Who currently owns those 36 million shares?
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.
Re: “Who currently owns the 36 million shares?”
Good question. Most likely, the corporation itself.
If Trump failed to meet the bonus criteria, the shares could be sold on the open market - or - assimilated back into the corporation.
Since the existence - and possible distribution - of the shares was public knowledge, you have to assume that all subsequent investors - those currently buying and selling shares of DJT - have factored the potential value - or - loss of value - into the price they are willing to pay for shares that are already trading.
I am not sure “specifically” for DJT. But generally speaking, those shares are often retained by the company for these planned payouts after an IPO. So, granting the shares would not dilute the current value.
Obviously, every company does stuff their way.
“Who currently owns those 36 million shares?”
DJT company. “Printed” on demand like our paper currency.