What Investors Should Know About This Trump Media Insider Filing
Scott Glabe disposed of shares worth about $213,000 to cover tax withholding obligations tied to restricted stock unit vesting.
Overview
General Counsel Scott Glabe disposed of 25,546 shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) on August 13, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($8.32); post-transaction value based on the August 13 market close ($8.30).
Details
Trump Media & Technology Group Corp., founded in 2021 and headquartered in Sarasota, Florida, operates Truth Social as its primary digital asset. With a market capitalization of $2.3 billion and minimal current revenue generation of $4.5 million TTM, the company remains in an early stage development phase with substantial operating losses. The organization is focused on scaling its social networking platform to achieve profitability and establish competitive positioning within the crowded social media landscape.
Source
Originally published at www.fool.com.