Trump Media (DJT) interim CEO uses 16,509 shares to cover tax withholding
Rhea-AI Filing Summary
Trump Media & Technology Group Corp. interim CEO Kevin McGurn reported a Form 4 transaction in which 16,509 shares of common stock were disposed of to cover withholding payments by the company to taxing authorities. The weighted average price was $8.3252 per share, with trades between $8.15 and $8.49. McGurn received no cash proceeds from this tax-withholding disposition and now holds 120,811 shares directly, including Restricted Stock Units subject to the company’s Amended and Restated 2024 Equity Incentive Plan.
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Insider Trade Summary
Net Seller: 16,509 shares
Net Sell
1 txn
Insider
McGurn Kevin
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share F1, F2, F3 | 16,509 | $8.3252 | $137K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 120,811 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $8.15 to $8.49, 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.
- F3. 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: 16,509 shares
Weighted average price: $8.3252 per share
Price range of dispositions: $8.15 to $8.49
+2 more
5 metrics
Shares disposed for tax withholding
16,509 shares
Disposition of common stock to cover withholding payments
Weighted average price
$8.3252 per share
Weighted average of prices for disposed shares
Price range of dispositions
$8.15 to $8.49
Range of prices for multiple transactions in the disposition
Shares held after transaction
120,811 shares
Direct holdings following the reported disposition
Par value per share
$0.0001
Par value of Trump Media & Technology Group common stock
Key Terms
Restricted Stock Units ("RSUs"), weighted average price, Amended and Restated 2024 Equity Incentive Plan
3 terms
Restricted Stock Units ("RSUs") financial
"Certain of the securities reported in Column 5 are Restricted Stock Units ("RSUs"), each of which represents"
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.
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.
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."
FAQ
What did DJT interim CEO Kevin McGurn report on this Form 4?
Kevin McGurn reported a disposition of 16,509 DJT shares of common stock. The shares were withheld to cover tax obligations, and he received no cash proceeds from this transaction.
What price range applied to Kevin McGurn’s DJT tax-withholding trades?
The reported per-share price is a weighted average of $8.3252. According to the footnote, the disposed shares were traded in multiple transactions at prices ranging from $8.15 to $8.49, inclusive.
Did Kevin McGurn receive cash from the DJT stock disposition reported?
No. The Form 4 states that McGurn received no cash proceeds. The transaction was solely to cover withholding payments made by Trump Media & Technology Group Corp. to taxing authorities.
What are the RSUs mentioned in Kevin McGurn’s DJT holdings?
Some of McGurn’s post-transaction holdings are Restricted Stock Units (RSUs). Each RSU represents a contingent right to one DJT share, subject to vesting conditions under the Amended and Restated 2024 Equity Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.