TON Strategy Co — Director's Dealing 2025

Oct 10, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TON Strategy Co (TONX)
CIK: 0001566610
Period of Report: 2025-10-07

Reporting Person: Olsen Sarah Josephine (CFO & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-07	Common Stock	A	631864	—	Acquired	669820	Direct

Footnotes

F1: The restricted stock units (the "RSUs") were granted to the Reporting Person on October 7, 2025 pursuant to the TON Strategy Company 2019 Stock and Incentive Plan, as amended, and the terms of the Reporting Person's Employment Agreement, dated August 7, 2025. Twenty-five percent of the RSUs will vest on August 7, 2026, and one thirty-sixth of the remaining RSUs will vest on each subsequent monthly anniversary thereafter, subject to the Reporting Person's continued employment with the Issuer.