Trump Media Gifts Djt Shares to FBI Pick Kash Patel, Linda McMahon and President’s Son

Trump Media This week gifted thosands of shares of company stock to president Donald Trump‘S Nominee for FBI Director, Kash patelTo Trump’s Eldest Son and to Four Other Board MembersNew regulatory filings show.

The company Awarded 25,946 Stock Shares Each to Patel, Donald Trump Jr.And the President’s Pick for Education Secretary, Linda McMahon, Who All Serve as Trump Media directorsThe Filings Thursday Reveal.

Three other directors – Former US Trade representative Robert lighthizerEric swider and kyle green – received the same number of djt shares at no cost, according to Securities and Exchange Commission Filings.

The filings said the awards were granted tuesday. Trump Media That Day Closed Trading at $ 30.04 per share.

At that price, the shares have a paper value of more than $ 779,400. But most of the stock awarded has restrictions on when it can be sold.

Djt was trading at Around $ 31.50 per share as of 2:30 pm Et on Friday.

The filings said the stock was granted “as considers for services provided” Between Late Mars 25.

The disclosures come as critics say the president’s financial entanglements and recent business ventures poses Conflicts of Interest For Members of his administration.

The stock awards were made public hours after patel appeared for a Senate Hearing On his nomination to lead the FBI, the top us law enforcement agency.

Trump Media, which operates the Truth Social App, on Wednsday Announced it was expanding into Financial services,

Weeks after winning the Presidential Election, Trump Transferred His Majority Stake In Trump Media to his revocable Trust. Trump is the Sole Beneficiary of the Trust, and Trump Jr. IS Its only trustee.

The new sec filings said the shares Awarded Tuesday to the Six Board Members are restricted stock units that will vest in installments.

Twenty-fit percent of the awarded RSUS-About 6,487 Shares per Director-Immedited Vested, meaning they can be sold at any time. The paper value of that shares was brought $ 195,000 as of tuesday’s closing trade.

The remain of 75% of the rsus will waste in nine Quarterly Installments Over Two Years Beginning March 25.

Trump Media Did Not Immedited to CNBC’s Request for Comment.