TON Strategy Co (TONX) Insider Trading

Last 12 months

Insiders bought $102k and sold $3.37M on the open market.

None of the selling was scheduled in advance under a 10b5-1 plan. Director Rory J. Cutaia sold $1.2M on Nov 26, 2025, 43% of their stake, outside a plan.

Net open-market

−$3.27M

6 buys · 7 sales

Under a 10b5-1 plan

of the value sold

Insiders who bought / sold

4 / 3

executives and directors

Last open-market buy

Aug 2026

Aug 14, 2026

Get an email when TONX's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Sep 4	Bill John Rivard Chief Accounting Officer	SoldNo plan	12,500	$3.30	$41k	22%	Form 4
Aug 14	Sarah Josephine Olsen CFO & COO	SoldNo plan	217,450	$2.75	$598k	14%	Form 4
Aug 13 – 14	Kevin Mark Wilson Chief Executive Officer	Bought 3 parts	7,300	$2.72 average	$20k	0.6%	Form 4
May 15	Mary Marbach General Counsel/Corp Secretary	Bought	1,600	$3.52	$6k	New	Form 4
May 14	Evan Sohn Director	Bought	2,770	$3.59	$10k	34%	Form 4
May 14	Kevin Mark Wilson Chief Executive Officer	Bought	8,020	$3.66	$29k	New	Form 4
May 14	Evan Sohn Director	Bought	2,770	$3.59	$10k	105%	Form 4
May 14	Sarah Josephine Olsen CFO & COO	Bought	7,440	$3.62	$27k	New	Form 4
Dec 15, 2025 – Dec 16, 2025	Rory J. Cutaia Director	SoldNo plan 2 parts	88,626	$2.57 average	$228k	88%	Form 4
Dec 10, 2025 – Dec 12, 2025	Rory J. Cutaia Director	SoldNo plan 2 parts	151,449	$3.05 average	$462k	60%	Form 4
Dec 3, 2025 – Dec 5, 2025	Rory J. Cutaia Director	SoldNo plan 3 parts	78,600	$3.47 average	$273k	24%	Form 4
Nov 28, 2025 – Dec 2, 2025	Rory J. Cutaia Director	SoldNo plan 3 parts	177,749	$3.16 average	$562k	35%	Form 4
Nov 24, 2025 – Nov 26, 2025	Rory J. Cutaia Director	SoldNo plan 3 parts	390,940	$3.08 average	$1.2M	43%	Form 4
Sep 29, 2025	Manuel Stotz Director	Bought	70,000	$7.11	$498k	3.1%	Form 4

Sep 4No plan
Bill John Rivard
Chief Accounting Officer · sold 12,500 at $3.30
$41k
22% of stake
Aug 14No plan
Sarah Josephine Olsen
CFO & COO · sold 217,450 at $2.75
$598k
14% of stake
Aug 13 – 14
Kevin Mark Wilson
Chief Executive Officer · bought 7,300 at avg $2.72
$20k
0.6% of stake
May 15
Mary Marbach
General Counsel/Corp Secretary · bought 1,600 at $3.52
$6k
New position
May 14
Evan Sohn
Director · bought 2,770 at $3.59
$10k
34% of stake
May 14
Kevin Mark Wilson
Chief Executive Officer · bought 8,020 at $3.66
$29k
New position
May 14
Evan Sohn
Director · bought 2,770 at $3.59
$10k
105% of stake
May 14
Sarah Josephine Olsen
CFO & COO · bought 7,440 at $3.62
$27k
New position
Dec 15, 2025 – Dec 16, 2025No plan
Rory J. Cutaia
Director · sold 88,626 at avg $2.57
$228k
88% of stake
Dec 10, 2025 – Dec 12, 2025No plan
Rory J. Cutaia
Director · sold 151,449 at avg $3.05
$462k
60% of stake
Dec 3, 2025 – Dec 5, 2025No plan
Rory J. Cutaia
Director · sold 78,600 at avg $3.47
$273k
24% of stake
Nov 28, 2025 – Dec 2, 2025No plan
Rory J. Cutaia
Director · sold 177,749 at avg $3.16
$562k
35% of stake
Nov 24, 2025 – Nov 26, 2025No plan
Rory J. Cutaia
Director · sold 390,940 at avg $3.08
$1.2M
43% of stake
Sep 29, 2025
Manuel Stotz
Director · bought 70,000 at $7.11
$498k
3.1% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch TONX, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Spot a number that looks wrong? Check it in TONX's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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