Ex-'Apprentice' Contestants Dump Nearly All Of Their Shares In Trump Media
HuffPost
A provision barring insiders from getting rid of their stock expired last week.
A company co-founded by Andrew Litinsky and Wesley Moss, two previous “Apprentice” contestants, has sold the majority of its shares in former President Donald Trump’s social media company, according to a Securities and Exchange Commission filing Thursday.
Investment firm United Atlantic Ventures LLC sold all but 100 shares of its stake in Trump Media & Technology Group, the parent company of Truth Social, after a provision preventing insiders from selling was lifted last week.
The company owned about 7.5 million shares of Trump Media as of March, according to CNN.
Trump Media and UAV have so far not commented on the news of Thursday’s filing.
Litinsky and Moss, who appeared on the second season of “The Apprentice,” the show credited with making Trump a household name, co-founded Trump Media with the former president in 2021.