### Trump Media Executives Unload Over $16 Million in Stock Post-Election

In the wake of the recent presidential election, top executives at Trump Media, the company behind the Truth Social app, sold significant amounts of company stock totaling over $16 million. According to newly disclosed filings, the majority of these sales were made by the company's Chief Financial Officer, Phillip Juhan, who offloaded nearly $12 million worth of shares in the week following the election.

Phillip Juhan, who also serves as Trump Media's treasurer, had adopted a trading plan back in August that indicated his intention to sell 400,000 shares of DJT by December 2025. On Friday after the election, Juhan sold 320,000 shares at $30.65 each, amounting to $9.8 million. He continued with another sale on Monday, divesting 64,000 shares at $32.97 per share, bringing in an additional $2.11 million. Despite these transactions, Juhan retained 265,798 shares, most of which are restricted stock units (RSUs) awarded on Election Day and subject to a vesting schedule through March 2027.

Besides Juhan, Trump Media's general counsel, Scott Glabe, and director, Eric Swider, also made significant sales. Swider sold 136,183 shares at $28.23 each on the Friday following the election, totaling $3.84 million and effectively liquidating all of his holdings in the company. However, Swider's affiliated company, Renatus Advisors, still owns 18,043 shares of Trump Media.

Scott Glabe sold 15,917 shares for $32.19 each, generating $512,368. After this sale, Glabe holds 336,576 RSUs, awarded under the same terms as Juhan's. Interestingly, on the same day Juhan and Glabe received their RSUs, CEO Devin Nunes was awarded 1.3 million RSUs, currently valued at nearly $38 million on paper.

Trump Media, majority-owned by President-elect Donald Trump, is facing scrutiny given its fluctuating stock prices and minuscule daily active user numbers on Truth Social compared to other social media platforms. Despite a market capitalization of $6.3 billion, the company reported just over $1 million in revenue and a $19.2 million loss for the third quarter. Truth Social’s daily active user rate stands in stark contrast to its competitors, further emphasizing the challenges the company faces in gaining traction in the social media space.

A spokesperson for Trump Media did not provide a comment regarding the recent stock sales.