Form 4 for TONX TON Strategy Co
Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001493152-23-022277 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-06-23 | 2023-06-21 | TONX | CUTAIA RORY J. | COB, Pres, CEO, Dir | A - Grant | $0.00 | +27.6K | 191.7K | +17% | $0 |
| D | 2023-06-23 | 2023-06-21 | TONX | CUTAIA RORY J. | COB, Pres, CEO, Dir | A - Grant | $0.00 | +509.0K | 509.0K | New | $0 |
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 | 2023-06-21 | A | A | 27,590 | $0.00 | 191,741 | D | — | — | (F1) The shares of common stock were issued to the Reporting Person in consideration of the deferment of a portion of the Reporting Person's cash salary in connection with the Issuer's cash preservation and cost reduction program. |
| 2 | Derivative | Stock Options (right to buy) | 2023-06-21 | A | A | 509,008 | $0.00 | 509,008 | D | $1.11 · — to 2028-06-20 | 509,008 Common Stock | (F2) On June 21, 2023, the compensation committee of the Issuer's board of directors adopted the annual recommendation of an independent compensation consulting firm retained to determine compensation for the Issuer's executives and board members, granting a stock option to the Reporting Person equal to 509,008 shares of common stock that are subject to a four year vesting period, with one quarter vesting on the first, second, third, and fourth anniversaries of the date of grant. |