Olsen Sarah Josephine 4

What Happened

• Sarah Josephine Olsen, TON Strategy Co's CFO and COO, voluntarily forfeited a total of 669,820 restricted stock units (RSUs) on April 29, 2026. The filing shows two dispositions: 37,956 RSUs (code J) and 631,864 RSUs (code J). No per-share price or cash proceeds are reported (N/A), because these were unvested awards that were cancelled rather than sold.

Key Details

• Transaction date: 2026-04-29 (Form 4 filed 2026-05-01).
• Dispositions: 37,956 RSUs and 631,864 RSUs — total 669,820 RSUs forfeited.
• Price/Proceeds: N/A — forfeiture of unvested awards, not an open-market sale.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = voluntary forfeiture of RSUs granted Aug 7, 2025 (unvested); F2 = voluntary forfeiture of RSUs granted Oct 7, 2025 (unvested).
• Filing timeliness: Form 4 was filed on 2026-05-01 for a 2026-04-29 transaction; this appears within the standard 2-business-day reporting window.

Context

• This action cancels unvested equity awards and did not generate cash proceeds. Forfeiture of unvested RSUs is an administrative disposition (code J here) and is distinct from an open-market sale or purchase; it does not in itself signal insider buying or selling for cash.