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sellModerate

Rory J. Cutaia sold $228k of TONX

Chairman, President and CEO at TON Strategy Co. 88,626 shares at an average of $2.57, traded Dec 15, 2025, filed Dec 16, 2025.

Warning score
48
Value
$228k
88,626 shares
Holdings after
12,506
-88% from before
From 52-week low
0%
low $2.57, close $2.57
From 52-week high
-89%
high $22.45, as of Dec 15, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $228k at market
    +13
  • Share of holdings sold
    Sold 88% of holdings
    +20
  • Cluster
    No other insider selling within 14 days
    0

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +15.2%, 3m +25.8%, 6m +32.8%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

TONXOct 12, 2026 · close 3.10
Since filing Dec 16, 2025: +21.1%SPY +15.8% · excess +5.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001493152-25-028039, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 15, 2025SOpen-market sale
Common Stock
-34,132$2.63$90k67,000Dec 16, 2025
Dec 16, 2025SOpen-market sale
Common Stock
-54,494$2.53$138k12,506Dec 16, 2025

Related signals

Other insiders at TON Strategy Co and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
26Weak
TONXsell
TON Strategy Co
Bill John Rivard
Chief Accounting Officer
$41k
12,500 shares
-22%
46Moderate
TONXsell
TON Strategy Co
Sarah Josephine Olsen
CFO & COO
$599k
217,450 shares
-14%
28Weak
TONXbuy
TON Strategy Co
Kevin Mark Wilson
Chief Executive Officer
$20k
7,300 shares
+1%
46Moderate
TONXbuy 4
TON Strategy Co
Mary Marbach
General Counsel/Corp Secretary
$5,632
1,600 shares
-
48Moderate
TONXbuy 4
TON Strategy Co
Evan Sohn
director
$9,930
2,770 shares
+105%
48Moderate
TONXbuy 4
TON Strategy Co
Evan Sohn
director
$9,930
2,770 shares
+105%
61Notable
TONXbuy 4
TON Strategy Co
Kevin Mark Wilson
Chief Executive Officer
$29k
8,020 shares
-
58Moderate
TONXbuy 4
TON Strategy Co
Sarah Josephine Olsen
CFO & COO
$27k
7,440 shares
-
61Notable
TONXbuy 4
TON Strategy Co
Kevin Mark Wilson
Chief Executive Officer
$29k
8,020 shares
-
52Moderate
TONXsell
TON Strategy Co
Rory J. Cutaia
Chairman, President and CEO
$462k
151,449 shares
-60%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Rory J. Cutaia sold $228k of TONX | InsiderTell