According to documents submitted to the Securities and Exchange Commission (SEC) in the USA, the Chief Financial Officer of Trump Media Technology Group and two other insiders sold stocks worth millions of dollars after the election.

The documents show that the company's Chief Financial Officer and Financial Director, Phillip Juhan, sold 0.32 million shares at a price of $30.65 per share on last Friday, November 8, for a total of $9.8 million. This Monday, November 11, he sold 0.064 million shares at a price of $32.97 per share, worth $2.11 million.

Juhan had previously disclosed a trading plan, indicating his intention to sell 0.4 million shares of Trump Media Technology Group's stocks by December 2025. The documents show that he still holds 265,798 shares, most of which were restricted stocks granted to him on November 5 and cannot be sold immediately.

Another document from the US SEC shows that Scott Glabe, the General Counsel and Secretary of Trump Media Technology Group, sold 15,917 shares at a price of $32.19 per share last Friday, totaling $512,368. Glabe still holds 336,576 restricted stocks of the company.

In addition, the Director of the company, Eric Swider, sold 136,183 shares of stocks at a price of $28.23 per share last Friday, totaling about $3.84 million. Swider sold all his shares, but his company Renatus Advisors still holds 18,043 shares of Trump Media company.

The major shareholder of Trump Media Technology Corporation, Donald Trump, holds 0.11475 billion shares, accounting for approximately 60% of the total shares of the company. Last Thursday, Trump posted on social media denying rumors of a possible stock sale.

Trump stated that these rumors are "fake, untrue, and likely illegal", possibly spread by market manipulators or short sellers. He emphasized, "I have no intention of selling."