TON Strategy Co (TONX) director Form 4 details December 2025 stock trades

Rhea-AI Filing Summary

TON Strategy Co director reports share disposals in December 2025. Director Rory J. Cutaia reported two transactions in the company’s common stock.

On 12/10/2025 he disposed of 112,870 shares at $3.14 per share, and on 12/12/2025 he disposed of 38,579 shares at $2.79 per share. After these transactions, he beneficially owned 101,132 shares of TON Strategy Co common stock directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CUTAIA RORY J.

(Last) (First) (Middle)

C/O TON STRAGEGY COMPANY

3024 SIERRA JUNIPER COURT

(Street)

LAS VEGAS NV 89138

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TON Strategy Co [ TONX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/10/2025		S		112,870	D	$3.14	139,711	D
Common Stock	12/12/2025		S		38,579	D	$2.79	101,132	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Rory J. Cutaia	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did TON Strategy Co (TONX) disclose in this Form 4?

The Form 4 discloses that director Rory J. Cutaia disposed of TON Strategy Co common stock in two transactions on 12/10/2025 and 12/12/2025.

Who is the reporting person in TON Strategy Co (TONX)'s latest Form 4?

The reporting person is Rory J. Cutaia, who is listed as a Director of TON Strategy Co.

How many TON Strategy Co (TONX) shares did Rory J. Cutaia dispose of on 12/10/2025 and at what price?

On 12/10/2025, Rory J. Cutaia disposed of 112,870 shares of TON Strategy Co common stock at a price of $3.14 per share.

What TON Strategy Co (TONX) share transaction was reported on 12/12/2025?

On 12/12/2025, Rory J. Cutaia disposed of 38,579 shares of TON Strategy Co common stock at a price of $2.79 per share.

How many TON Strategy Co (TONX) shares does Rory J. Cutaia beneficially own after these transactions?

Following the reported transactions, Rory J. Cutaia beneficially owned 101,132 shares of TON Strategy Co common stock directly.

Is this TON Strategy Co (TONX) Form 4 filed by one reporting person or a group?

The Form 4 indicates it is filed by one reporting person, not by more than one reporting person.