Summary by Moomoo AI
On 12/17/2024, Donald J. Trump, associated with Trump Media & Technology Group Corp., executed a significant stock transaction. Trump gifted 114,750,000 shares of common stock, with a par value of $0.0001 per share. This transaction was reported as a bona fide gift, with the disposed shares valued at $0.Following this transaction, Trump's direct ownership of the company's common stock reduced to zero. However, he maintains indirect beneficial ownership of 114,750,000 shares through the Donald J. Trump Revocable Trust Dated April 7, 2014. This trust now holds the entire reported stake in the company.The transaction effectively shifts Trump's ownership structure from direct to indirect, maintaining his overall stake in the company. This move could have implications for corporate governance and Trump's personal financial strategy, though the motivations behind the gift are not specified in the report.
