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DJTTrump Media & Technology Group Corp. · Insider ownership research

Trump Media & Technology Group Corp. insiders sold $55K in the past 12 months. How much of their stake is that?

Less than 0.1% overall. As a group they ended with more shares than they started with. The biggest individual seller, Eric Swider, gave up 2.6% of starting holdings.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 12 of the 156 other companies we can measure (#145 of 157)See ranking
1
buyer among officers and directors (1 trade), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
1 of 12
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 21, 2026Kevin McGurn had 8K shares ($71K) withheld by the company for taxes (not a market sale). That is 6.6% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Kevin McGurn
Interim CEO
7,958$8.896.6%113KAug 21, 2026Aug 21, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: less than one-twentieth of the 4-year average. 1 insider sold; the average is 2 a year. Year by year
Latest filing: Filed Aug 21 for a tax withholding on Aug 21. Kevin McGurn had 8K shares withheld by the company for taxes. Filing
32 SEC ownership filings in the period · See the evidence

What stands out

Scott Glabe bought 1K shares for $10K, first on Nov 18, 2025. These are the first purchases by current officers or directors in the filings on record.Purchase, Nov 18, 2025
Tax withholding outweighed market sales: the company withheld $3.8M of officers' and directors' shares for taxes, against $55K sold on the open market. The largest was Devin Nunes ($1.3M withheld).Largest withholding, Nov 13, 2025

Percentages cover 8 of 12 officers and directors. 4 are left out

i
Left out: Scott Glabe (holdings couldn't be fully reconciled); Kevin McGurn, Boris Epshteyn and Meredith O'Rourke (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Eric Swider
Director
2.6% · $55KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $55K no plan disclosed$55KNovDecJanFebMarAprMayJunJulAugSepOct

Outside holders, reported separately

Holding George Edward Bell reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Trump Media & Technology Group Corp. CEO selling stock?

No. Devin Nunes reported no open-market sales in the past 12 months.

Why are Trump Media & Technology Group Corp. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Trump Media & Technology Group Corp. insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Trump Media & Technology Group Corp. insiders sell?

Less than 0.1% overall. As a group they ended with more shares than they started with. The biggest individual seller, Eric Swider, gave up 2.6% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Eric Swider
Director
$55K
5.2K shares
2.6%No plan disclosed

Outside holder, reported separately: Holding George Edward Bell (a 10% owner, not part of management). No open-market sales reported in the period. Holds 47K shares. Latest filing

The full ownership picture11 of 12 insiders fully reconciled · 12 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Donald Trump Jr.
i
Includes unvested RSUs, amount not disclosed.
Director
114.79M0114.81Mno sales
Vesting, gifts, unvested awards and holding lines for Donald Trump Jr.
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share37,49861,098
Donald J. Trump Revocable Trust Dated April 7, 2014Common Stock, par value $0.0001 per share114,750,000114,750,000
Devin Nunes
i
Includes unvested RSUs, amount not disclosed.
CEO, President, Chairman, Director
1.44M01.33Mno sales
Vesting, gifts, unvested awards and holding lines for Devin Nunes
0shares vested or exercised
0gifted (net of own trusts)
−109Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share1,436,4291,327,246
Vladimir Novachki
i
Includes unvested RSUs, amount not disclosed.
Chief Technology Officer
636K0914Kno sales
Vesting, gifts, unvested awards and holding lines for Vladimir Novachki
0shares vested or exercised
0gifted (net of own trusts)
−95Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share636,216914,244
Scott Glabe
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -30,016 shares on Nov 13, 2025 (Direct). See the filing Sales and other transactions for Scott Glabe are complete.
General Counsel
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Scott Glabe
0shares vested or exercised
0gifted (net of own trusts)
−83Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -30,016 shares on Nov 13, 2025 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share368,748586,497
Phillip Juhan
i
Includes unvested RSUs, amount not disclosed.
Chief Financial Officer
310K0582Kno sales
Vesting, gifts, unvested awards and holding lines for Phillip Juhan
0shares vested or exercised
0gifted (net of own trusts)
−57Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share309,852581,749
Eric Swider
i
Includes unvested RSUs, amount not disclosed.
Director
196K−5.2K191K97%
Vesting, gifts, unvested awards and holding lines for Eric Swider
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Renatus LLCCommon Stock143,043143,043
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share24,04118,841
Renatus LLCCommon Stock, par value $0.0001 per share18,04318,043
DirectCommon Stock, par value $0.0001 per share ("Common Stock")11,18311,183
Kyle Green
i
Includes unvested RSUs, amount not disclosed.
Director
37K061Kno sales
Vesting, gifts, unvested awards and holding lines for Kyle Green
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share37,49861,098
Robert Lighthizer
i
Includes unvested RSUs, amount not disclosed.
Director
37K037Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Lighthizer
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share37,49837,498
David Bernhardt
i
Includes unvested RSUs, amount not disclosed.
Director
23K047Kno sales
Vesting, gifts, unvested awards and holding lines for David Bernhardt
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share23,10546,705
Kevin McGurn
i
Includes unvested RSUs, amount not disclosed.
Interim CEO
00113Kno sales
Vesting, gifts, unvested awards and holding lines for Kevin McGurn
0shares vested or exercised
0gifted (net of own trusts)
−33Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share0112,853
Boris Epshteyn
i
Includes unvested RSUs, amount not disclosed.
Director
0047Kno sales
Vesting, gifts, unvested awards and holding lines for Boris Epshteyn
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share047,200
Meredith O'Rourke
i
Includes unvested RSUs, amount not disclosed.
Director
0047Kno sales
Vesting, gifts, unvested awards and holding lines for Meredith O'Rourke
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Common Stock, par value $0.0001 per share047,200

11 of 12 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (11 exactly, 0 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 8 of 12 officers and directors. Left out: Scott Glabe (holdings couldn't be fully reconciled); Kevin McGurn, Boris Epshteyn and Meredith O'Rourke (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$55K of sales by plan status, purpose, seller and month

Officer and director open-market sales: $55K across 5,200 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $55K

Sales with no 10b5-1 plan and no tax reference in the filing. $55K of it is Eric Swider. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Eric Swider, Nov 17, 2025

Taxes

377,670 shares ($3.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P). Across all their filings on record there is 1 purchase trade.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Eric Swider
Director
5.2K$55K0%100%Nov 17, 2025 to Nov 17, 2025

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$55K$0$0$55K
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year4 earlier years to compare with

Less than usual: less than one-twentieth of the 4-year average. 1 insider sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
5.2K1$55K
Oct 8, 2025
1 year earlier
769K5$22.2M
Oct 8, 2024
2 years earlier
158K5$3.4M
Oct 9, 2023
3 years earlier
00$0
Oct 9, 2022
4 years earlier
00$0
Oct 9, 2021
5 years earlier · filings don't cover the whole year
n/an/an/a

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Scott Glabe: holdings couldn't be fully reconciled (difference of -30,016 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -30,016 shares on Nov 13, 2025 (Direct). Filing, Nov 13, 2025

Footnote: "Reflects a transaction solely to cover withholding payments by Trump Media & Technology Group Corp. ("the Issuer") to applicable taxing authorities. No cash proceeds were received by the reporting person in connection with the disposition of securities disclosed in this row. | The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $11.960 to $12.500, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon"

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology113 filings from SEC EDGAR, and how we read them

All 113 Forms 3, 4 and 5 filed for Trump Media & Technology Group Corp. (SEC CIK 1849635) from Sep 2, 2021 to Aug 21, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (12)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Kashyap PatelJan 30, 202525,946 shares, last reported balance as of Jan 28, 2025
Linda McMahonJan 30, 202525,946 shares, last reported balance as of Jan 28, 2025
Donald TrumpDec 19, 2024114,750,000 shares, last reported balance as of Dec 17, 2024
Andrew NorthwallAug 23, 202416,533 shares, last reported balance as of Aug 22, 2024
Sandro De MoraesMar 26, 202445 shares, last reported balance as of Mar 25, 2024
BARCLAYS PLCSep 24, 2021823,842 shares, last reported balance as of Sep 20, 2021
Patrick OrlandoSep 10, 20216,623,484 shares, last reported balance as of Sep 8, 2021
Rodrigo VelosoSep 2, 20217,500 shares, last reported balance as of Sep 2, 2021
Bruce GarelickSep 2, 20217,500 shares, last reported balance as of Sep 2, 2021
Jacobson MontieSep 2, 20217,500 shares, last reported balance as of Sep 2, 2021
Luiz Orleans-BraganzaSep 2, 202110,000 shares, last reported balance as of Sep 2, 2021
Justin ShanerSep 2, 20217,500 shares, last reported balance as of Sep 2, 2021