Company: HZEN
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297573
Chunk: 35

Company: Grayscale Horizen Trust (ZEN)
Filing Date: 2025-11-25
Form: 10-K
Item: Item 6
Chunk 35
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 records of the Transfer Agent and other ownership information provided to the Sponsor, owns beneficially a significant portion of the Shares; (ii) each director and executive officer of the Sponsor individually; and (iii) all directors and executive officers of the Sponsor as a group. 

99 

The number of Shares beneficially owned and percentages of beneficial ownership set forth below are based on the number of Shares outstanding as of November 20, 2025. In accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities.

     Name and Address of Beneficial Owner
      
     Amount andNature ofBeneficialOwnership

     Percentage ofBeneficialOwnership

     Significant Shareholders:

     Digital Currency Group, Inc.(1)(2)(3)

     2,148,244

     18.80
     %

     Directors & Executive Officers of the Sponsor:(4)

     Barry Silbert(5)

     811,144

     7.10
     %

     Mark Shifke
      
     *

     * %

     Peter Mintzberg
      
     *

     * %

     Edward McGee
      
     *

     * %

     Simon Koster
      
     *

     * %

     Directors & executive officers of the Sponsor as a group
      
     *

     * %

    (1)Includes 2,143,080 Shares held by Digital Currency Group, Inc., 4,257 Shares held by DCG International Investments Ltd., a wholly owned subsidiary of Digital Currency Group, Inc., and 907 Shares held by Grayscale Securities, LLC, the Authorized Participant of the Trust and a wholly owned subsidiary of Digital Currency Group, Inc. (2)On March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to $10 million worth of Shares of the Trust. The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time. From March 2, 2022 through June 30, 2022, DCG purchased $0.01 million worth of Shares of the Trust under this authorization. From July 1, 2022 through November 20, 2025, DCG did not purchase any Shares of the Trust under this authorization.(3)Barry Silbert is the Chief Executive Officer of DCG and in such capacity may be