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TONX · Ton Strategy Co
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TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475
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TONX

TON Strategy Co
FINANCIAL SERVICES · FINANCE SERVICES · CIK 0001566610
CLUSTER · 4 INSIDERSC-SUITE BUYING · 3☆ WATCH
INSIDER NET · 180D
-$467.8K
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
4
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
22
13F, latest reported quarter
REVENUE GROWTH
+1327.8%
XBRL, annual
NET MARGIN
-1161.9%
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$467.8K over 180 days
-$578.9K over 90 days
more than 54% of Financial Services
CONGRESS
no member of Congress has reported trading it
FUNDS
22 funds added or opened last quarter
below 68% of Financial Services
REVENUE
+1327.8% year over year
more than 99% of Financial Services
MARGIN
-1161.9% net margin
below 95% of Financial Services
BUYBACKS
$20.6M repurchased, FY to 2025-12-31
below 55% of Financial Services
SHORT
no short interest reported
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN -74.6%
-74.6%12M
-85%-57%-28%+0%2025-092025-102025-122026-032026-052026-072026-09 2025-12-05 · CUTAIA RORY J. sold $4.7M2025-11-26 · CUTAIA RORY J. sold $747.6K2026-08-14 · Olsen Sarah Josephine sold $598.7K2025-09-29 · Stotz Manuel bought $497.7K2025-12-10 · 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 $135.0K2025-12-04 · 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 $90.7K2025-12-03 · CUTAIA RORY J. sold $90.7K2025-12-15 · CUTAIA RORY J. sold $89.8K2025-12-05 · CUTAIA RORY J. sold $46.8K2026-05-14 · Wilson Kevin Mark bought $29.4K2026-05-14 · 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 $4.5K
INSIDER BUYINSIDER SELL
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
4 insiders reported buying shares.
The record shows a net $467.8K sold by insiders over 180 days, 22 funds added last quarter. Every figure is a federal filing, dated the day it became public.
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, TON Strategy Co insiders sold a net $467.8K of stock across 27 Form 4 purchases and sales, with 4 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER
FILED
SHARES
VALUE
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-14
1,700.0
$4.5K
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-14
1,900.0
$5.1K
Olsen Sarah Josephine
CFO & COO
SELL
2026-08-14
217,450.0
$598.7K
Wilson Kevin Mark
Chief Executive Officer
BUY
2026-08-13
3,700.0
$10.2K
Marbach Mary
General Counsel/Corp Secretary
BUY
2026-05-15
1,600.0
$5.6K
27 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 22 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders
13F · holdings as of the latest quarter funds have reported
Kingsway Capital Partners Ltd
12,091,720.0 sh
$30.8M
VY Capital Management Co. Ltd.
6,125,821.0 sh
$15.6M
ARISTEIA CAPITAL, L.L.C.
4,895,110.0 sh
$12.5M
VANGUARD CAPITAL MANAGEMENT LLC
2,185,301.0 sh
$5.6M
Ribbit Management Company, LLC
1,577,287.0 sh
$4.0M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
FORM 144
No planned-sale notices
No insider has notified an intent to sell. This is the panel to watch after a run-up.
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Schwab U.S. Small-Cap ETF
$446.7K POSITION · AS OF 2026-02-28
0.0%
VANGUARD EXTENDED MARKET INDEX FUND
$1.3M POSITION · AS OF 2026-03-31
0.0%
Victory Extended Market Index Fund
$10.1K POSITION · AS OF 2026-04-30
0.0%
Fidelity Extended Market Index Fund
$486.5K POSITION · AS OF 2026-02-28
0.0%
Fidelity Nasdaq Composite Index Fund
$76.0K POSITION · AS OF 2026-02-28
0.0%
Total Stock Market Index Trust
$2.8K POSITION · AS OF 2026-03-31
0.0%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Executive pay vs shareholder return · Rory J. Cutaia
DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself
FY
CEO TOTAL
ACTUALLY PAID
OTHER NEOs AVG
TSR
PEER TSR
2022
$1.1M
$501.0K
$670.0K
-87%
TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$12.8M$895.0K$63.0K$8.0K
GROSS PROFIT$6.1M
OPERATING INCOME$-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$-8.8M$-19.4M
CASH$39.5M$7.6M$2.4M
BUYBACKS$20.6M
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

SEC FORM 4FORM 13F 13D/GFORM 144XBRL STOCK ACTCONTRACTSFEC CFPBNRC
© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-05 ALL SYSTEMS LIVE FOR MACHINES →