Trump Media CFO Sells 18,817 Shares for $157,000 in Tax-Cover Trade

Q: Which major Wall Street firms are secretly purchasing early access to Truth Social data despite ongoing regulatory scrutiny?

They have not been publicly identified. Trump Media says more than 10 customers have signed up for Truth API, and company executives have said they are mostly high-frequency trading firms, but the company has not disclosed the names. Reports and interviews have repeatedly noted that major Wall Street firms such as Citadel, Goldman Sachs, JPMorgan and Jane Street have not confirmed whether they are customers. In other words, those firms have been mentioned as possible market participants watching the product, not as verified buyers. What is known is that Truth API offers paying institutional customers millisecond-speed access to Truth Social posts, including potentially market-moving posts, for roughly $60,000 to $100,000 a month. That business model has drawn legal and regulatory scrutiny, including calls for SEC review and lawsuits challenging the arrangement. So the factual answer is that no major Wall Street firm has been publicly confirmed as secretly purchasing the service; the customer identities remain undisclosed.

2 articles · Updated · Yahoo Finance · Aug 14

Phillip Juhan disposed of 18,817 Trump Media shares on Aug. 13 for about $157,000, according to an SEC Form 4 filing.
The sale was an automated sell-to-cover transaction to meet tax obligations, not a discretionary bet on the stock's outlook.
Juhan still directly holds 581,749 shares worth about $4.8 million at the Aug. 13 close, plus restricted stock units that remain subject to vesting.
The shares were sold at $8.16 to $8.49, for a weighted average of $8.33, after Trump Media stock had fallen 54% over the past 12 months.
Trump Media, operator of Truth Social, had a roughly $2.3 billion market value despite only $4.5 million in trailing-12-month revenue and a $1.3 billion net loss.