iShares Staked Ethereum Trust (ETHB) discloses 10% staking share; names CEO

Rhea-AI Filing Summary

iShares Staked Ethereum Trust filed a prospectus supplement dated April 15, 2026 updating fee and sponsor disclosures. The Sponsor’s staking portion plus the Prime Execution Agent’s share now aggregate 10% of gross Staking Consideration; the Trust will retain the remainder. The supplement also updates Sponsor leadership: Jay Jacobs is President and CEO and Bryan Bowers is CFO; the Sponsor board is listed and Jacobs’ biography and prior roles are provided.

Insights

ETF Product Analyst

Neutral: clarifies fee split and names Sponsor leadership.

The supplement formalizes that the Sponsor and Prime Execution Agent together receive 10% of gross Staking Consideration, with the Trust retaining the rest. This is a disclosure of allocation, not a change to trust mechanics described here.

Leadership details identify Jay Jacobs as President and CEO and list board members; Jacobs’ prior roles and credentials are summarized, giving governance context for the Sponsor.

Key Figures

Supplement date: April 15, 2026 Staking allocation: 10% of gross Staking Consideration Executive age: 37 +2 more

5 metrics

Supplement date April 15, 2026 Prospectus Supplement No. 1 to March 11, 2026 prospectus

Staking allocation 10% of gross Staking Consideration Aggregate to Sponsor’s Staking Portion and Prime Execution Agent’s share

Executive age 37 Jay Jacobs’ age as disclosed

Jacobs U.S. Head start date April 7, 2025 Served as U.S. Head of Equity ETFs at BlackRock since this date

Jacobs prior tenure at Global X May 2013–March 2022 Founded and led research and strategy at Global X ETFs

Key Terms

Staking Consideration, Prime Execution Agent, Prospectus Supplement

3 terms

Staking Consideration financial

"As of the date hereof, the Sponsor’s Staking Portion and the Prime Execution Agent’s share"

Prime Execution Agent regulatory

"the Prime Execution Agent’s share of such Staking Consideration"

Prospectus Supplement regulatory

"This prospectus supplement (this “Supplement”) is part of and should be read"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/15/2026 - 04:35 PM Learn about SEC filing dates

FAQ

What staking fee split did iShares Staked Ethereum Trust (ETHB) disclose?

The filing states the Sponsor’s staking portion plus the Prime Execution Agent’s share aggregate 10% of gross Staking Consideration. The Trust will retain the remaining portion of the gross Staking Consideration.

Who are the named executives of the Sponsor for ETHB?

Jay Jacobs is identified as President and Chief Executive Officer and Bryan Bowers as Chief Financial Officer of the Sponsor. The supplement also lists the Sponsor’s board of directors by name.

What background did the supplement provide for Jay Jacobs?

It notes Jacobs is 37, a Managing Director at BlackRock, U.S. Head of Equity ETFs since April 7, 2025, and previously led research and strategy at Global X ETFs from May 2013 to March 2022.

Does the supplement change how proceeds or staking mechanics are handled?

The supplement revises allocation language for Staking Consideration to state a 10% aggregate share to the Sponsor and Prime Execution Agent; it does not state other changes to proceeds use or underlying staking mechanics.

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-291992

iShares® Staked Ethereum Trust ETF

Supplement No. 1 dated April 15, 2026

to the Prospectus dated March 11, 2026

This prospectus supplement (this “Supplement”) is part of and should be read in conjunction with the prospectus of iShares Staked Ethereum Trust ETF (the “Trust”), dated March 11, 2026 (the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.

Updates to Prospectus

The following supersedes and replaces the second sentence of the third paragraph under the caption “The Offering—Trust Expenses” on page 13 of, and each location the corresponding disclosure appears elsewhere in, the Prospectus.

As of the date hereof, the Sponsor’s Staking Portion and the Prime Execution Agent’s share of such Staking Consideration (including any amounts payable by the Prime Execution Agent to Staking Services Providers in respect of their shares of the Staking Consideration) comprise an aggregate of 10% of the gross Staking Consideration. The Trust will retain the remainder of such gross Staking Consideration.

The following supersedes and replaces the second, third and fourth paragraph under the caption “The Sponsor—Key Personnel of the Sponsor” on page 120 of the Prospectus.

Jay Jacobs is the President and Chief Executive Officer, and Bryan Bowers is the Chief Financial Officer of the Sponsor.

The Sponsor is managed by the board of directors composed of Philip Jensen, Peter Landini, Lindsey Haswell, Jay Jacobs and Bryan Bowers.

Jay Jacobs, 37, is a Managing Director of BlackRock and has served as the U.S. Head of Equity ETFs at BlackRock since April 7, 2025. In this role, he oversees the overall product strategy, thought leadership, and client engagement for BlackRock’s U.S. index and active equity ETF business. Mr. Jacobs joined BlackRock as U.S. Head of Thematics and Active Equity ETFs on April 18, 2022. From May 2013 to March 2022, he worked at Global X ETFs, where he founded and led the firm’s research and strategy team. Previously, Mr. Jacobs was a business analyst at the New York Stock Exchange from July 2011 to May 2013. Mr. Jacobs earned a BA degree in International Studies from Emory University and an MBA from Columbia Business School. He is a CFA charterholder.