Millions of dollars worth of DJT stock are sold by Trump Media CFO and two other insiders.

• Nearly $12 million worth of stock in Trump Media, the company that operates the Truth Social app, was recently sold by Phillip Juhan, its chief financial officer.
• Additionally, two other corporate insiders, general counsel Glabe Scott and director Eric Swider, also disposed of shares of DJT.
• Trump Media's majority owner is President-elect Donald Trump.

According to new disclosures, more than $16 million worth of company stock was sold by the chief financial officer of and two other corporate insiders in the week following the presidential election.

CFO Phillip Juhan sold most of the stock by adopting a trading plan in August that revealed his intention to sell 400,000 DJT shares by December 2025.

On Nov. 5, when Donald Trump was elected president, Eric Swider, Trump Media director, and Glabe Scott, the company's general counsel, both sold fewer shares of the company they own.

Despite reporting revenue of just over $1 million in the third quarter, Trump Media's market capitalization is valued at $6.3 billion.

Since the company's stock went public in late March, its share price has experienced significant fluctuations, resulting in a $19.2 million loss for the quarter.

Compared to other social media apps, Truth Social's daily active user rate is very low.

On Nov. 6, the day after Election Day, Truth Social had approximately 200,000 daily active users, while X had 36.7 million users, Threads had 4.7 million users, and Bluesky had about 1 million users.

On Friday, Juhan, who is also Trump Media's treasurer, sold 320,000 shares at $30.65 per share, totaling $9.8 million worth of stock, according to a Form 4 filing with the Securities and Exchange Commission.

On Monday, Juhan sold 64,000 shares at $32.97 per share, totaling $2.11 million, according to the filing.

According to the filing, Juhan still had 265,798 shares of DJT after the second sale, with approximately 20,000 of those shares being restricted stock units that were awarded on Nov. 5, Election Day, and cannot be immediately sold.

A quarter of the awarded stock will vest and become sellable on December 25, according to a filing, while the remaining shares will vest in quarterly installments until March 2027.

According to his new Form 4 filing, Swider sold 136,183 shares of DJT on Friday at $28.23 per share, totaling $3.84 million in value.

Renatus Advisors, a company controlled by Swider, still owns 18,043 shares of Trump Media after the sale of all Trump Media shares.

On Friday, the general counsel, Scott, sold 15,917 shares at $32.19 per share, totaling $512,368, as shown in a filing.

Despite selling some of his restricted stock units, Scott, who is also the company's secretary, still retains 336,576 RSUs in Trump Media, which were awarded to him on Nov. 5 and will vest according to the same schedule as Juhan's RSUs.

On the same day that Juhan and Scott received RSUs, Devin Nunes, CEO of Trump Media, received 1.3 million RSUs, which were worth nearly $38 million on paper as of Wednesday.

The vesting schedules for Nunes' RSUs are the same as those for Juhan and Scott's RSUs.

A spokesperson for Trump Media did not promptly provide a comment on the stock sales.