Discussions on Reddit have been buzzing about the recent conversion of RSUs into shares for Devin Nunes and other Trump Media & Technology Group Corp. (TMTG) officers. On December 25th, Nunes' 325,081 RSUs converted into shares, resulting in a taxable income of approximately $11.6 million. Reddit users are speculating on whether Nunes will sell his shares, with one user noting, "Whether he does this or not will be interesting." The conversion also applies to three other TMTG officers, who have a combined 281,923 RSUs that converted to stock.
The Reddit community is also discussing the potential for misleading media reports once the SEC Form 4 filings are made public. One user cautioned, "The press often reports financial information incorrectly or in a misleading way," suggesting that headlines might inaccurately portray these conversions as large stock sales. Another user pointed out that the officers are not in a quiet period until the quarter ends, allowing them to sell shares once the company files its 10-Q.
As of the latest update, Trump Media & Technology Group Corp. (DJT) is trading at $36.90, reflecting a slight decrease of 0.35% from the previous close.