United Atlantic Ventures LLC reduced its shares of Trump Media & Technology group following the end of a lockup period preventing major shareholders from selling their stakes.

Trump Media co-founder Andrew Litinsky now owns only 100 shares through United Atlantic Ventures — an investment vehicle for one of the company’s founders.

UAV, an investment partnership of former "Apprentice" contestants Andrew Litinsky and Wes Moss, dumped virtually its entire stake in the company on Thursday.

A company co-founded by Andrew Litinsky and Wesley Moss, two previous “Apprentice” contestants, has sold the majority of its shares in former President Donald Trump ’s social media company, according to a Securities and Exchange Commission filing Thursday.

United Atlantic Ventures (UAV) sold nearly 11 million shares in Trump Media after a lock-up period expired, leaving the company with just 100 shares.

Trump Media's recent swings in the market underscore the danger of buying into a company that is so inextricably linked with a single person.

TV contestants on Trump’s Apprentice show, liquidated over 7.5 million shares worth around $100 million after falling out with the former president.

A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile,

Key Takeaways A big Trump Media & Technology shareholder unloaded millions of shares not long after becoming eligible to do so—but it wasn't Trump himself.Investors have waited to see whether any of the insiders who became able to sell shares after a lock-up period ended would do so.