Form 4 Disclosure Required for Trump Media & Technology Insiders
- Trump Media & Technology Group Corp.’s stock fell Monday ahead of a two-day filing deadline for insiders to disclose sales of shares in the parent company of Donald Trump’s Truth Social platform.
- Shares of DJT dropped 5% to $12.81, its lowest share price since going public in March through a merger with Digital World Acquisition Corp.
- A six-month lockup on shares sold by company insiders expired on Friday.
- Insiders have two business days to file a Form 4 disclosure after selling stock.
- Donald Trump is the largest shareholder in Trump Media, with 114.75 million shares (57% of outstanding stock).
- Trump’s stake in the company is worth about $1.48 billion based on current trading price.
Trump Media & Technology Group Corp.’s stock, also known as DJT, experienced a decline on Monday due to the upcoming deadline for insiders to disclose any sales of shares in the company behind former President Donald Trump’s Truth Social platform. The stock dropped by 5% to $12.81, its lowest since going public in March through a merger with Digital World Acquisition Corp. A six-month lockup period on insider share sales expired last Friday, meaning that those who sold shares must file a Form 4 disclosure within two business days of the sale. Trump himself holds 114.75 million shares (57% of outstanding stock), while other key figures like United Atlantic Ventures and ARC Global Investments II also own significant stakes.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the stock performance of Trump Media & Technology Group Corp., the share ownership details of key individuals, and relevant legal requirements. It also includes a quote from a securities lawyer for context. However, it lacks any personal opinions or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about the stock performance of Trump Media & Technology Group Corp. and disclosure requirements for insiders selling shares. It also mentions key individuals’ share ownerships. However, it lacks in-depth analysis or discussion on the implications of this news for the company or the market.
Public Companies: Trump Media & Technology Group Corp. (DJT), Digital World Acquisition Corp. ()
Private Companies: United Atlantic Ventures,ARC Global Investments II
Key People: Donald Trump (largest shareholder), Philip Allen Juhan (chief financial officer), Eric Swider (former chief executive and current director), Devin Nunes (chief executive officer)
Financial Relevance: Yes
Financial Markets Impacted: Trump Media & Technology Group Corp.’s stock (DJT)
Financial Rating Justification: The article discusses the fall in the stock price of Trump Media & Technology Group Corp. and the upcoming disclosure deadline for insiders’ share sales, which can impact financial markets and companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: The deal size mentioned in this article is $1.48 billion.
Move Size: The market move size mentioned in this article is a 5% drop in the stock price of Trump Media & Technology Group Corp.’s shares.
Sector: Technology
Direction: Down
Magnitude: Medium
Affected Instruments: Stocks
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