Trump Transfers DJT Shares to Revocable Trust: New SEC Filings

President-elect Donald Trump made a significant move this week by transferring his entire stake of shares in Trump Media to a revocable trust, of which he is the sole beneficiary. The regulatory filings on Thursday evening revealed that Trump gave away 114,750,000 shares to the Donald J. Trump Revocable Trust, all without receiving any financial compensation. This means that Trump now “indirectly” owns the shares he transferred, totaling more than $4 billion at the time of the transfer.

The trust, managed by Trump’s son Donald Trump Jr., grants him sole voting and investment power over the securities held by the trust. Trump Media, trading under the DJT ticker, closed at $35.41 per share, reflecting the significant value of the transferred stock.

This move is not entirely new for Trump, as he has transferred assets to the same revocable trust before, including real estate holdings and other assets back in 2017 during his first term as president. Notably, Trump has appointed key members of Trump Media’s board to high-level positions in his administration, further intertwining his business interests with his political career.

The type of transfer Trump made this week may be strategic, but it aligns with similar actions he has taken in the past regarding his business holdings. It is clear that Trump’s role in the business world continues to be a significant aspect of his overall portfolio.