ETHZilla Corp (ETHZ) entity surrenders stock for tax planning
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ETHZilla Corp director Smith Ryan Lewis filed a Form 4 reporting an entity-level restructuring of common stock held through LCCA Holdings, LLC. LCCA Holdings entered into a Stock Surrender Agreement with ETHZilla, surrendering a block of common shares to the company for cancellation for tax planning purposes, with no consideration paid by ETHZilla. The Board of Directors approved this surrender, and Mr. Smith, as manager of LCCA Holdings, disclaims beneficial ownership of the LLC’s shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Ryan Lewis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 16,718 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By LCCA LLC);
Common Stock — 0 shares (Direct)
Footnotes (1)
- On February 18, 2026, LCCA Holdings, LLC and the Issuer entered into a Stock Surrender Agreement, whereby LCCA Holdings, LLC surrendered 16,178 shares of common stock to the Issuer for cancellation. LCCA Holdings, LLC surrendered these shares for tax planning purposes and did not receive any consideration from the Issuer in connection with such surrender. The Issuer's Board of Directors approved the Stock Surrender Agreement and the accompanying transactions. The Reporting Person is the manager of LCCA Holdings, LLC. Mr. Smith disclaims beneficial ownership of the shares of common stock owned directly by LCCA Holdings, LLC, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
FAQ
What did ETHZ (ETHZilla Corp) disclose in this Form 4 filing?
ETHZilla Corp disclosed that LCCA Holdings, LLC, an entity managed by director Smith Ryan Lewis, surrendered a block of its common stock to ETHZilla for cancellation under a Stock Surrender Agreement approved by the Board and undertaken for tax planning purposes, without any consideration paid.
Who is involved in the ETHZ Form 4 stock surrender transaction?
The transaction involves ETHZilla Corp, its director Smith Ryan Lewis, and LCCA Holdings, LLC. Mr. Smith manages LCCA Holdings, which surrendered common stock to ETHZilla for cancellation. He reports the transaction but disclaims beneficial ownership of the LLC’s shares except for any pecuniary interest.
Why did LCCA Holdings, LLC surrender ETHZ common stock to the company?
LCCA Holdings, LLC surrendered ETHZilla common stock to the company for tax planning purposes. According to the disclosure, the LLC did not receive any consideration from ETHZilla in connection with the surrender, and the company’s Board of Directors approved the Stock Surrender Agreement and related transactions.
Did ETHZilla Corp pay anything for the stock surrendered in this Form 4?
ETHZilla Corp did not pay consideration for the surrendered stock. The filing states that LCCA Holdings, LLC surrendered its common shares to ETHZilla for cancellation for tax planning purposes and did not receive any consideration from the company in connection with the Stock Surrender Agreement.