Securities and Exchange Commission filings show Trump is transferring all of his DJT shares to his revocable trust

President-elect Donald Trump This week he transferred his entire stake shares in Trump media To a revocable trust of which he is the sole and regulative beneficiary filings Revealed Thursday evening.

Trump received no money for his stock gift of 114,750,000 shares in Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Donald J. Trump Trust Securities and Exchange Commission.

Because Trump is the beneficiary of the trust, he now “indirectly” owns the Trump Media shares he transferred, the SEC filing noted.

Trump Media, whose shares trade under the ticker DJT, closed at $35.41 a share on Thursday, making the shares transferred more than $4 billion worth.

Trump, who is scheduled to be sworn in as president for a second non-consecutive term on January 20, was the largest individual shareholder in the social media company, which operates the Truth Social app. His stake represents approximately 53% of the company’s outstanding shares.

CNBC requested comment on the transfer from Trump spokespeople and Trump Media.

Thursday’s SEC filing said that after Trump transferred his stock, he “directly owned 0 shares of Trump Media & Technology Group Corp. He indirectly owned 114,750,000 shares of Trump Media & Technology Group Corp.”

The filing stated: “The reporting person (Trump) is the settlor and sole beneficiary of the fund.”

The type of transfer Trump used this week is not new for the president-elect, even though the dollar value of his shares exceeds the value of any assets he has previously transferred.

Before his first inauguration as president in 2017, Trump made similar transfers to the same revocable trust.

At that time, Trump transferred numerous real estate properties, assets and liabilities to the trust, according to reports from Mazarswhich was then his accounting firm.

He also made transfers to the fund in February 2016, when he was campaigning for president.

Trump has not held an executive position at Trump Media, whose shares began trading publicly earlier this year after the then-privately owned company merged with a public company, Digital World Acquisition Corp.

Trump nominated two Trump Media board members to high-level positions in his administration.

Trump appointed former wrestling mogul Linda McMahon to serve as Secretary of Education, and Cash Patel, a former Trump-era White House official, to become the next FBI director.

Trump also recently appointed Trump Media CEO Devin Nunes to chair the Presidential Intelligence Advisory Board.

This position does not require Senate approval.

Trump said Nunes, who previously represented a California district in the House of Representatives, will remain CEO of Trump Media.

– CNBC Christina Wilkie She contributed to this report.

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