Trump Media stock fell Wednesday after a filing revealed the potential for major insider stock sales, including shares held by the president’s trust, according to CNBC. Trump Media said it may sell shares tied to earlier warrants and that insiders and major stakeholders could also sell many shares over time. Trump Media said that while more shares could be sold than are currently available for public trading, the filing does not mean insiders plan to sell right now. Trump Media’s stock has plunged about 70% from its postmerger highs.
