“Right. So what? How is that relevant to the timing of when Trump might choose to sell his shares, once the lock-up is over?” The purpose of that S1 filing was to remove the restrictive legend making the shares and wts free trading, once the S1 was declared, effective. Trump didn’t sell any shares at 40 plus, but, the old tricks might still be available. He may have borrowed against his share months ago, which should be a required disclosure move, but it still might not be even today. The borrower may have then sold the collateral, if they felt the safety of the loan was at risk. I don’t believe borrowing against your shares , even if you are a, control person” is required disclosure. Friends who tried to short the stock months ago couldn’t borrow it, and the cost was 10 percent a month in a few spots if available in small quantities.

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