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Trump Media Stock. Lockup ends soon.

posted 113 days ago by WorkingManBlues 113 days ago by WorkingManBlues +18 / -0

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– WorkingManBlues [S] 3 points 113 days ago +4 / -1

Look like the stock was sold to pay the IRS

In a recent transaction, Trump Media & Technology Group Corp.'s (OTCMKTS:TMTG) Chief Financial Officer and Treasurer, Juhan Phillip, sold a significant amount of company stock. On August 22, Phillip parted with 84,941 shares at a price of $22.7 per share, totaling over $1.9 million.

The sale was not associated with any cash proceeds for Phillip, as the shares were returned to Trump Media & Technology Group Corp. to cover withholding payments for applicable taxes, according to a footnote in the filing. Post-transaction, Phillip still retains 405,059 shares in the company.

https://www.investing.com/news/company-news/trump-media-cfo-sells-over-19-million-in-company-stock-93CH-3585866

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