Donald Trump transferred 114.75 million shares, or 53% of Trump Media & Technology’s outstanding stock, worth around $4 billion on paper, to Donald J. Trump Revocable Trust.

A regulatory filing showed that the president-elect transferred some 115 million shares of Trump Media to a trust controlled by his son Donald Trump Jr.

Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing.

U.S. President-elect Donald Trump has moved the stake he owns in Trump Media & Technology to a revocable trust. Trump transferred 114.75 million shares, or 53% of Trump Media & Technology's outstanding stock,

President-elect Donald Trump transfered about $4 billion worth of shares in his media company to a trust that is controlled by his eldest son, Donald Trump Jr.

Trump Media & Technology Group Corp.’s stock fell about 6% Friday after Donald J. Trump transferred his entire $4 billion stake in the company into a revocable trust, according to filings.

Trump Media & Technology's shares fell about 6% on Friday after U.S. President-elect Donald Trump moved the stake he owns in the social media company to a revocable trust. The move comes after Trump said in November that he had no intention of selling his shares in the company,

Donald Trump moved his roughly 57% stake in Trump Media & Technology Group to his revocable living trust, according to a recent regulatory filing—raising the possibility his shares could be traded during his presidency by his oldest son—causing shares in the Truth Social parent to slide 6% while cutting about $200 million from the president-elect’s net worth.