Trump Media (DJT) general counsel transfers 12,965 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trump Media & Technology Group Corp.’s general counsel and secretary, Scott Glabe, reported a tax-related share disposition. On May 13, 2026, he transferred 12,965 shares of common stock at a weighted average price of $8.7527 per share to cover withholding payments by the company to taxing authorities, and he received no cash proceeds. Following this transaction, he directly held 304,227 shares of common stock, a figure that includes Restricted Stock Units that each represent the right to receive one share subject to vesting conditions under the company’s Amended and Restated 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 | 12,965 | $8.7527 | $113K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 304,227 shares (Direct, null)
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 $8.5700 to $9.0300, 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.
Key Figures
Shares disposed for tax withholding: 12,965 shares
Weighted average disposal price: $8.7527 per share
Shares held after transaction: 304,227 shares
+1 more
4 metrics
Shares disposed for tax withholding
12,965 shares
Tax-withholding disposition on May 13, 2026
Weighted average disposal price
$8.7527 per share
Multiple trades between $8.57 and $9.03
Shares held after transaction
304,227 shares
Direct holdings following tax-withholding disposition
Tax-withholding share count
12,965 shares
Summary taxWithholdingShares in transaction data
Key Terms
tax-withholding disposition, weighted average price, Restricted Stock Units ("RSUs"), Amended and Restated 2024 Equity Incentive Plan
4 terms
tax-withholding disposition financial
"Reflects a transaction solely to cover withholding payments by Trump Media & Technology Group Corp."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Restricted Stock Units ("RSUs") financial
"Certain of the securities reported in Column 5 are Restricted Stock Units ("RSUs"), each of which represents the contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated 2024 Equity Incentive Plan financial
"subject to the conditions of the applicable RSU award ... and the Issuer's Amended and Restated 2024 Equity Incentive Plan."