After the expiration of DJT lockup restrictions, Trump Media reaches a new 52-week low.

• On Friday morning, the stock price of Trump Media dropped over 7%, reaching a new 52-week low, just one day after the end of lockup restrictions.
• Currently, the lockup provision has restricted TMTG's majority shareholder, ex-President Donald Trump, and other initial investors from selling their shares.
• The acknowledgement of the company in regulatory filings that the end of the lockup could lead to significant sales of its stock has been made public.

On Friday morning, shares of sank more than 7%, reaching a new 52-week low, one day after "lockup" restrictions expired, allowing former President Donald Trump and other early investors to sell their shares.

On Friday morning, trading volume was higher than usual, but it may take several days for public filings to determine whether this was due to early investors selling shares or just a higher than average number of retail investors trading the stock.

The lockup agreement became effective when Trump Media went public in March, after merging with a blank-check company.

The acknowledgement of the company in regulatory filings that the conclusion of the lockup may result in significant sales of the company's stock, which is traded under the symbol "DJT," has been made public.

If the markets perceived a sell-off, even if insiders weren't involved, DJT's stock price might decrease.

This is a developing story, please check back for updates.

— CNBC's Kevin Breuninger contributed reporting.