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“ You seem to be saying that although Trump can't sell on the open market under the lockup, but he can make a private sale? Would he still need BOD approval to do that?“ The rules may have changed in the past 25 years but technically, firms can’t get short, knowing a restricted seller is about to free up restricted stock, and use those shares to cover their short However I suppose it happens 😇😇. Djt can do a secondary consisting of say 3 million shares from the company and 3 million trump shares, via an amended lock up agreement. Cash in trumps pocket removes the anxiety of Trump needing cash to pay the fines, judgments, attorney fees etc he faces.
