Company: ZCSH
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000950170-25-035469
Chunk: 306

Company: Grayscale Zcash Trust (ZEC)
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 306
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    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 has purchased a total of $2.0 million worth of Shares of the Trust. From July 1, 2022 through March 3, 2025, DCG did not purchase any Shares of the Trust under this authorization.

(3)The Trust does not have any directors, officers or employees. Under the Trust Agreement, all management functions of the Trust have been delegated to and are conducted by the Sponsor, its agents and its affiliates.

* Represents beneficial ownership of less than 1%. 

Unless otherwise indicated, the address for each shareholder listed in the table above is c/o Grayscale Investments Sponsors, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.

Item 13. Certain Relationships and Related Transactions and Director Independence

General 

The Sponsor has not established formal procedures to resolve all potential conflicts of interest. Consequently, shareholders may be dependent on the good faith of the respective parties subject to such conflicts to resolve