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.

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,

Andrew Litinsky and Wes Moss, both former 2004 reality TV contestants on Trump's Apprentice show, liquidate over 7.5 million shares worth around $100 million after falling out with the former president.

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.

Andrew Litinsky, a former contestant on ‘The Apprentice’ and co-founder of Trump Media, sells most of his stake.