President-elect Donald Trump transferred his entire stake in Trump Media (DJT) to a revocable trust this week, according to a regulatory filing with the Securities Exchange Commission (SEC). The trust, named the Donald J. Trump Revocable Trust, designates Trump as the sole beneficiary, maintaining his indirect ownership of the shares.
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Trump Media, which operates the Truth Social app, became publicly traded earlier this year following a merger with Digital World Acquisition Corp. Notably, Trump has not held an executive role in the company.
Trump Transfered Shares without Financial Compensation
According to the regulatory filing, Trump moved 114.8 million shares of Trump Media stock, around 53% of the company’s outstanding shares, into the trust without receiving any monetary compensation. Despite the move, Trump retains indirect ownership of the shares through his beneficiary status.
Trump Trust Is Managed and Controlled by Trump’s Son
The trust is managed by Trump’s eldest son, Donald Trump Jr., who holds sole voting and investment authority over the trust’s assets. A separate SEC filing clarified that while Trump now directly owns zero DJT shares, he indirectly owns the 114.8 million shares through the trust.
This is not the first time Trump has transferred assets to the revocable trust. Before his first inauguration in 2017, he moved real estate holdings, assets, and liabilities into the same entity. He also made similar transfers in February 2016 during his presidential campaign, according to a CNBC report citing his former accounting firm, Mazars.
Is DJT Stock a Buy?
While none of the Wall Street analysts have covered DJT stock over the past three months, the stock has surged by more than 30% over the past six months.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
