Former President Donald Trump could be in line for a significant paper wealth gain by the end of Tuesday. Trump Media & Technology Group, the parent company of Trump’s social media platform Truth Social, could grant him 36 million shares if its stock price meets certain criteria.
According to a recent Securities and Exchange Commission filing, Trump will be eligible for the shares if the company’s dollar volume-weighted average price (DVWAP) – a measure of the average share price weighted by trading volume – remains at or above $12.50 for a minimum of 20 out of 30 trading days. The clock on the 30-day period started when Trump Media went public on March 26.
The 20th trading day falls on Tuesday, and as of Monday’s close, Trump Media’s stock was trading at $35.73 per share. If the stock price remains above $12.50 for the remainder of the day, Trump will be entitled to the earnout shares, which could be worth up to $1.3 billion.
Trump currently owns approximately 57.6% of Trump Media’s outstanding shares, with the company having a market capitalization of $4.97 billion. Trump Media’s stock has been on a roller coaster ride since its debut, initially reaching a high of $79.38 per share but later declining over the following weeks. However, the stock has rebounded somewhat in recent days, adding more than $1 billion in market value.
