DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus

• Former President Donald Trump received 36 million shares of Trump Media Technology Group on Friday.
• The shares were part of a contractual "earnout bonus" that Trump's media company agreed to shortly before it went public in March.
• Trump has 114,750,000 shares in the newly public company. At Tuesday's closing price of $49,93, their total value on paper is over $5.7 billion.

Former President Donald Trump received 36 million more shares of Trump Media Technology Group on Friday, according to a newly filed disclosure Tuesday with the Securities and Exchange Commission.

The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.

At Tuesday's closing price of $49.93, Trump's newly awarded shares were worth around $1.8 billion, although he is prohibited from selling them until a six-month lockup period expires.

The additional shares bring Trump's total in the newly public company to 114,750,000. At Tuesday's closing price, their value on paper is over $5.7 billion.

The windfall for Trump comes as Trump Media's stock price has rocketed up 50% in the past seven days, after weeks of sharp declines following its Nasdaq debut on March 26.

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