ETHZ insider grant with vesting and estate-planning transfer logged
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
436,912 shares gifted
Mixed
5 txns
Insider
New Jason Griffin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 218,456 | $0.00 | -- |
| Gift | Common Stock | 218,456 | $0.00 | -- |
| Grant/Award | Common Stock | 952,500 | $0.00 | -- |
| Tax Withholding | Common Stock | 257,794 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 492,250 shares (Direct);
Common Stock — 218,456 shares (Indirect, By New Island Advisors LLC)
Footnotes (1)
- 476,250 shares vested on the grant date and 476,250 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 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). 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. 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. 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.
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.
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.