Cary Nicolas Claude 4

What Happened
Cary Nicolas Claude, a director of TON Strategy Co (TONX), voluntarily forfeited 14,803 restricted stock units (RSUs) on April 29, 2026. The Form 4 reports the disposition as an "other acquisition or disposition" (transaction code J) with no price or cash proceeds (N/A), because the RSUs were unvested and were not settled at the time of forfeiture.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (filed within the typical two-business-day window).
• Shares/units affected: 14,803 RSUs disposed (forfeited). Price per share: N/A; no sale proceeds.
• Footnote: The forfeiture was voluntary and involves RSUs originally granted on August 7, 2025; the award was unvested/not settled when forfeited.
• Post-transaction holdings: Not specified in the filing.

Context
A forfeiture of unvested RSUs is different from an open-market sale—there are no proceeds and it removes potential future shares that would have vested. Such forfeitures can occur for administrative, employment-status, or other contractual reasons and are not, by themselves, a clear signal of an insider’s view on the company’s stock.