New Delhi, April 2 -- Trump Media stock slid on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales, including by insider shareholders such as the president's trust. The parent company of Truth Social said in a filing dated April 1 that the company could soon sell roughly 8.4 million shares of common stock related to existing warrants issued during the IPO.

The company said insiders and major stakeholders could also sell up to about 134 million shares "from time to time." That includes the more than 114 million shares held by the Donald J. Trump Revocable Trust.The stock was down about 5% in midday trading.

President Donald Trump has previously said he does not plan to sell his stake i...