Trump Media General Counsel Sells All Vested Shares

According to a Forbes report, Scott Glabe, General Counsel for Trump Media, sold his last vested shares on Wednesday for $500,000. Following this transaction, Glabe no longer holds any vested stake in the company. However, he retains unvested rights to as many as 339,000 restricted stock units, which are contingent upon his continued employment. Glabe's sale marks the second significant reduction in holdings by a top insider in recent months, following similar actions by board member Eric Swider. The article indicates that the specific reason for Glabe's sale remains unclear. While some of his prior sales were to cover tax withholdings, no reason was provided for this recent transaction. Neither Glabe nor Trump Media responded to requests for comment.