Trump Media Co-Founders Moved Quickly to Cash In Their Stake
- Former Apprentice stars likely reaped at least $88 million
- Republican nominee has insisted he won’t sell his stake
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The former contestants on Donald Trump’s TV show The Apprentice who co-founded his media startup wasted no time offloading millions of shares in the company after restrictions that prevented selling were lifted.
Andy Litinsky and Wes Moss’s United Atlantic Ventures sold more than 7.5 million Trump Media & Technology Group Corp. shares within a week after a lock-up agreement expired last week, according to a regulatory filing on Thursday. The stake would have been worth at least $88 million, based on the lowest price where shares have traded during regular hours since the restrictions were lifted.