The filing also includes all the shares held by the former president. Trump, however, remains under a “lockup” deal that largely restricts him from selling his shares for another roughly five months. His son, Donald Trump Jr., who is a director on the board, and CEO Devin Nunes, are also bound by the lockup.
The stock plunge has erased billions from Trump’s stake — at least on paper. The shares soared when they began trading on March 26, giving Trump’s 57% ownership position a value of $6.25 billion. But after DJT’s recent slump, that stake is worth $2.1 billion, representing a paper loss of $4.15 billion.
People keep saying trump wasn’t prevented from selling for 6 months, and I have no idea why.
But this is why I was happy it started trading so high. trump was/is pushing supporters to buy shares as a way of donating. But those people are throwing their money away and it’ll still crash before trump can sell. He’s not just losing profit, he losing donations too.
Plus this way trump has to spend 6 months watching something literally trading under his name (djt) constantly hemorage money and there’s not a damn thing he can do about it.
When he saw that 6 billion number, he immediately considered it “his money” so even if he makes a couple hundred million selling his whole stake in this; it’s going to feel like he’s lost billions to him.
And hopefully the DJT stock lumps on without him for years as a shitty penny stock
People keep saying trump wasn’t prevented from selling for 6 months, and I have no idea why.
So, yes, he’s currently subject to a lockup agreement. But, the board can always waive that agreement, and given the board is made up of Trump acolytes, there’s no reason to take it too seriously (yes, if they did that, it could be subject to a shareholder lawsuit if a sale resulted in a plunge in the share price, based on the claim that the board was failing in its fiduciary duty, but by the time any such trial made its way through the courts, it probably wouldn’t matter).
People keep saying trump wasn’t prevented from selling for 6 months, and I have no idea why.
But this is why I was happy it started trading so high. trump was/is pushing supporters to buy shares as a way of donating. But those people are throwing their money away and it’ll still crash before trump can sell. He’s not just losing profit, he losing donations too.
Plus this way trump has to spend 6 months watching something literally trading under his name (djt) constantly hemorage money and there’s not a damn thing he can do about it.
When he saw that 6 billion number, he immediately considered it “his money” so even if he makes a couple hundred million selling his whole stake in this; it’s going to feel like he’s lost billions to him.
And hopefully the DJT stock lumps on without him for years as a shitty penny stock
So, yes, he’s currently subject to a lockup agreement. But, the board can always waive that agreement, and given the board is made up of Trump acolytes, there’s no reason to take it too seriously (yes, if they did that, it could be subject to a shareholder lawsuit if a sale resulted in a plunge in the share price, based on the claim that the board was failing in its fiduciary duty, but by the time any such trial made its way through the courts, it probably wouldn’t matter).
Who exactly do you think can waive it?