Company: ZCSH
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035469
Chunk: 4

Company: Grayscale Zcash Trust (ZEC)
Filing Date: 2025-03-07
Form: 10-K
Item: Item 12
Chunk 4
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Securities Authorized for Issuance under Equity Compensation Plans and Related Stockholder Matters

Not applicable.

97 

Security Ownership of Certain Beneficial Owners and Management

The Trust does not have any directors, officers or employees. The following table sets forth certain information with respect to the beneficial ownership of the Shares for (i) each person that, to the Sponsor’s knowledge based on the 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. 

The number of Shares beneficially owned and percentages of beneficial ownership set forth below are based on the number of Shares outstanding as of March 3, 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)

    597,689

    12.65
    %

    Directors & Executive Officers of the Sponsor:(3)

    Mark Shifke
     
    *

    * %

    Matthew Kummell
     
    *

    * %

    Peter Mintzberg
     
    *

    * %

    Edward McGee
     
    *

    * %

    Hugh Ross
     
    *

    * %

    Directors & Executive Officers of the Sponsor as a group
     
    *

    * %

(1)Includes 342,380 Shares held by Digital Currency Group, Inc., 254,401 Shares held by DCG International Investments Ltd., a wholly owned subsidiary of Digital Currency Group, Inc., and 908 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. 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