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I believe it's not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.
It's hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn't be surprised if it's still quite overvalued, and so it makes sense for those investors to try to sell at this price.
And we know Mr Trump hasn't dumped his stock because ... he said so?
Are we back to believing anything this lying felon says?
https://www.marketwatch.com/articles/trump-djt-stock-sell-lockup-d4b275bf?mod=mw_quote_news
Add it to the pile. Maybe we'll get around to punishing him for one of these things in the next decade.