TON Strategy's three largest insider shareholders as of September 29, 2026 are Manuel Stotz (Director, 2.30Mn shares), Sarah Josephine Olsen (Cfo Coo, 1.31Mn shares), Kevin Mark Wilson (Chief Executive Officer, 1.15Mn shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Manuel Stotz | Director, TenPercentOwner | 0 | 2,297,678 | 2,297,678 | 31.5% | 29 Sep, 2025 |
| 2 | Sarah Josephine Olsen | Cfo Coo | 1,310,490 | 0 | 1,310,490 | 18.0% | 17 Aug, 2026 |
| 3 | Kevin Mark Wilson | Chief Executive Officer | 1,152,820 | 0 | 1,152,820 | 15.8% | 14 Aug, 2026 |
| 4 | James P Geiskopf | Director, TenPercentOwner | 800,758 | 0 | 800,758 | 11.0% | 05 Aug, 2025 |
| 5 | Veronika Kapustina | Chief Executive Officer | 631,864 | 0 | 631,864 | 8.7% | 09 Oct, 2025 |
| 6 | Mary Marbach | General Counsel/Corp Secretary | 314,100 | 0 | 314,100 | 4.3% | 22 Jul, 2026 |
| 7 | Evan Sohn | Director | 155,399 | 0 | 155,399 | 2.1% | 28 Aug, 2026 |
| 8 | Nicolas Claude Cary | Director | 152,500 | 0 | 152,500 | 2.1% | 28 Aug, 2026 |
| 9 | Tucker Montana Highfield | Director | 150,000 | 0 | 150,000 | 2.1% | 28 Aug, 2026 |
| 10 | Capital Management, L.P. Corsair | TenPercentOwner | 0 | 111,074 | 111,074 | 1.5% | 23 Oct, 2024 |
| 11 | Oscar Suarez | Director | 97,500 | 0 | 97,500 | 1.3% | 28 Aug, 2026 |
| 12 | Bill John Rivard | Chief Accounting Officer | 45,331 | 0 | 45,331 | 0.6% | 08 Sep, 2026 |
| 13 | Kenneth S Cragun | Director | 40,314 | 0 | 40,314 | 0.6% | 05 Aug, 2025 |
| 14 | Edmund C. Moy | Director | 20,000 | 0 | 20,000 | 0.3% | 05 Aug, 2025 |
| 15 | Rory J. Cutaia | Chairman, President And Ceo | 12,506 | 0 | 12,506 | 0.2% | 16 Dec, 2025 |
| 16 | Salman Hassan Khan | Cfo And Treasurer | 841 | 0 | 841 | 0.0% | 21 Nov, 2022 |
| 17 | Nancy R Heinen | Director | 591 | 0 | 591 | 0.0% | 24 Jan, 2022 |
| 18 | Judith Lynne Hammerschmidt | Director | 399 | 0 | 399 | 0.0% | 24 Jan, 2023 |
| 19 | Phillip J. Bond | Director | 259 | 0 | 259 | 0.0% | 24 Jan, 2023 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 04 Sep, 2026 | Bill John Rivard | Chief Accounting Officer | Disposed S | 12,500 | $3.30 | $41.25K | 45,331 | Direct |
| 27 Aug, 2026 | Evan Sohn | Director | Acquired A | 80,000 | $0.00 | $0 | 155,399 | Direct |
| 27 Aug, 2026 | Oscar Suarez | Director | Acquired A | 97,500 | $0.00 | $0 | 97,500 | Direct |
| 27 Aug, 2026 | Tucker Montana Highfield | Director | Acquired A | 80,000 | $0.00 | $0 | 150,000 | Direct |
| 27 Aug, 2026 | Nicolas Claude Cary | Director | Acquired A | 80,000 | $0.00 | $0 | 152,500 | Direct |
| 14 Aug, 2026 | Sarah Josephine Olsen | Cfo Coo | Disposed S | 217,450 | $2.75 | $598.73K | 1,310,490 | Direct |
| 13 Aug, 2026 | Kevin Mark Wilson | Chief Executive Officer | Acquired P | 3,700 | $2.76 | $10.19K | 1,149,220 | Direct |
| 14 Aug, 2026 | Kevin Mark Wilson | Chief Executive Officer | Acquired P | 1,700 | $2.68 | $4.55K | 1,150,920 | Direct |
| 14 Aug, 2026 | Kevin Mark Wilson | Chief Executive Officer | Acquired P | 1,900 | $2.67 | $5.06K | 1,152,820 | Direct |
| 21 Jul, 2026 | Mary Marbach | General Counsel/Corp Secretary | Acquired A | 312,500 | $0.00 | $0 | 314,100 | Direct |
| 21 Jul, 2026 | Tucker Montana Highfield | Director | Disposed A | 70,000 | $0.00 | $0 | 70,000 | Direct |
| 21 Jul, 2026 | Tucker Montana Highfield | Director | Acquired A | 70,000 | $0.00 | $0 | 70,000 | Direct |
| 21 Jul, 2026 | Kevin Mark Wilson | Chief Executive Officer | Acquired A | 1,137,500 | $0.00 | $0 | 1,145,520 | Direct |
| 21 Jul, 2026 | Evan Sohn | Director | Acquired A | 70,000 | $0.00 | $0 | 75,399 | Direct |
| 21 Jul, 2026 | Nicolas Claude Cary | Director | Acquired A | 72,500 | $0.00 | $0 | 72,500 | Direct |
| 21 Jul, 2026 | Sarah Josephine Olsen | Cfo Coo | Acquired A | 1,302,500 | $0.00 | $0 | 1,309,940 | Direct |
| 21 Jul, 2026 | Sarah Josephine Olsen | Cfo Coo | Acquired A | 218,000 | $0.00 | $0 | 1,527,940 | Direct |
| 15 May, 2026 | Mary Marbach | General Counsel/Corp Secretary | Acquired P | 1,600 | $3.52 | $5.63K | 1,600 | Direct |
| 14 May, 2026 | Sarah Josephine Olsen | Cfo Coo | Acquired P | 7,440 | $3.62 | $26.93K | 7,440 | Direct |
| 14 May, 2026 | Kevin Mark Wilson | Chief Executive Officer | Disposed P | 8,020 | $3.66 | $29.35K | 8,020 | Direct |