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Juhan Phillip, the Chief Financial Officer and Treasurer of Trump Media & Technology Group Corp. (NASDAQ:DJT), recently sold a significant portion of the company’s common stock. According to a recent SEC filing, Phillip sold shares totaling approximately $1,010,746. The transactions, which occurred on May 14, involved selling shares at prices ranging from $27.298 to $27.78 per share.
In addition to these sales, Phillip also executed transactions specifically to cover the company’s withholding obligations to taxing authorities, totaling $211,265. These transactions involved share prices ranging between $26.4132 and $27.3959. Following these sales, Phillip retains ownership of 175,572 shares of Trump Media & Technology Group Corp. stock.
In other recent news, Trump Media & Technology Group Corp. (TMTG) has addressed several developments. The company recently clarified misinformation regarding its SEC filing, stating that the filing was a routine re-registration of shares and not indicative of any upcoming sale by the Trump trust. TMTG also announced that it has become the first company to list on the newly established NYSE Texas, while maintaining its primary listing on NASDAQ. Furthermore, TMTG plans to partner with Crypto.com to introduce a series of exchange-traded funds (ETFs) and products through its financial brand Truth.Fi, focusing on American industries like energy, pending regulatory approvals. In addition, TMTG has expanded its streaming services with the launch of a Truth+ app for Roku (NASDAQ:ROKU) TV devices, offering family-friendly programming and live TV channels. The company has also clarified reports about a $2.3 billion stake sale, emphasizing that such claims were inaccurate. TMTG continues to emphasize its commitment to providing alternatives to mainstream tech and media platforms. These developments highlight TMTG’s ongoing efforts to expand its business operations across various sectors.
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