Truth Social, President Donald Trump’s social media platform, has filed securities paperwork that would allow his trust to sell more than $2 billion worth of stock in the company.
The SEC filing, made Tuesday by Trump Media & Technology Group, the parent company of Truth Social, would allow President Trump’s trust to sell nearly 115 million shares. Those shares in Truth Social, following a 4% drop in early-trading on Wednesday, are worth $2.2 billion.
The filing does not guarantee Trump’s trust will sell shares, but it does open the door for the trust to do so at some point down the line.