TON Strategy CFO sells 217K shares at $2.75

TON Strategy Co (TONX) reported that executive officer Sarah Josephine Olsen, CFO & COO, sold 217,450 shares of Common Stock on 2026-08-14 in a sale classified as a “sale in open market or private transaction” at an average price of $2.7534 per share.

Rhea-AI Filing Summary

TON Strategy Co (TONX) reported that executive officer Sarah Josephine Olsen, CFO & COO, sold 217,450 shares of Common Stock on 2026-08-14 in a sale classified as a “sale in open market or private transaction” at an average price of $2.7534 per share. Following this transaction, she directly holds 1,310,490 shares of TONX Common Stock. The filing’s Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan.

Insider Trade Summary

Net Seller: 217,450 shares

Net Sell 1 txn

Insider Olsen Sarah Josephine

Role CFO & COO

Sold 217,450 shs ($599K)

Type	Security	Shares	Price	Value
Sale	Common Stock	217,450	$2.7534	$599K

Holdings After Transaction: Common Stock — 1,310,490 shares (Direct)

Key Figures

Shares sold: 217,450 shares Sale price per share: $2.7534 per share Shares owned after transaction: 1,310,490 shares +2 more

5 metrics

Shares sold 217,450 shares Common Stock sale on 2026-08-14 by CFO & COO Sarah Josephine Olsen

Sale price per share $2.7534 per share Average price for the 217,450 TONX Common Stock shares sold

Shares owned after transaction 1,310,490 shares Total TONX Common Stock directly owned by Olsen following the sale

Net shares sold 217,450 shares Net-sell direction from transaction summary for this Form 4

Sell transaction count 1 Number of sale transactions reported in this Form 4

Key Terms

Sale in open market or private transaction, Common Stock, direct ownership

3 terms

Sale in open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

Common Stock financial

"security title is listed as Common Stock for the transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

direct ownership financial

"ownership_type is reported as direct for the shares held"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TONX report for executive Sarah Josephine Olsen?

TON Strategy Co reported that Sarah Josephine Olsen, its CFO & COO, sold 217,450 TONX Common Stock shares on 2026-08-14 at an average price of $2.7534 per share in a sale classified as an open market or private transaction.

How many TONX shares did Sarah Josephine Olsen sell and at what price?

She sold 217,450 shares of TONX Common Stock at an average price of $2.7534 per share. This transaction was reported as a “sale in open market or private transaction” and is reflected in a Form 4 insider trading report.

How many TONX shares does Sarah Josephine Olsen own after this Form 4 transaction?

After the reported sale, Sarah Josephine Olsen directly owns 1,310,490 TONX Common Stock shares. This post-transaction holding figure comes from the Form 4, which lists it as the total shares following the transaction for her direct ownership.

Was the TONX insider sale by Sarah Josephine Olsen under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan. The document-level indicator shows the box explicitly unchecked, so the reported sale is not affirmed as executed under a Rule 10b5-1 plan.

What type of transaction did TONX report for Sarah Josephine Olsen on August 14, 2026?

The company reported a sale of Common Stock by Sarah Josephine Olsen on 2026-08-14. It is coded as transaction code S, described as a “Sale in open market or private transaction”, and involves 217,450 shares at $2.7534 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/17/2026 - 05:00 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Olsen Sarah Josephine

(Last) (First) (Middle)

C/O TON STRATEGY CO

2300 W. SAHARA AVENUE, SUITE 800

(Street)

LAS VEGAS NEVADA 89102

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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

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

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

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	08/14/2026		S		217,450	D	$2.7534	1,310,490	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/ Sarah Olsen	08/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)