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-- Shares Facebook Twitter Reddit Email President-elect Donald Trump has transferred all of his Trump Media shares to the Donald J. Trump Revocable Trust, controlled by his eldest son, Donald Jr., according to regulatory filings revealed Thursday. The Securities and Exchange Commission filing showed that Trump received no money for the roughly 115 million shares in Trump Media & Technology Group — the parent company of his social media platform, Truth Social — that were transferred to the trust, describing it as “a bona fide gift.” The shares are worth about $4 billion. Trump Jr. is the sole trustee and has sole voting and investment power over all securities owned by the revocable trust, The Associated Press reported. Related Trump's trust allows him to collect money from his organization whenever he wants Trump Media shares slid in midday trading on Friday following the news, per The Associated Press. Trump Media — created after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot — was one of Trump's most valuable assets, according to The New York Times . He said on the campaign trail this year that he had no intention of selling any of his shares. It wasn't clear why he transferred them. It may be an attempt to avoid future conflicts of interest between his second term and his social media company, the Times reported. Trump has used Truth Social to announce cabinet nominees, top-ranking Trump administration officials and make statements about his proposed policies, as well as respond to criticism . Some have raised concerns about investors in Trump Media trying to gain favor with Trump. He has nominated two Trump Media board members to high-level positions in his administration, according to CNBC , and named Trump Media CEO Devin Nunes to chair the President’s Intelligence Advisory Board. In November, Trump Media & Technology Group was considering buying crypto trading firm Bakkt , the Financial Times reported. Industry analysts have warned that Trump's business connections to crypto could present conflicts of interest, since he selects the SEC chair overseeing crypto regulation and could financially benefit. Dennis Kelleher, CEO of Better Markets, told the New York Times the transfer of shares to a trust would do little to address potential conflicts. “This is not a blind trust with an independent trustee, where people can have confidence that the conflicts of interest are in fact removed,” he said. William LaPiana, dean of faculty at New York Law School and an expert on trusts and estates, said the trust isn't bound to withhold anything from Trump. “The person who created it can end it at any time,” LaPiana told the New York Times. “What you do is you tell the trustee: ‘I want all the property back.’” Read more about personal finance Inside Rubert Murdoch's family trust battle Billionaires bought big in 2024 Top 5 questions on investing under Trump MORE FROM Quinn Sental Advertisement:Both Oklahoma and Providence are hoping they'll have key pieces back in place when the two undefeated teams square off in the first round of the Battle 4 Atlantis on Wednesday in Paradise Island, Bahamas. The Friars (5-0) are expected to have Bryce Hopkins available, according to a report from Field of 68. Hopkins was averaging 15.5 points and 8.6 rebounds last season before suffering a torn anterior cruciate ligament Jan. 3. He returned to full-go practices last week, and Tuesday, Providence coach Kim English said Hopkins would be a "game-time decision" against the Sooners. "It's been a process," English said. "We're not rushing it." But English praised Hopkins' progress since the Friars' last game, Nov. 19, when Hopkins went through pregame warmups. "I thought he looked better than I remembered," English said. "He's been in our system for the past year. His patience, his understanding, his versatility on offense and defense ... it's been great to see him in practice." The Sooners (4-0) are hopeful that they'll get Brycen Goodine back. Goodine played for the Friars for two seasons from 2020-22 before transferring to Fairfield for two seasons and then to Oklahoma this offseason. Goodine suffered an ankle injury in the Sooners' opener Nov. 4 and has not played since. "He's a really tough kid and trying to push through it," Oklahoma coach Porter Moser said. "It will truly be one of those game-time decisions. He hasn't gone a full practice yet, just been pieces of practices." Playing with Goodine and Jadon Jones, expected to be two of the Sooners' top outside shooters, Moser said he's learned plenty about his team's offense. "When you're down those shooters, it's really a great weapon to know that a lot of other guys can knock down the open shot," Moser said. "It's been a huge takeaway." The Sooners have been led by Jalon Moore, who is averaging 18.8 points per game, and freshman Jeremiah Fears, who is averaging 15.5. Providence has been led by senior guard Bensley Joseph, who is averaging 11.8 points and 4.0 assists per game. Oklahoma has not played a game closer than 16 points yet this season, with an average margin of victory of 24 points. Providence has won its five games by an average of nearly 17 points per game. The teams will square off against either Davidson or No. 24 Arizona in the second round Thursday, with the winners playing each other in one semifinal while the losers play in a consolation semifinal. --Field Level Media