Company: HZEN
Filing Date: 2025-11-25
Form Type: 10-K
Source: 0001193125-25-297573
Chunk: 16

Company: Grayscale Horizen Trust (ZEN)
Filing Date: 2025-11-25
Form: 10-K
Item: Item 5
Chunk 16
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(a)(11) of the Securities Act. No underwriting discounts or commissions were paid to the Authorized Participant with respect to such sales.

Purchases of Equity Securities

Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Horizen Trust (ZEN) (OTCQX: HZEN) by DCG, the indirect parent company of the Sponsor, on a monthly basis during the three months ended September 30, 2025:

     Period
      
     (a) Total Number of Shares of HZEN Purchased

     (b) Average Price Paid per Share of HZEN

     (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)

     (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)

     (in millions)

     July 1, 2025 - July 31, 2025

     -

     $
     -

     -

     $
     9.99

     August 1, 2025 - August 31, 2025

     -

     -

     -

     9.99

     September 1, 2025 - September 30, 2025

     -

     -

     -

     9.99

     Total

     -

     $
     -

     -

     $
     9.99

(1)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. Subsequently, DCG authorized such purchase. 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 had not purchased any Shares of the Trust under this authorization.