Donald Trump is set to receive another US$1.25 billion worth of stock in Trump Media & Technology Group Corp (NASDAQ:DJT), Truth Social’s parent, as part of an earnout bonus.
To qualify for the payout, the shares must remain above a minimum benchmark price of US$17.50 each for 20 trading days within a 30-day period.
This period began on March 25, with Tuesday marking the 20th day the shares have remained above this.
Trump Media shares had closed at US$35.50 on Monday, more than double the benchmark price, meaning the former president would be eligible for the bonus given no major shocks through Tuesday.
“Assuming the full issuance of the earnout shares, President Donald J. Trump will receive 36,000,000 earnout shares,” the company said in a securities filing.
Trump Media began trading in New York under the DJT ticker on March 26, having floated at US$70.90 per share.
If Trump were to receive the bonus, his stake in the company would jump to more than US$4 billion on paper, with the former president currently holding 78.75 million shares.
This comes as Trump is in court in New York over his criminal hush money trial, with the hearing set to continue on Tuesday.