WASHINGTON (TNND) — President Donald Trump's social media company filed paperworkwith the Securities and Exchange Commission (SEC) on Monday, allowing the president's trust to sell more than $2 billion of shares.

The filing by Trump Media & Technology Group, which operates Truth Social, would allow Trump's trust to sell almost 115 million shares of the company's stock.

The president transferred his stake in the company into the Donald J. Trump Revocable Trust, controlled by his son, when he took office.

Trump returned to the stock market in 2024 after merging with shareholders of Digital World Acquisition Corp., a publicly traded shell company.

Truth Social launched in February 2022, one year after Trump was banned from major social platforms, including Facebook and Twitter, the platform now known as X, following the Jan. 6 insurrection at the U.S. Capitol.

Trump said in September he had no intention of selling his shares in the company because he "didn't need the money."