Donald Trump is about to become $1.3 billion richer. Here's why. [CBS News]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: CBS News
million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing For Trump to get the additional shares, which are on top of his current 57% ownership stake of 78 million shares, Trump Media needs to trade at or above $17.50 per share for any 20 trading days within a 30 trading day period. The stock, which trades under Trump's initials, DJT, is marking its 20th trading day on Tuesday, which means that Trump is likely to earn the bonus — as long as the stock doesn't plunge below $17.50 today. At yesterday's closing price of $35.50 per share, that values Trump's earnout at $1.3 billion. Still, Trump won't be able to cash out the new stock immediately. He and other Trump Media executives are largely restricted from selling their shares for roughly another five months. Such lockup periods, as they're known, are common with newly listed companies becaus
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DJT
News
- Hudson Bay, Morgan Stanley took positions in Trump social media firm in Q1 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Hudson Bay, Morgan Stanley took positions in Trump social media firm in Q1 [Yahoo! Finance]Yahoo! Finance
- Trump Media stock rises again, adding billions to former president's stake [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Trump Media Stock Rally Pushes Value of Trump’s Stake to $6 Billion [The New York Times]The New York Times
- Investor found guilty in Trump Media insider trading case [CBS News]CBS News
DJT
Sec Filings
- 5/15/24 - Form NT
- 5/15/24 - Form 8-K
- 5/10/24 - Form 8-K
- DJT's page on the SEC website