Company: DJTWW
Filing Date: 2025-03-18
Form Type: 424B3
Source: 0001140361-25-009258
Chunk: 59

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: 424B3
Chunk 59
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, which would place us at a competitive disadvantage. After a review of our historical practices and our anticipated future growth, we believe that the shares that would become available under our A&R Plan if this proposal is approved would enable us to continue to grant equity awards, which is vital to our ability to attract and retain the talent required to support our continued growth in the extremely competitive labor market in which we compete. Outstanding Equity Awards In setting the number of shares authorized for issuance under the A&R Plan and proposing the inclusion of the Evergreen Provision, we considered the total outstanding equity awards under the 2024 Plan. To facilitate the approval of the A&R Plan, set forth below is certain additional information as of the record date. As of March 11, 2025, we had 220,412,376 shares of common stock issued and outstanding. The closing price of the shares as reported on the Nasdaq on March 17, 2025 was $20.56 per share. Historical Equity Award Granting Practices We also considered both our total equity “overhang” and our historical and projected annual “burn rate” in developing our share increase to the A&R Plan and analyzing the impact of using equity as a means of compensation on our stockholders. Our overhang percentage is 1.1%. Overhang is calculated by dividing the number of shares issuable pursuant to equity awards outstanding at the end of the fiscal year (2,428,018 shares with respect to fiscal 2024) by the number of common shares outstanding at the end of the fiscal year (220,050,011 shares with respect to fiscal 2024). 47

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Burn rate provides a measure of the potential dilutive impact of our equity award program which we calculate by dividing the number of shares subject to equity awards granted during the year by the basic weighted average number of shares outstanding. In proposing the number of shares authorized for issuance under the A&R Plan, we considered the number of equity awards granted under the 2024 Plan in the past fiscal year. In 2024, the Company granted equity awards representing a total of approximately 2,428,018 shares, as follows:

|                                                                      |     |        2024 |
| Restricted stock units granted                                       |     |   2,428,018 |
| Weighted-average number of shares outstanding during the fiscal year |     | 169,630,052 |
| Burn rate                                                            |     |        1.4% |

We will continue to monitor our