company buying directors shares....
Tax Remittance and Share Repurchase
Effective August 22, 2024, the Board and the audit committee of Trump Media & Technology Group Corp. (the “Company” or “TMTG”) authorized a share repurchase of an aggregate of 128,138 shares of the Company’s common stock from certain executive employees at a prevailing market price of $22.70 per share. As consideration for the repurchase, the Company will remit $2,908,708, plus applicable penalties and interest, to the U.S. Internal Revenue Service and certain state taxing authorities in connection with the March 7, 2024 issuance of the TMTG Executive Promissory Notes.
Tax Remittance and Share Repurchase
Effective August 22, 2024, the Board and the audit committee of Trump Media & Technology Group Corp. (the “Company” or “TMTG”) authorized a share repurchase of an aggregate of 128,138 shares of the Company’s common stock from certain executive employees at a prevailing market price of $22.70 per share. As consideration for the repurchase, the Company will remit $2,908,708, plus applicable penalties and interest, to the U.S. Internal Revenue Service and certain state taxing authorities in connection with the March 7, 2024 issuance of the TMTG Executive Promissory Notes.
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