SEC filings reveal Trump transferring all his DJT shares to his revocable trust

President-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust this week. He did not receive any money for the gift of his 114,750,000 shares. Trump is the sole beneficiary of the trust, which means he indirectly owns the shares he transferred. The shares are currently valued at over $4 billion. Trump had been the largest individual shareholder in the social media company, owning nearly 57% of the shares. This is not the first time Trump has made such transfers to a revocable trust, as he did so before his first inauguration in 2017 and while campaigning for president in 2016. The SEC filing confirmed that Trump now directly owns 0 shares of Trump Media & Technology Group Corp, and indirectly owns 114,750,000 shares through the trust. This move is consistent with previous transfers Trump has made to the trust, including real estate holdings, assets, and liabilities. These transfers were handled by Mazars, his accounting firm at the time. Overall, Trump’s transfer of his shares in Trump Media to the trust is in line with his past financial arrangements and ensures that he maintains control over his assets while serving as president.

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