Trump Media interim CEO covers taxes with stock
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share F1, F2, F3 | 16,509 | $8.3252 | $137K |
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
Key Terms
Restricted Stock Units ("RSUs") financial
weighted average price financial
Amended and Restated 2024 Equity Incentive Plan financial
FAQ
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What did DJT interim CEO Kevin McGurn report on this Form 4?
What price range applied to Kevin McGurn’s DJT tax-withholding trades?
Did Kevin McGurn receive cash from the DJT stock disposition reported?
What are the RSUs mentioned in Kevin McGurn’s DJT holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.