ETHZ director reports 649,748-share grant, 149,020 gifted to LLC
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ETHZilla Corp (ETHZ) director Andrew Suckling reported equity awards and related movements. On 11/12/2025, he was granted 649,748 shares at $0.00 as board compensation; 324,874 vested immediately and 324,874 vest on January 2, 2026.
Also on 11/12/2025, 175,854 shares were withheld to cover taxes tied to the fully vested portion. On 11/14/2025, he made a bona fide gift of 149,020 shares to Verulam LLC, which he manages for family estate planning; the filing notes no change in beneficial ownership for those gifted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
298,040 shares gifted
Mixed
4 txns
Insider
SUCKLING ANDREW P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 149,020 | $0.00 | -- |
| Gift | Common Stock | 149,020 | $0.00 | -- |
| Grant/Award | Common Stock | 649,748 | $0.00 | -- |
| Tax Withholding | Common Stock | 175,854 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 149,020 shares (Direct);
Common Stock — 149,020 shares (Indirect, By Verulam LLC)
Footnotes (1)
- 324,874 shares vested on the grant date and 324,874 shares vest on January 2, 2026. Issued in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer. A total of 175,854 shares of common stock awarded to the Reporting Person by the Issuer were withheld by the Issuer to satisfy tax withholding obligations in connection with the award of an aggregate of 324,874 fully-vested shares of common stock to the Reporting Person on November 12, 2025 (see Footnote 1). On November 14, 2025, the Reporting Person gifted 149,020 shares of common stock to Verulam LLC, which is managed by the Reporting Person for the benefit of the Reporting Person's family, for estate planning purposes - There was no change in the beneficial ownership of the gifted shares in connection with such transaction. The Reporting Person is the manager of Verulam LLC. Mr. Suckling disclaims beneficial ownership of the shares of common stock owned directly by Verulam 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
Who filed the Form 4 for ETHZ (ETHZilla Corp)?
Director Andrew Suckling filed the Form 4, reporting equity awards and a subsequent transfer.
What gift or transfer did the reporting person make?
On 11/14/2025, he gifted 149,020 shares to Verulam LLC for estate planning.
Did the gift change beneficial ownership?
The filing states there was no change in beneficial ownership for the 149,020 gifted shares.
What is Verulam LLC’s role in the holdings?
Verulam LLC is managed by the reporting person; some shares are held indirectly through it, as shown for the gifted 149,020 shares.