Trump Media & Technology Group Corp.DJT

Trump Media & Technology Group Corp. Stock Compensation Disclosure

10-KFiled Feb 27, 20262 min read
NOTE 14 – STOCK BASED COMPENSATION

2024 Equity Incentive Plan

At our Annual Meeting of Stockholders on April 30, 2025, our stockholders approved our amended and restated 2024 Equity Incentive Plan (the “2024 Plan”) to automatically increase the  available share pool each January 1 commencing in 2026 through 2034 by an amount equal to 5% of the total number of shares of common stock outstanding as of the prior December 31, each year.  The name of the 2024 Plan has been updated to the Trump Media & Technology Group Corp. 2024 Equity Incentive Plan and the applicable governing law has been updated to the laws of the State of Florida. As of December 31, 2025, 7,943,951 shares were available for issuance under the 2024 Plan.

The following table summarizes stock award activity:

   
Number of Shares of
Common Stock
    
Weighted Average
Grant-Date Fair
Value
    
Aggregate Intrinsic
Value
  
Outstanding at January 1, 2024
  

-
      
-
      
-
  
Granted: RSUs
    
2,428,018
      
33.94
      
-
  
Vested
    
(607,003
)
    
33.94
      
-
  
Forfeited
    
-
      
-
      
-
  
Outstanding at December 31, 2024
    
1,821,015
      
33.94
       -
 
Granted: RSUs
    
3,023,481
      
23.29
      
-
  
Vested
    
(1,537,560
)
    
32.42
      
-
  
Forfeited
    
(142,906
)
    
26.70
      
-
  
Outstanding at December 31, 2025
    
3,164,030
    
$
24.83
    
$
41,891.8
  

The aggregate fair value of awards that vested in 2025 was $32,682.5, which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in 2025 was $49,849.1. The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.

As of December 31, 2025, unrecognized compensation expense related to non-vested equity grants was $68,676.1 with an expected remaining weighted-average recognition period of approximately 1.84 years.

About Stock Compensation Disclosures

Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.

Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.

Other Available Disclosures

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