Trump Media General Counsel Scott Glabe Unloads Entire Shareholding, Joins Second Insider in Stake Reduction

BREAKING NEWS Trump Media General Counsel Sold Every Share He Could, Becoming Second Insider to Cut Stake September 13, 2025, 08:39am EDT In a significant development, Scott Glabe, the general counsel of Trump Media Technology Group and a member of President Donald Trump's first administration, sold his last available shares on Wednesday for $500,000. This move makes him the second top insider to significantly cut their holdings in recent months. Essential Details Glabe sold 30,000 shares at an average price of $16.9791, bringing in a total of $500,000. He now only owns restricted stock units (RSUs) in the company, which are unvested rights to as many as 339,000 shares at some point in the future, contingent on his remaining with the company. Immediate Impact and Response The sale of Glabe's shares has sparked interest among investors and analysts, who are closely watching the developments within Trump Media Technology Group. The move is seen as a significant departure from previous insider sales, which may indicate a shift in the company's strategy or leadership. Background Context Trump Media Technology Group was founded by President Donald Trump, who remains the largest shareholder with a significant stake in the company. Glabe's sale follows a similar move by another top insider, who cut their holdings earlier this year. What Happens Next As investors and analysts continue to monitor the situation, it is unclear what implications this development may have on the company's future plans or performance. However, one thing is certain: the sale of Glabe's shares has added a new layer of complexity to the already dynamic landscape of Trump Media Technology Group. *This story is developing. Information compiled from Forbes reporting.*