Company: DJTWW
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009143
Chunk: 63

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 63
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 increase in the shares authorized under the A&R Plan is necessary for the Company to offer a competitive equity incentive program to provide meaningful recruitment and retention benefit to prospective or current directors, officers and employees. If stockholders do not approve the proposed increase in shares authorized under the 2024 Plan, the Company likely will be precluded from successfully attracting and retaining the best possible talent to move its business forward. For these reasons, we are asking our stockholders to approve the additional shares authorized for issuance under the A&R Plan and thereby enable us to continue to implement our long-term equity compensation program. Purpose of the A&R Plan The purpose of the A&R Plan is to promote the long-term success of the Company and the creation of shareholder value by (a) encouraging service providers to focus on critical long-range corporate objectives, (b) encouraging the attraction and retention of service providers with exceptional qualifications, and (c) linking service providers directly to shareholder interests through increased equity ownership. Consequences if the Incentive Plan Proposal is Not Approved If the Incentive Plan Proposal is not approved by stockholders, we believe the Company’s ability to recruit, retain and incentivize top talent will be adversely affected. Request for Approval of Share Pool Increase If stockholders do not approve our A&R Plan, our ability to grant equity awards to our planned new hires, as well as our existing employees and management team, will be severely limited, 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