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TONX · Ton Strategy Co
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TONX TON Strategy (TONX) Insider Trading, Ownership & Congress Trades

Financial Services · Finance services · CIK 0001566610
Quote by TradingView
Cluster · 4 insidersC-suite buying · 3Form 144 · 1
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
22
13F, latest reported quarter

What the filings say about TONX

Insiders, 180 days
-$538.4K net sold
4 buyers · 2 sellers · 0% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$42.8K
1 notice

TON Strategy insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

Over the last 180 days, TON Strategy Co insiders sold a net $538.4K of stock across 24 Form 4 purchases and sales, with 4 insiders buying. Source: SEC Form 4 filings, as of 2026-10-28.

Insider
Filed
Shares
Value
Since filing
Rivard Bill John
Chief Accounting Officer
SELL
2026-09-08 SECtraded 2026-09-04
12,500
$41.3K
+6.8%
Context
  • First Form 4 purchase or sale (code P or S) here by this insider on our record.
  • The trade is 27.6% of the 45,331 shares held after it.
  • 1 other insider sold within 30 days.
  • 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Accounting Officer Rivard Bill John sold about $41.3K of TONX on Sep 4, 2026; 1 other insider sold within 30 days and 22 funds added in the latest 13F quarter.
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-14 SEC
1,700
$4.5K
+16.7%
Context
  • 2 earlier Form 4 trades (code P or S) here by this insider (2 buys), the last on Aug 13, 2026.
  • The trade is 0.1% of the 1,150,920 shares held after it.
  • No other insider bought within 30 days.
  • 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Wilson Kevin Mark bought about $4.5K of TONX on Aug 14, 2026; 22 funds added in the latest 13F quarter.
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-14 SEC
1,900
$5.1K
+16.7%
Context
  • 2 earlier Form 4 trades (code P or S) here by this insider (2 buys), the last on Aug 13, 2026.
  • The trade is 0.2% of the 1,152,820 shares held after it.
  • No other insider bought within 30 days.
  • 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Wilson Kevin Mark bought about $5.1K of TONX on Aug 14, 2026; 22 funds added in the latest 13F quarter.
Olsen Sarah Josephine
CFO & COO
SELL
2026-08-17 SECtraded 2026-08-14
217,450
$598.7K
+25.6%
Context
  • 1 earlier Form 4 trade (code P or S) here by this insider (1 buy), the last on May 14, 2026.
  • The trade is 16.6% of the 1,310,490 shares held after it.
  • 1 other insider sold within 30 days.
  • 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CFO & COO Olsen Sarah Josephine sold about $598.7K of TONX on Aug 14, 2026; 1 other insider sold within 30 days and 22 funds added in the latest 13F quarter.
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-14 SECtraded 2026-08-13
3,700
$10.2K
+16.7%
Context
  • 1 earlier Form 4 trade (code P or S) here by this insider (1 buy), the last on May 14, 2026.
  • The trade is 0.3% of the 1,149,220 shares held after it.
  • No other insider bought within 30 days.
  • 22 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Wilson Kevin Mark bought about $10.2K of TONX on Aug 13, 2026; 22 funds added in the latest 13F quarter.
24 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
Showing the latest few. to see 19 more transactions and use the screener and CSV export. We store only your email; there is no password.
Seven facts, ranked against the sector · Rank is not a forecast
Insiders
net -$538.4K over 180 days
-$620.2K over 90 days
more than 56% of Financial Services
Congress
no House purchase disclosed in the last 12 months
Funds
22 funds bought in last quarter
below 69% of Financial Services
Revenue
+1327.8% year over year
more than 98% of Financial Services
Margin
-1161.9% net margin
below 95% of Financial Services
Buybacks
$20.6M repurchased, FY to 2025-12-31
below 56% of Financial Services
Short interest
9.4% of the float short (float per yahoo 2026-10-26) · 7.0 days to cover · settled 2026-09-30
more than 72% of Financial Services
What changed in the last 30 days
Nothing new filed in the last 30 days

Watch TONX

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-13.2%12M
-53%-30%-8%+14%2025-102025-122026-022026-042026-062026-082026-10 2025-11-26 · CUTAIA RORY J. sold $747.6K2026-08-14 · Olsen Sarah Josephine sold $598.7K2025-12-10 · CUTAIA RORY J. sold $354.4K2025-12-02 · CUTAIA RORY J. sold $331.8K2025-11-24 · CUTAIA RORY J. sold $326.3K2025-12-16 · CUTAIA RORY J. sold $137.9K2025-12-04 · CUTAIA RORY J. sold $135.0K2025-11-25 · CUTAIA RORY J. sold $130.5K2025-11-28 · CUTAIA RORY J. sold $115.7K2025-12-01 · CUTAIA RORY J. sold $114.2K2025-12-12 · CUTAIA RORY J. sold $107.6K2025-12-03 · CUTAIA RORY J. sold $90.7K2025-12-15 · CUTAIA RORY J. sold $89.8K2025-12-05 · CUTAIA RORY J. sold $46.8K2026-09-04 · Rivard Bill John sold $41.3K2026-05-14 · Wilson Kevin Mark bought $29.4K2026-05-14 · Olsen Sarah Josephine bought $26.9K2026-08-13 · Wilson Kevin Mark bought $10.2K2026-05-14 · Sohn Evan bought $9.9K2026-05-14 · Sohn Evan bought $9.9K2026-05-15 · Marbach Mary bought $5.6K2026-08-14 · Wilson Kevin Mark bought $5.1K2026-08-14 · Wilson Kevin Mark bought $4.5K2026-09-04 · Rivard Bill John filed to sell $42.8K
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns TONX: institutional holders (13F)

13F holdings, latest reported quarter
Kingsway Capital Partners Ltd
12,091,720 sh
$30.8M
VY Capital Management Co. Ltd.
6,125,821 sh
$15.6M
ARISTEIA CAPITAL, L.L.C.
4,895,110 sh
$12.5M
VANGUARD CAPITAL MANAGEMENT LLC
2,185,301 sh
$5.6M
Ribbit Management Company, LLC
1,577,287 sh
$4.0M

Congress trades in TONX

No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.

Activist and 5% holders (13D/13G)

No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.

TONX planned insider sales (Form 144)

Notice of intent to sell, filed before any sale
Rivard Bill John
Filed 2026-09-04
$42.8K

TONX mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
iShares Micro-Cap ETF
$341.3K position · as of 2026-06-30
0.0%
1290 VT Micro Cap Portfolio
$23.0K position · as of 2026-06-30
0.0%
Schwab U.S. Small-Cap ETF
$902.5K position · as of 2026-05-31
0.0%
Fidelity Extended Market Index Fund
$986.9K position · as of 2026-05-31
0.0%
Victory Extended Market Index Fund
$14.0K position · as of 2026-07-31
0.0%
VANGUARD EXTENDED MARKET INDEX FUND
$1.3M position · as of 2026-06-30
0.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Executive pay vs shareholder return · Rory J. Cutaia
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2022
$1.1M
$501.0K
$670.0K
-87%
n/a
Tagged by the company under SEC Item 402(v). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
4 insiders reported buying shares.
The record shows a net $538.4K sold by insiders over 180 days, 22 funds added last quarter, $42.8K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector by SEC SIC code
MSTRCOINMORNUPSTIBKRCACCARESHOODRKTSCHWGSDAVE

TONX financials

Revenue growth
+1327.8%
XBRL, annual
Net margin
-1161.9%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$29.6M
four quarters, 2025-07-01 to 2026-06-30
Net margin, TTM
-532.8%
net income over revenue, 2025-07-01 to 2026-06-30
Free cash flow, TTM
-$24.4M
operating cash flow minus capex, 2025-04-01 to 2026-03-31
Debt to equity
0.01x
current debt only, 2023-12-31 (30 months older than the period end); equity 2026-06-30
Cash flow to debt
-4.18x
TTM operating cash flow over current debt only, 2023-12-31 (30 months older than the period end)
Return on equity
-75.5%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets
-73.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on invested capital
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Return on capital employed
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Enterprise value
$158.2M
market value at close 2026-10-27 on 2026-08-04 shares, plus current debt only, 2023-12-31 (30 months older than the period end), minus cash 2026-06-30
FCF yield
-13.5%
TTM free cash flow over market value at close 2026-10-27
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
2025-122024-122023-122022-12
Revenue$12.8M$895.0K$63.0K$9.4M
Gross profitn/an/an/a$6.1M
Operating income-$36.4M-$11.6M-$13.8M-$18.9M
Net income-$148.5M-$10.3M-$22.0M-$37.4M
EPS (diluted)-5.96-19.36-441.48-6.68
Operating cash flow-$20.8M-$8.8Mn/a-$19.4M
Cash$39.5M$7.6Mn/a$2.4M
Buybacks$20.6Mn/an/an/a
SEC XBRL, fiscal years, as known on 2026-10-28

TONX Stock Sonar score 6/7 axes

Find similar shapesCompare

TONX ranks highest on growth (98th percentile) and insider conviction (75th), and lowest on risk and compliance (15th), among Financial Services peers.

ProfitHealthGrowthInsidersInstitutionsRisk
Profitability
18
Inputs
  • Return on equity-75.5% · 20 pct, sector of 205
  • Return on assets-73.9% · 17 pct, sector of 266
  • Return on invested capitalthe filed year and its quarters do not reconcile, so the trailing figure is withheld
  • Return on capital employedthe filed year and its quarters do not reconcile, so the trailing figure is withheld
Financial health
46
Inputs
  • Debt to equity0.01x · 82 pct, sector of 181
  • Cash flow to debt-4.18x · 11 pct, sector of 141
Growth
98
Inputs
  • Revenue growth, YoY+1328% · 98 pct, sector of 245
  • Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
75
Inputs
  • Net Form 4 buying (codes P and S), 180d-$538K · 55 pct, sector of 161
  • Insider buyers, 180d4 · 96 pct, sector of 165
Institutional and government
31
Inputs
  • Funds adding, latest quarter22 · 31 pct, sector of 278
  • Congress net buyers, 365dno Congress trades in 365 days
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
15
Inputs
  • Short interest, % of float+9.4% · 20 pct, sector of 390
  • Recalls per $1B revenue, 3yrevenue under $50M or not filed, so a count cannot be scaled to size
  • EPA cases per $1B revenue, 5yrevenue under $50M or not filed, so a count cannot be scaled to size
  • New text in Risk Factors, latest 10-K+66.3% · 10 pct, sector of 175
1 not measured: US patents
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

TONX filings, in plain words

Are TON Strategy insiders buying or selling TONX?

In the 180 days to 2026-10-28, TON Strategy insiders were net sellers, a net $538.4K: $101.6K of purchases and $640.0K of sales reported on Form 4, by 4 buyers and 2 sellers.

Are there planned insider sales of TONX?

Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-28, covering $42.8K of stock; the latest, by Rivard Bill John, was filed 2026-09-04.

Read the full summary

In the 180 days to 2026-10-28, TON Strategy insiders were net sellers of TONX, a net $538.4K across purchases and sales reported on Form 4 by 4 buyers and 2 sellers. 4 insiders reported purchases in that window. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-28, covering $42.8K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.

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