Trump Media Counsel Scott Glabe Sells 25,546 Shares for $212,543 to Cover Taxes

1 articles · Updated · Yahoo Finance · Aug 16

Scott Glabe sold 25,546 Trump Media shares on Aug. 13 in a non-discretionary transaction tied to tax withholding on vested equity awards, according to an SEC Form 4 filing.
The sale was executed at a weighted average price of $8.32 a share, indicating an administrative tax-related disposal rather than a trade based on market views or company prospects.
Glabe still directly holds 586,497 shares—about 0.21% of the company—valued at roughly $4.87 million based on Trump Media's Aug. 13 close of $8.30.
Trump Media shares had fallen 54% over the prior year as of the transaction date, while the company reported trailing 12-month revenue of $4.5 million and a net loss of $1.3 billion.