President-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed. The transfer involves 114,750,000 shares, valued at over $4 billion, according to a filing with the Securities and Exchange Commission. Although Trump did not receive any money for the gift, he now indirectly owns the shares through the trust. This type of transfer is not new for Trump, who made similar moves to the same trust before his first inauguration in 2017.
President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed.
Trump Media, which trades under the DJT ticker, closed at $35.41 per share, making the value of the transferred stock more than $4 billion.Because Trump is the beneficiary of the trust, he now"indirectly" owns the Trump Media shares he transferred, the SEC filing noted.Trump Media, which trades under the DJT ticker, closed at $35.41 per share Thursday, making the value of the transferred stock more than $4 billion.
Before his first inauguration as president in 2017, Trump made similar transfers to the same revocable trust.
Trump Trump Media Revocable Trust Stock Transfer SEC Filing
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Transfers Nearly $4 Billion in Trump Media Shares to Revocable TrustPresident-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust, making him the indirect owner of the company's stock.
Read more »
Trump Transfers Stakes in Trump Media to Revocable TrustDonald Trump moves his entire shareholding in Trump Media & Technology Group Corp. to a revocable trust, retaining indirect ownership of the company.
Read more »
Trump Transfers Trump Media Shares to Revocable TrustDonald Trump has transferred his entire holdings in Trump Media to a revocable trust, valued at over $4 billion. The move sees Trump relinquish control of the social media company, which operates the Truth Social app.
Read more »
Trump Transfers $4 Billion Stake in Trump Media to Revocable TrustPresident-elect Donald Trump has transferred his entire stake in Trump Media to a revocable trust, making his indirect ownership of the company's shares worth over $4 billion.
Read more »
Trump Transfers $4 Billion Stake in Trump Media to TrustPresident-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust, making him the sole beneficiary. The transfer, valued at over $4 billion, does not involve any financial gain for Trump. He retains indirect ownership through the trust. This move mirrors a similar transfer Trump made before his 2017 inauguration.
Read more »
Trump May Kick Establishment Media Out of White House Briefing Room, Make Seats for New MediaSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »