Trump could sell ‘DJT’ stock after saying he won’t. That might spark lawsuits.
IPO Report
Trump registered his shares for potential sale in April, but the GOP presidential nominee said last week won’t sell when lockup provision ends as early as Friday
Published:
Donald Trump would be ill advised to sell his stock in Trump Media & Technology Group Corp. after he said he doesn’t plan to do so, a securities lawyer told MarketWatch.
Trump owns 114.75 million shares of Trump Media & Technology Group DJT and is the largest holder of stock in the parent company of the Truth Social platform. Based on Tuesday’s share price of $16.77, his stake is worth about $2.43 billion, while the company has a total market value of about $3.5 billion.