Former President Donald Trump is the majority owner of Trump Media, the Truth Social operator, whose shares trade under the DJT ticker.
United Atlantic Ventures LLC, a major shareholder in Trump Media, has sold or otherwise gotten rid of nearly 11 million shares in the company, according to a regulatory filing Thursday.
The move left UAV, a partnership of former « Apprentice » contestants Andrew Litinsky and Wes Moss, owning just 100 shares in Trump Media, which operates the Truth Social app.
UAV was allowed to sell any of its 5.4% stake in Trump Media’s outstanding shares after a lock-up agreement that had barred company insiders from selling expired on Sept.
