ETHZilla insider entity surrenders common shares
ETHZilla Corp director Smith Ryan Lewis filed a Form 4 reporting an entity-level restructuring of common stock held through LCCA Holdings, LLC.
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 16,718 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What did ETHZ (ETHZilla Corp) disclose in this Form 4 filing?
Who is involved in the ETHZ Form 4 stock surrender transaction?
Why did LCCA Holdings, LLC surrender ETHZ common stock to the company?
Did ETHZilla Corp pay anything for the stock surrendered in this Form 4?
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