President Donald Trump’s social media startup gifted more than $800,000 worth of stock each to Kash Patel, his nominee to run the FBI, and Linda McMahon, his pick to lead the Education Department, according to regulatory filings.
Patel and McMahon — who both sit on the company’s board — were each awarded 25,946 shares in Trump Media & Technology Group, the filings show.
Other Trump Media board members, including the president’s eldest son, Donald Trump Jr., and former U.S. Trade Representative Robert Lighthizer, were also given the same amount of stock in the company.
Trump Media called the gifts in the filings “consideration for services provided” in 2024.
Based on the company’s closing share price of $31.86 on Friday, the stock gifts were worth about $826,000 apiece. However, the board members can only sell a portion of the awards now — with the majority set to become available over the course of the next two years.
Patel and McMahon — who both sit on the company’s board — were each awarded 25,946 shares in Trump Media & Technology Group, the filings show.
Other Trump Media board members, including the president’s eldest son, Donald Trump Jr., and former U.S. Trade Representative Robert Lighthizer, were also given the same amount of stock in the company.
Trump Media called the gifts in the filings “consideration for services provided” in 2024.
Based on the company’s closing share price of $31.86 on Friday, the stock gifts were worth about $826,000 apiece. However, the board members can only sell a portion of the awards now — with the majority set to become available over the course of the next two years.
