Company: ZCSH
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035469
Chunk: 296

Company: Grayscale Zcash Trust (ZEC)
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 296
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    Third quarter
     
    $
    3.05

    $
    2.99

    $
    2.98

    $
    1.66

    $
    2.08

    $
    2.08

    Fourth quarter
     
    $
    3.21

    $
    2.91

    $
    2.90

    $
    1.63

    $
    2.12

    $
    2.12

    2024

    First quarter
     
    $
    9.08

    $
    2.99

    $
    2.98

    $
    2.10

    $
    1.63

    $
    1.62

    Second quarter
     
    $
    7.87

    $
    2.43

    $
    2.43

    $
    3.69

    $
    1.64

    $
    1.64

    Third quarter
     
    $
    5.65

    $
    3.72

    $
    3.72

    $
    3.27

    $
    1.53

    $
    1.53

    Fourth quarter
     
    $
    7.57

    $
    6.37

    $
    6.38

    $
    3.55

    $
    2.16

    $
    2.16

(1)The Principal Market NAV is calculated using the fair value of ZEC based on the price provided by the Digital Asset Market that the Trust considers its principal market, which is Coinbase. Prior to February 23, 2024, Principal Market NAV was referred to as NAV and Principal Market NAV per Share was referred to as NAV per Share. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—Principal Market and Fair Value Determination.”

(2)The Trust’s NAV per Share is derived from the Index Price as represented by the Index as of 4:00 p.m., New York time, on the valuation date. The Index Price is calculated using non-GAAP methodology and is not used in the Trust’s financial statements. Prior to February 23, 2024, NAV was referred to as Digital Asset Holdings and NAV per