United Atlantic Ventures LLC (UAV), a major shareholder in Trump Media, has sold nearly 11 million shares of the company, according to a regulatory filing. This move leaves UAV, a partnership of former 'Apprentice' contestants Andrew Litinsky and Wes Moss, owning just 100 shares in Trump Media, which operates the Truth Social app.
United Atlantic Ventures LLC, a major shareholder in Trump Media , apparently sold nearly 11 million shares in the company, according to a regulatory filing.
The move left UAV, a partnership of Andrew Litinsky and Wes Moss, former contestants on"The Apprentice," owning just 100 shares in Trump Media, which operates theUAV is the only known insider to sell off shares since last week., and co-founded the company with him in 2021. The two later fell out with Trump, who is the Republican presidential nominee, and have been embroiled inTrump owns more than 56% of Trump Media shares, which trade under the ticker DJT on the Nasdaq.
UAV later was awarded another 3.44 million shares that were issued"for no additional consideration based on the performance of our shares of Common Stock," Trump Media said in an SEC filing on Sept. 5.Thursday's SEC filing does not say when UAV shed its shares in the past week, and what price or prices it received for that stock.
Trump Media Truth Social United Atlantic Ventures Stock Sales DJT
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