[Form 4] ETHZilla Corp Insider Trading Activity

Rhea-AI Filing Summary

ETHZilla Corp (ETHZ) director Jason New reported equity transactions on Form 4. He received 952,500 shares of common stock at $0.00 on 11/12/2025; 476,250 vested on the grant date and 476,250 vest on January 2, 2026. In connection with the award, 257,794 shares were withheld to satisfy tax obligations.

On 11/14/2025, 218,456 shares were transferred to New Island Advisors LLC for estate planning; the filing notes no change in beneficial ownership for the gifted shares. Following the reported transactions, holdings were 492,250 shares direct, plus indirect positions of 218,456 shares via New Island Advisors LLC and 56,603 shares via New Island Capital LLC.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

New Jason Griffin

(Last) (First) (Middle)

2875 SOUTH OCEAN BLVD,

SUITE 200

(Street)

PALM BEACH FL 33480

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ETHZilla Corp [ ETHZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/12/2025		A		952,500(1)	A	$0.00(2)	952,500	D
Common Stock	11/12/2025		F		257,794(3)	D	$0.00	711,424	D
Common Stock	11/14/2025		G(4)		218,456	D	$0.00	492,250	D
Common Stock	11/14/2025		G(4)		218,456	A	$0.00	218,456	I	By New Island Advisors LLC(5)
Common Stock								56,603	I	By New Island Capital LLC(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 476,250 shares vested on the grant date and 476,250 shares vest on January 2, 2026.

2. 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.

3. A total of 257,794 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 476,250 fully-vested shares of common stock to the Reporting Person on November 12, 2025 (see Footnote 1).

4. On November 14, 2025, the Reporting Person transferred 218,456 shares of common stock to New Island Advisors LLC, which is managed by the Reporting Person for estate planning purposes - There was no change in the beneficial ownership of the gifted shares in connection with such transaction.

5. The Reporting Person is the founder and managing partner of New Island Advisors LLC, and therefore deemed to beneficially own the securities held by such entity. Mr. New disclaims beneficial ownership of the securities owned directly by New Island Advisors 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.

6. The Reporting Person is the founder and managing partner of New Island Capital LLC, and therefore deemed to beneficially own the securities held by such entity. Mr. New disclaims beneficial ownership of the securities owned directly by New Island Capital 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.

	/s/ Jason New	11/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ETHZ director Jason New report on Form 4?

He reported a grant of 952,500 common shares on 11/12/2025, tax withholding of 257,794 shares, and a transfer of 218,456 shares on 11/14/2025.

How do the 952,500 awarded ETHZ shares vest?

476,250 vested on the grant date; 476,250 vest on January 2, 2026.

Why were 257,794 ETHZ shares withheld?

They were withheld to satisfy tax withholding obligations related to the fully-vested portion of the award.

What is the nature of the 218,456-share transfer on 11/14/2025?

The shares were transferred to New Island Advisors LLC for estate planning; the filing notes no change in beneficial ownership of the gifted shares.

What are Jason New’s ETHZ holdings after the transactions?

Direct: 492,250 shares. Indirect: 218,456 via New Island Advisors LLC and 56,603 via New Island Capital LLC.

Were any cash proceeds reported for these ETHZ transactions?

No. The award and related entries were at $0.00 per share as disclosed.

What roles do the entities hold in Jason New’s ETHZ ownership?

Indirect holdings are reported via New Island Advisors LLC and New Island Capital LLC, with deemed beneficial ownership as disclosed.