Trump Media Shares Fall as Expiration of Blockade Prepares to Give Former President Authorization to Sell Shares

• Shares of Trump Media fell to their lowest level since the IPO on Thursday.

• Shares fell as much as 4 percent as a lockout period was set to expire.

• After the impasse, Trump can divest his shares, though he has said he won’t sell.

Shares of Trump Media & Technology Group fell to their lowest level since the company went public earlier this year as a lock-up period preventing insider sales was set to expire.

Shares of parent company Truth Social fell as much as 4% on Thursday, falling to $14.77 before paring some losses.

The company went public in March, with shares hitting all-time highs of more than $70 shortly after, before falling steadily in the following months.

The latest decline was fueled by investor concern about the lock-up period, which prevents insiders from selling, which is set to expire as soon as Thursday afternoon, CNBC reported.

Once the lock-up period is over, the Republican presidential candidate is allowed to start selling his shares. If he chooses to do so, it could be a major headwind for investors, given that Trump owns a nearly 60 percent stake in the company worth $1.7 billion based on Thursday’s price.

Trump said last week that he had no intention of selling the stock, which briefly calmed investors.

“No, I’m not selling. No, I like it,” the presidential candidate said at a news conference last Friday, sparking a 25 percent jump in DJT shares.

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