Republican presidential candidate and former U.S. President Donald Trump gestures as he arrives to Trump tower during the day of his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in New York City, U.S. , April 19, 2024.
Former President Donald Trump received 36 million more shares of Trump Media Technology Group on Friday, according to a newly filed disclosure Tuesday with the Securities and Exchange Commission.
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.
At Tuesday's closing price of $49.93, Trump's newly awarded shares were worth around $1.8 billion, although he is prohibited from selling them until a six-month lockup period expires.
The additional shares bring Trump's total in the newly public company to 114,750,000.
Persons:
Donald Trump, Stormy Daniels, Trump's
Organizations:
Trump Media Technology Group, Securities and Exchange Commission, Trump, Nasdaq
Locations:
Trump, New York City, U.S