of 11,552 RSUs to Eric Swider on 08/22/2025, and a post-transaction beneficial ownership of 29,041 shares.

What is the vesting schedule for the RSUs reported on DJT Form 4?

The RSUs vested 25% on grant for services from March 25, 2025 to June 25, 2025; the remaining 75% vests in three substantially equal quarterly installments

Do the RSUs convert into common stock for DJT?

Yes. Each RSU represents the contingent right to receive one share of common stock, subject to the award agreement and the 2024 Equity Incentive Plan.

Was there a cash price reported for the RSU transaction on DJT Form 4?

The Form 4 reports a $0 price for the RSU transaction, reflecting that RSUs are equity awards rather than open-market purchases.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Nelson Mullins Riley & Scarborough LLP as attorney-in-fact on 08/22/2025.