New York, April 26, 2026, 12:01 (EDT)
- Trump Media’s recent filing finally spelled out interim CEO Kevin McGurn’s compensation in black and white.
- Truth Social’s parent brought Meredith O’Rourke and Boris Epshteyn onto its board as well.
- DJT ended the latest session at $9.35. U.S. markets were shut Sunday.
Trump Media & Technology Group Corp. accelerated its top-level shakeup on Friday, disclosing in a filing that two longtime Trump confidants are now on its board. Interim CEO Kevin McGurn, meanwhile, secured a nine-month contract, which includes both cash compensation and a stock-unit award.
Investors finally have a look at the most detailed terms so far for the post-Devin Nunes transition at Truth Social’s parent, thanks to the new filing. The document also highlights the company drawing its core political and dealmaking team even closer, with shares still trading not far from single digits.
According to the filing, McGurn, 53, is set to get $125,000 per month for the first nine months, plus 146,198 restricted stock units, or RSUs. Those RSUs convert to shares after vesting. If he doesn’t become the permanent CEO, Trump Media said both sides have lined up a one-year consulting contract at $50,000 a month.
McGurn picked up 146,198 RSUs at a reported price of $0 on April 24, a separate Form 4 shows, following an initial filing that listed him as having no securities.
Trump Media disclosed that Nunes is out as employee, officer, and chairman. The filing shows his exit deal: base pay runs through Sept. 30, plus fast-tracked vesting on 96,721 time-based RSUs. Any remaining unvested equity is gone.
The board named Meredith O’Rourke and Boris Epshteyn to new roles starting April 24. According to the filing, O’Rourke has been Trump’s senior adviser and national finance director since 2022. Epshteyn, for his part, serves as senior counsel and senior adviser to Trump.
Trump Media tapped McGurn as interim CEO on April 21, noting he’d been advising the company since December 2024 and would steer efforts in social media, streaming, and M&A. “He brings deep experience across media, technology, and capital markets,” Donald Trump Jr. said on behalf of the board.
That background sits at the heart of the pitch. McGurn’s resume includes stints at T-Mobile, Vevo, and Hulu, and according to the filing, he’s also served as an executive or board member at multiple acquisition vehicles—among them Yorkville Acquisition Corp. and Texas Ventures Acquisition III Corp. A SPAC, or special purpose acquisition company, is a publicly traded shell set up to merge with or acquire another firm.
Execution looms as the key challenge. Trump Media is juggling Truth Social, its streaming arm Truth+, the financial offshoot Truth.Fi, crypto-related initiatives, and merger moves—all without a permanent CEO in place. For 2025, revenue landed at roughly $3.7 million, while net losses soared past $712 million, driven largely by unrealized losses on digital assets and associated securities, company data shared with Investopedia shows.
The gap is still stark. Truth Social stays locked in as Trump’s political loudspeaker, but mobile monthly active users slid 9% from a year ago, now just above 2 million, according to Similarweb data cited by Investopedia. Web traffic dropped harder—down 27%, landing at 4.6 million. Daily actives? Not even 320,000. That’s a fraction of X, which sees about 129 million.
DJT shares last changed hands at $9.35, putting the company’s market cap near $2.6 billion. Market data showed the stock quoted between $9.02 and $9.46.
The latest filings clear up McGurn’s temporary status—Trump Media has now formalized his interim role with a contract. But the larger issue is still hanging: can the refreshed leadership actually build a business model that generates steady revenue, not just ride the political attention that got them this far?
