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.

United Atlantic Ventures, managed by Trump Media co-founder Andrew Litinsky, who had appeared on Trump’s hit reality TV show “The Apprentice,” cut its 5.5% stake in Trump Media & Technology.

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, that stake is worth roughly $100 million at current prices.

Former President Donald Trump is the majority owner of Trump Media, the Truth Social operator, whose shares trade under the DJT ticker.

A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.

Shares of former U.S. President Donald Trump's media company sprang back over 6% on Wednesday, rebounding from all-time lows after restrictions on insider selling expired last week. Two straight days of gains in Trump Media & Technology Group,

Had Trump moved to liquidate part of his 59% stake at the first available opportunity to meet heavy legal costs, the parent of Truth Social would have had to report the sale by now.

A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.

Shares of former U.S. President Donald Trump's media company sprang back over 6% on Wednesday, rebounding from all-time lows after restrictions on insider selling expired last week.

Trump Media & Technology Group Inc.’s stock was up nearly 7% in premarket trading on Wednesday as a two-day deadline passed with no fresh filings from insiders selling stock.