For Trump to get the additional shares, which are on top of his current 57% ownership stake of 78 million shares, Trump Media needs to trade at or above $17.50 per share for any 20 trading days within a 30 trading day period. The stock, which trades under Trump’s initials, DJT, marked its 20th trading day on Tuesday, which means that Trump qualifies for the bonus given that the stock didn’t plunge below $17.50 today.
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The company owns the shares that aren’t owned by others. Trump just gets a larger personal share.
“The company owns the shares that aren’t owned by others. Trump just gets a larger personal share.”
The company issues new shares.