Trump Media (DJT) Form 4: Director Swider Disposes 5,000 Shares

Rhea-AI Filing Summary

Eric Swider, a director of Trump Media & Technology Group Corp. (DJT), reported a sale of 5,000 shares of common stock on 08/29/2025 at a weighted average price of $17.6147. The filing states the shares were sold in multiple transactions at prices ranging from $17.6000 to $17.6350. After the reported sale, the reporting person beneficially owned 24,041 shares, which the filing notes include restricted stock units (RSUs) that vest subject to plan terms. The Form 4 was signed by an attorney-in-fact for the reporting person.

Positive

• Transaction disclosure provides a weighted average price and explicit price range, enhancing transparency
• Post-transaction ownership clearly states inclusion of RSUs, clarifying contingent holdings

Negative

• Director sold 5,000 shares, which may be viewed negatively by some investors even though no further context is provided

Insights

Securities Analyst

TL;DR: Director Eric Swider sold 5,000 DJT shares at ~$17.61; remaining beneficial ownership is 24,041 shares including RSUs.

The transaction is a straightforward Section 16 disclosure of an open-market sale executed on 08/29/2025. The filing provides execution details including a weighted average price and a disclosed price range for constituent trades, which supports transparency on pricing. The remaining beneficial ownership figure explicitly includes RSUs, indicating some holdings are contingent on vesting. There is no additional financial or operational information in the filing to assess company performance.

Corporate Governance Expert

TL;DR: This Form 4 documents a routine director sale with RSUs included in reported holdings; signature by attorney-in-fact is noted.

The Form 4 meets disclosure requirements by identifying the reporting person as a director, specifying the transaction date, the number of shares sold, the weighted average price, and the post-transaction beneficial ownership. The inclusion of RSUs in the ownership total is clearly stated, which is important for assessing actual voting and economic rights. The filing does not indicate any related-party arrangements or plan-based transactions beyond the RSU disclosure.

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
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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^*

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)
08/29/2025

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	08/29/2025		S		5,000	D	$17.6147(1)(2)	24,041(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 price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to Trump Media & Technology Group Corp. (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 set forth in footnote (2) to this Form 4.

2. These shares were sold in multiple transactions at prices ranging from $17.6000 to $17.6350, inclusive.

3. Certain of the securities reported in Column 5 of Table I are restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of common stock, subject to the applicable vesting schedule and conditions of the applicable RSU award and the Issuer's Amended and Restated 2024 Equity Incentive Plan.

	/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact	08/29/2025
	** 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 Form 4 for DJT?

The filing reports a sale of 5,000 shares of Trump Media & Technology Group Corp. (DJT) on 08/29/2025.

At what price were the DJT shares sold according to the Form 4?

The sale was reported at a weighted average price of $17.6147, with individual trade prices ranging from $17.6000 to $17.6350.

How many DJT shares did the reporting person own after the transaction?

After the transaction the reporting person beneficially owned 24,041 shares, which the filing states include restricted stock units (RSUs).

What is the reporting person’s relationship to DJT?

The Form 4 identifies the reporting person, Eric Swider, as a Director of Trump Media & Technology Group Corp.

Who signed the Form 4?

The Form 4 was signed by Nelson Mullins Riley & Scarborough LLP as attorney-in-fact on 08/29/2025.