Trump Media (DJT) GC Glabe Scott Sells 25,546 Shares

What Happened

• Glabe Scott, General Counsel of Trump Media & Technology Group (DJT), disposed of 25,546 shares on 2026-08-13 to cover tax withholding tied to equity awards. The filing reports a weighted-average price of $8.32 and total transaction value of about $212,670.
• Per the filing, this was a tax-withholding disposition (transaction code F); the reporting person did not receive cash proceeds from the disposition.

Key Details

• Transaction date: 2026-08-13.
• Reported price: $8.32 weighted average; individual sale prices ranged from $8.16 to $8.485 (multiple transactions).
• Shares disposed: 25,546; reported total value ≈ $212,670.
• Footnote F1: Sale solely to cover withholding payments; no cash proceeds to the reporting person.
• Footnote F2: Weighted-average price; the filer can provide per-price breakdown on request.
• Footnote F3: Some securities involved were RSUs (restricted stock units) that convert to common shares subject to vesting/plan terms.
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: Report filed on 2026-08-13 (same date as transaction), indicating a timely report.

Context

• This was a routine tax-withholding sale (common when RSUs vest) rather than an open-market investment decision; such disposals are typically administrative and don't necessarily signal insider sentiment.
• Because some shares originated from RSUs and the sale was to satisfy tax obligations, this resembles a cashless-withholding transaction rather than a voluntary market sale for proceeds.