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.
