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Trump Media Gift DJT FBI Pick Shares Pick Kash Patel, Linda McMahon and President’s son


Kash Patel, nominated to be the director of US President Donald Trump to be the FBI director, sees that he testifies before the hearing of a Senate Judiciary Committee on Capital Hill in Washington, US on January 30, 2025.

Evelyn Hawkstein | Roots

Trump media This week, the President gifted thousands of stocks of the company’s stock Donald TrumpNominated for FBI Director, I wish PatelTrump’s eldest son and four others Board memberNew Regulatory filing show.

The company honored Patel with 25,946 stock stocks in each, Donald Trump Jr.And the President’s pick for the Education Secretary, Linda McMahon, who all work as Trump Media DirectorThe filing appears on Thursday.

Three other directors – former US trade representative Robert Light JaiserAccording to Eric Sweder and Kyle Green -, according to the same number of DJT shares at any cost, according to Securities and Exchange Commission Filing.

The filing said the awards were given on Tuesday. Trump Media stopped trading at $ 30.04 per share that day.

At that price, the paper price of shares is more than $ 779,400. But most of the stocks honored are banned when it can be sold.

DJT was trading at around $ 31.50 per share as ET at 2:30 pm on Friday.

The filing said that the stock was given “as an idea” for the services provided between the end of March-when Trump Media became public after completing the merger with a vacant-locked company-and 25 December .

Critics as revelations say that the President’s financial complication and recent business undertaking currency conflicts of interest For members of his administration.

Stock awards were performed after Patel’s arrival. Senate hearing On its enrollment to lead the FBI, top US law enforcement agency.

Trump Media, which operates the truth social app, announced on Wednesday that it was expanding financial Services,

After winning the presidential election, Trump Stir for its majority stake For his autocratic trust in Trump Media. Trump is the only beneficiary of Trust, and Trump Junior is its only trustee.

The new SEC filing said that on Tuesday, shares given to six board members are banned stock units that will be inherent in installments.

Read more CNBC politics coverage

Twenty-five percent of the respected RSUS-about 6,487 shares vested about 6,487, which means that he can be sold at any time. The paper value of those shares as the concluding trade of Tuesday was around $ 195,000.

The remaining 75% RSU will be vested in nine quarter installments in two years starting from March 25.

Trump Media did not immediately respond to CNBC’s request for comments.



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