[Form 4] PSQ Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Donald Trump Jr., Director of PSQ Holdings (PSQH), received a grant of 71,429 restricted stock units (RSUs) on June 18, 2025. Following this transaction, Trump Jr. beneficially owns a total of 697,403 shares directly.

The newly granted RSUs will vest in full on June 18, 2026, subject to continuous service requirements. Additionally, the filing discloses previously granted 74,627 RSUs that are scheduled to vest on December 6, 2025.

Key details of the transaction:

• Transaction Code: A (Acquisition)
• Acquisition Price: $0
• Form of Ownership: Direct
• All RSUs are subject to vesting conditions under the company's 2023 Stock Incentive Plan

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

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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^*

Trump Donald J. JR

(Last) (First) (Middle)

C/O PSQ HOLDINGS, INC.

313 DATURA STREET, SUITE 200

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PSQ Holdings, Inc. [ PSQH ]

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)
06/18/2025

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
Class A Common Stock, par value $0.0001 per share	06/18/2025		A		71,429	A	$0	697,403(1)	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. 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 Class A common stock, par value $0.0001 per share, subject to the applicable vesting schedule and conditions of the applicable RSU award and the Issuer's 2023 Stock Incentive Plan. 74,627 RSUs included in Column 5 of Table I vest in full on December 6, 2025 and 71,429 RSUs included in Column 5 of Table I vest in full on June 18, 2026, subject to the reporting person's continuous service to the Issuer.

	/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact	06/23/2025
	** 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

How many shares of PSQH stock did Donald Trump Jr. acquire on June 18, 2025?

According to the Form 4 filing, Donald Trump Jr. acquired 71,429 restricted stock units (RSUs) of PSQH Class A Common Stock on June 18, 2025. These RSUs vest in full on June 18, 2026, subject to his continuous service to the company.

What is Donald Trump Jr.'s total PSQH stock ownership after the June 18, 2025 transaction?

Following the reported transaction, Donald Trump Jr. beneficially owns 697,403 shares of PSQH Class A Common Stock directly (Form D). This includes both vested shares and restricted stock units (RSUs).

When do Donald Trump Jr.'s PSQH restricted stock units (RSUs) vest?

Donald Trump Jr.'s PSQH RSUs have two vesting schedules: 74,627 RSUs vest in full on December 6, 2025, and the newly acquired 71,429 RSUs vest in full on June 18, 2026. Both are subject to his continuous service to the company.

What is Donald Trump Jr.'s role at PSQH?

According to the Form 4 filing, Donald Trump Jr. serves as a Director of PSQ Holdings, Inc. (PSQH). This is indicated by the 'X' marked in the Director box under Section 5 of the form.

What was the purchase price for PSQH shares acquired by Donald Trump Jr. on June 18, 2025?

The Form 4 indicates that the RSUs were acquired at a price of $0 per share. This is typical for RSU grants, which are generally awarded as part of executive compensation rather than purchased.