← United States · Coverage record
US · SEC FORM 4
TON Strategy Co
TONX · Nasdaq · CIK 0001566610 · Technology · Software—Application
INSIDER SIGNAL
8 qualifying P purchase groups
in the current 180-day scoring window
29 Form 4 transaction lines observed in the same window
2 sales · 18 option, withholding, award, gift or other lines
WHY NO ACTIVE SIGNAL?
Score anatomy
No score is calculated because there is no qualifying purchase in the active window. Unavailable inputs are not treated as zero or as a bearish signal.
Why is there no score?
- No qualifying open-market purchase supplies cluster, size, role, recency or conviction inputs.
- Sales and other Form 4 activity remain visible as context and do not create a negative score.
Sales and other Form 4 activity are shown separately and do not create a negative buy signal. Absence of buying is not scored as bearish.
Purchase breadth & concentration
Roles in the peak window: CFO & COO, Chief Executive Officer, Director, General Counsel/Corp Secretary. Concentration uses priced qualifying P lines only and does not change the saved score.
Insider activity timeline
Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.
Showing the six most active owners; 2 additional owner(s) remain in Form 4 evidence.
SIGNAL HISTORY
Scores are archived only when the company qualifies for a published US buy-signal snapshot. Last qualifying purchase: 2026-08-14 · Wilson Kevin Mark.
Recent Form 4 activity
P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.
Market context
Market context has not been captured for this ticker yet. The daily market-context job processes the US universe in rotating batches.
Short interest
Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.
- Shares short
- 2,862,566
- Previous report
- 3,250,419
- Avg daily volume
- 411,297
- Days to cover
- 7.0
FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.
Historical equity purchases
Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.
| Transaction date | Reporting owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-08-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 3,600 | USD 2.67 | USD 9,629 | SEC filing ↗ |
| 2026-08-13 | Wilson Kevin Mark | Purchase (P) | Common Stock | 3,700 | USD 2.76 | USD 10,212 | SEC filing ↗ |
| 2026-05-15 | Marbach Mary | Purchase (P) | Common Stock | 1,600 | USD 3.52 | USD 5,632 | SEC filing ↗ |
| 2026-05-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 8,020 | USD 3.66 | USD 29,353 | SEC filing ↗ |
| 2026-05-14 | Sohn Evan | Purchase (P) | Common Stock | 2,770 | USD 3.59 | USD 9,944 | SEC filing ↗ |
| 2026-05-14 | Sohn Evan | Purchase (P) | Common Stock | 2,770 | USD 3.59 | USD 9,944 | SEC filing ↗ |
| 2026-05-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 8,020 | USD 3.66 | USD 29,353 | SEC filing ↗ |
| 2026-05-14 | Olsen Sarah Josephine | Purchase (P) | Common Stock | 7,440 | USD 3.62 | USD 26,933 | SEC filing ↗ |
| 2025-09-29 | Stotz Manuel | Purchase (P) | Common Stock | 70,000 | USD 7.11 | USD 497,700 | SEC filing ↗ |
| 2024-10-23 | CORSAIR CAPITAL INVESTORS LTD; CORSAIR CAPITAL MANAGEMENT, L.P.; CORSAIR CAPITAL PARTNERS 100 LP; CORSAIR CAPITAL PARTNERS LP | Purchase (P) | Common Stock, $0.0001 par value per share | 10,848 | USD 11.03 | USD 119,653 | SEC filing ↗ |
| 2024-10-22 | CORSAIR CAPITAL INVESTORS LTD; CORSAIR CAPITAL MANAGEMENT, L.P.; CORSAIR CAPITAL PARTNERS 100 LP; CORSAIR CAPITAL PARTNERS LP | Purchase (P) | Common Stock, $0.0001 par value per share | 13,700 | USD 10.71 | USD 146,711 | SEC filing ↗ |
| 2024-10-21 | CORSAIR CAPITAL INVESTORS LTD; CORSAIR CAPITAL MANAGEMENT, L.P.; CORSAIR CAPITAL PARTNERS 100 LP; CORSAIR CAPITAL PARTNERS LP | Purchase (P) | Common Stock, $0.0001 par value per share | 15,152 | USD 10.28 | USD 155,808 | SEC filing ↗ |
Form 4 evidence
45 transaction lines in the latest 365-day window; 151 in local history.
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Rivard Bill John | Sale (S) | Common Stock | 12,500 | USD 3.30 | USD 41,250 | SEC filing ↗ |
| 2026-08-27 | Suarez Oscar | Award / grant (A) | Common Stock | 97,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-08-27 | Sohn Evan | Award / grant (A) | Common Stock | 80,000 | USD 0.00 | USD 0 | SEC filing ↗ |
Show recent Form 4 evidence (30 grouped rows)
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Rivard Bill John | Sale (S) | Common Stock | 12,500 | USD 3.30 | USD 41,250 | SEC filing ↗ |
| 2026-08-27 | Suarez Oscar | Award / grant (A) | Common Stock | 97,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-08-27 | Sohn Evan | Award / grant (A) | Common Stock | 80,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-08-27 | Highfield Tucker Montana | Award / grant (A) | Common Stock | 80,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-08-27 | Cary Nicolas Claude | Award / grant (A) | Common Stock | 80,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-08-14 | Olsen Sarah Josephine | Sale (S) | Common Stock | 217,450 | USD 2.75 | USD 597,988 | SEC filing ↗ |
| 2026-08-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 3,600 | USD 2.67 | USD 9,629 | SEC filing ↗ |
| 2026-08-13 | Wilson Kevin Mark | Purchase (P) | Common Stock | 3,700 | USD 2.76 | USD 10,212 | SEC filing ↗ |
| 2026-07-21 | Highfield Tucker Montana | Award / grant (A) | Common Stock | 70,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Wilson Kevin Mark | Award / grant (A) | Common Stock | 1,137,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Sohn Evan | Award / grant (A) | Common Stock | 70,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Olsen Sarah Josephine | Award / grant (A) | Common Stock | 1,520,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Marbach Mary | Award / grant (A) | Common Stock | 312,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Highfield Tucker Montana | Award / grant (A) | Common Stock | 70,000 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-07-21 | Cary Nicolas Claude | Award / grant (A) | Common Stock | 72,500 | USD 0.00 | USD 0 | SEC filing ↗ |
| 2026-05-15 | Marbach Mary | Purchase (P) | Common Stock | 1,600 | USD 3.52 | USD 5,632 | SEC filing ↗ |
| 2026-05-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 8,020 | USD 3.66 | USD 29,353 | SEC filing ↗ |
| 2026-05-14 | Sohn Evan | Purchase (P) | Common Stock | 2,770 | USD 3.59 | USD 9,944 | SEC filing ↗ |
| 2026-05-14 | Sohn Evan | Purchase (P) | Common Stock | 2,770 | USD 3.59 | USD 9,944 | SEC filing ↗ |
| 2026-05-14 | Wilson Kevin Mark | Purchase (P) | Common Stock | 8,020 | USD 3.66 | USD 29,353 | SEC filing ↗ |
| 2026-05-14 | Olsen Sarah Josephine | Purchase (P) | Common Stock | 7,440 | USD 3.62 | USD 26,933 | SEC filing ↗ |
| 2026-04-29 | Sohn Evan | J (J) | Common Stock | 12,146 | USD — | USD — | SEC filing ↗ |
| 2026-04-29 | Olsen Sarah Josephine | J (J) | Common Stock | 669,820 | USD — | USD — | SEC filing ↗ |
| 2026-04-29 | Marbach Mary | J (J) | Common Stock | 311,908 | USD — | USD — | SEC filing ↗ |
| 2026-04-29 | Highfield Tucker Montana | J (J) | Common Stock | 12,146 | USD — | USD — | SEC filing ↗ |
| 2026-04-29 | Cary Nicolas Claude | J (J) | Common Stock | 14,803 | USD — | USD — | SEC filing ↗ |
| 2025-12-16 | CUTAIA RORY J. | Sale (S) | Common Stock | 54,494 | USD 2.53 | USD 137,870 | SEC filing ↗ |
| 2025-12-15 | CUTAIA RORY J. | Sale (S) | Common Stock | 34,132 | USD 2.63 | USD 89,767 | SEC filing ↗ |
| 2025-12-12 | CUTAIA RORY J. | Sale (S) | Common Stock | 38,579 | USD 2.79 | USD 107,635 | SEC filing ↗ |
| 2025-12-10 | CUTAIA RORY J. | Sale (S) | Common Stock | 112,870 | USD 3.14 | USD 354,412 | SEC filing ↗ |
Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.
Snapshot & identity
| Snapshot date | 2026-10-19 |
|---|---|
| Ranking version | US-v1.2 |
| Data quality | PASS ELIGIBLE · — |
| Ticker | TONX |
| CIK | 0001566610 |
| Sector | Technology |
| Industry | Software—Application Yahoo Finance |
| SEC SIC | 6199 Finance Services |
| Exchange | Nasdaq |
Data coverage
| Local Form 4 history | 151 transaction lines from 2020-04-10 to 2026-09-04 28 P purchase lines · 21 S sale lines · 102 other lines |
|---|---|
| SEC company submissions | Open SEC filings ↗ |
Local ledger as of 2026-10-19. Mapping status is an audit field and does not erase SEC filing evidence.