Trump Media Stock Falls Amid Worries Trump Trust Could Sell Shares

Key Takeaways

Trump Media & Technology Group’s (
DJT
) stock slid Wednesday after a regulatory filing raised worries company
insiders
could sell shares.

The Truth Social operator said it could sell nearly 8.4 million shares of stock thanks to existing share warrants related to its
March 2024 IPO
, according to a filing with the U.S. Securities and Exchange Commission. TMTG also said some 134 million shares could be sold “from time to time” by insiders, including more than 114 million held by the Donald J. Trump Revocable Trust.

Shares of TMTG fell more than 5% in recent trading. The stock has lost more than half its value since Trump took office in January.

In a statement, TMTG called the filing “routine” and said the Trump trust has no plans to sell. That echoes a
Truth Social post
from Trump in November in which he said, “I

HAVE

NO INTENTION OF SELLING.”

The White House and Trump Organization did not immediately respond to requests for comment.

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