Company: DJTWW
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009143
Chunk: 64

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 64
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 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 equity use in future years to ensure our burn rate is within competitive market norms. Our future burn rate will depend on a number of factors, including the number of participants in the A&R Plan, the price per share, any changes to our compensation strategy, changes in business practices or industry standards, changes in our capital structure due to stock splits or similar events, the compensation practices of our competitors or changes in compensation practices in the market generally, and the methodology used to establish the equity award mix. Expected Share Usage Needs In requesting the approval of the Evergreen Provision and in setting the number of shares authorized for issuance under the A&R Plan, we also considered the potential dilution that would result by approval of the authorization of the share pool for the A&R Plan. The actual dilution will depend on several factors, including the types of awards made under the A&R Plan. The Board believes the number of shares requested represents a reasonable amount of potential equity dilution, within a competitive range of the median of similarly situated companies. The A&R Plan The purpose of the A&R Plan is to enhance our ability to attract, retain and motivate persons