Summary by Futu AI
On 12/17/2024, Donald J. Trump Jr. acquired 114,750,000 shares of Trump Media & Technology Group Corp. common stock as a bona fide gift. The transaction was reported as an indirect acquisition, with the shares held by the Donald J. Trump Revocable Trust Dated April 7, 2014.The acquisition was completed at a price of $0.00 per share, indicating a gift transfer rather than a market purchase. Following this transaction, Trump Jr.'s indirect beneficial ownership in the company increased to 114,750,000 shares. The transaction code 'G' confirms the nature of the acquisition as a gift.This significant share transfer, representing a substantial stake in Trump Media & Technology, occurred more than a year into the future from the current date, suggesting it may be part of a pre-planned ownership restructuring or estate planning strategy within the Trump family.