Fri Apr 04 12:40:00 UTC 2025: **Trump Media & Technology Group Files to Allow Sale of Billions in Trump Shares**

NEW YORK — Trump Media & Technology Group (TMTG), the parent company of Truth Social, has filed with the Securities and Exchange Commission (SEC) to re-register for sale billions of dollars worth of shares held in a trust controlled by Donald Trump Jr. This move, while allowing for the potential sale of nearly 115 million shares previously registered last summer, does not indicate an immediate sale is planned.

President Trump, the largest shareholder with roughly 53% ownership, transferred his shares to the trust shortly after winning the 2020 election. Despite previously stating he had no intention of selling, the re-registration filing has prompted media speculation. TMTG, however, characterized the filing as a routine procedural step.

The company’s stock, currently trading around $19 per share, has plummeted over 40% this year, valuing Trump’s stake at approximately $2.2 billion. TMTG’s share price has been volatile since its public debut, often detached from the company’s financial performance, which has been marked by low revenue and ongoing losses.

The SEC filing also includes shares held by other investors, including Yorkville Advisors, an investment firm involved in developing retail investment products for TMTG, and 106,000 shares held by Attorney General Pam Bondi, obtained in exchange for consulting work. Ms. Bondi is expected to divest her shares by early May.

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