Trump transfers all his DJT shares to his revocable trust, SEC filings reveal.
- This week, regulatory filings showed that President-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary.
- According to a filing with the Securities and Exchange Commission, the Donald J. Trump Revocable Trust did not receive any money for the 114,750,000 shares gifted to it on Tuesday.
- The value of the transferred stock from Trump Media, which trades under the DJT ticker, exceeded $4 billion, with the company closing at $35.41 per share.
Regulatory filings disclosed on Thursday evening that President-elect Donald Trump transferred his entire stake of shares in a revocable trust of which he is the sole beneficiary.
According to a filing with the Securities and Exchange Commission, Trump did not receive any payment for the transfer of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday.
The value of the transferred stock of Trump Media, which trades under the DJT ticker, exceeded $4 billion on Thursday, as it closed at $35.41 per share.
Nearly 57% of the social media company's shares were owned by Trump, who was the largest individual shareholder and operated the Truth Social app.
This is a breaking news story. Please refresh for updates.
Politics
You might also like
- Walgreens is being sued by the DOJ for allegedly knowingly filling prescriptions without legitimate medical purposes.
- Trump unveils his White House economic policy team.
- The Trump inauguration will take place indoors due to extreme cold.
- Trump committee faces scrutiny from Democrats over fundraising practices.
- Trump and Xi hold talks on TikTok, trade, and fentanyl, president-elect states.