Form 4 for TONX TON Strategy Co
Accepted 2022-05-20 00:00:00 ET · period of report 2022-05-19 · accession 0001493152-22-014546 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-05-20 | 2022-05-19 | TONX | CUTAIA RORY J. | CEO, Pres, Dir | A - Grant | $0.53 | +189.4K | 6.31M | +3% | +$100.4K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-19 | A | A | 189,394 | $0.53 | 6,312,745 | D | — | — | (F1) As disclosed in the Issuer's filings with the SEC, the Reporting Person (Rory J. Cutaia, the Issuer's CEO) has historically elected to defer payment of up to half of his annual cash compensation. As of December 31, 2021, the sum of $1,030,944, remains accrued and unpaid to Reporting Person. On May 19, 2022, the Board of Directors approved the Reporting Person's request to convert $100,000 of such accrued amount in order to purchase shares of the Issuer's common stock, thereby reducing the amount of debt on the Issuer's balance sheet. Using the closing price of the Issuer's common stock on May 19, 2022, which was $0.528, 189,394 shares were purchased by Reporting Person. |