Company: DJTWW
Filing Date: 2025-03-18
Form Type: 424B3
Source: 0001140361-25-009272
Chunk: 33

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: 424B3
Chunk 33
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 vesting, contingent upon the named executive officer’s continued employment with the Company. Employee Benefits and Perquisites We currently maintain health and welfare plans (including medical, dental and vision plans) for all of our full-time employees, including the named executive officers. We currently provide Messrs. Nunes, Juhan, and Novachki with reasonable business reimbursement expenses, and health and welfare benefits that are provided to all of our employees. We paid $25,620 in legal fees towards Mr. Novachki’s permanent residency application. Other than these benefits provided to Messrs. Nunes, Juhan, and Novachki, we do not provide any perquisites to the named executive officers. Promissory Notes We issued executive promissory notes to certain executives, including each of the named executive officers. The principal amounts of the named executive officers’ executive promissory notes were as follows: $1,150,000 for Mr. Nunes, $4,900,000 for Mr. Juhan and $450,000 for Mr. Novachki. The Company was not required to pay any interest pursuant to the executive promissory notes. The executive promissory notes were issued in conjunction with removing certain other entitlements. Upon the Closing, the executive promissory notes automatically converted in whole, without any further action by the named executive officers, into an aggregate total of 650,000 shares of Company common stock. Employment Agreements We have entered into employment agreements with Messrs. Nunes, Juhan, and Novachki. Devin G. Nunes Employment Agreement On May 10, 2022, we entered into an executive employment agreement with Devin Nunes to be effective as of January 2, 2022, pursuant to which Mr. Nunes serves as the Chief Executive Officer of the Company (the “ Nunes Agreement”). The Nunes Agreement provides for an annual base salary of $750,000 (subject to increase to $1,000,000 effective as of the second anniversary of the effective date), with eligibility to participate in the annual bonus plan, if any, and an initial incentive equity grant of 145,000 RSUs. Any annual bonus and RSUs will remain subject to vesting and other terms as the Board determines in its discretion. The Nunes Agreement also provides for severance in the event of a termination by the Company without cause or by Mr. Nunes for good reason of accrued obligations plus an amount equal to six months of base salary. Following our issuance of the executive promissory note to Mr. Nunes,