Welcome to our dedicated page for Grayscale Horizen Trust (ZEN) SEC filings (Ticker: HZEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Grayscale Horizen Trust (ZEN)'s stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Grayscale Horizen Trust (ZEN)'s regulatory disclosures and financial reporting.
Grayscale Horizen Trust (HZEN) is changing how it values the ZEN tokens held by the trust. Effective September 1, 2026, the trust will stop using the CoinDesk Horizen Reference Rate and instead use the CoinDesk Horizen Benchmark Extended Rate (the Index) to calculate its Index Price, NAV and NAV per Share.
The Index is a U.S. dollar-denominated composite reference rate designed to mitigate fraud, manipulation and anomalous trading by cleansing and weighting trade data from selected Constituent Trading Platforms. It uses a real-time, volume-weighted algorithm with outlier detection, inactivity adjustments and manipulation resistance. If the Index Price is unavailable or deemed inaccurate, the Sponsor will sequentially rely on a Coin Metrics Real-Time Rate, then a principal-market spot price, and finally a good-faith estimate. The Index Provider can change methodologies and trading venues at its discretion, and the Sponsor may change index providers or its fallback rules, with material changes to be disclosed to shareholders.
Grayscale Horizen Trust (ZEN), a Delaware statutory trust holding Horizen (ZEN), reports unaudited results for the quarter and six months ended June 30, 2026. Net assets based on Principal Market NAV were $3,778 thousand at June 30, 2026, down from $8,673 thousand at December 31, 2025.
The trust held 937,711.06236692 ZEN at June 30, 2026, versus 949,408.87165001 ZEN at year-end, as ZEN is periodically withdrawn to pay the Sponsor’s Fee. ZEN’s principal market price fell from $9.14 to $4.03 over six months, driving a net realized and unrealized loss on investment of $(4,821) thousand and a total net decrease in net assets from operations of $(4,895) thousand.
Principal Market NAV per Share declined from $0.76 to $0.33, a total return of -56.58% for the six months. Shares outstanding remained 11,425,100, and each Share represented approximately 0.0821 ZEN at June 30, 2026. The annual Sponsor’s Fee is 2.5% of NAV, accrued daily and paid in ZEN, and totaled $74 thousand for the six-month period. The trust does not currently accept redemptions, holds no cash, and management concluded disclosure controls and procedures were effective.
Grayscale Horizen Trust (ZEN) reported leadership changes at its sponsor. Effective July 2, 2026, Kathryn Masci and Daniel Plourde were appointed interim Co-Chief Financial Officers of Grayscale Investments Sponsors, LLC, which sponsors the trust. Masci also joined the sponsor’s Board of Managers and became Principal Financial and Accounting Officer of the trust.
They succeed Edward McGee, who stepped down for personal reasons after about seven years with Grayscale. The company states his departure is not due to any disagreement over operations, policies, or practices, and notes that he leaves on good terms.
Grayscale Horizen Trust (ZEN) reported a sharp decline in value for the quarter ended March 31, 2026 as falling Horizen (ZEN) prices reduced its net assets and NAV per share.
Net assets fell to $5.31M from $8.67M at December 31, 2025, while Principal Market NAV per share dropped from $0.76 to $0.46, a total return of -39.47%. The Trust held about 943,574 ZEN, valued at $5.63 per ZEN, and recorded a net decrease in net assets from operations of $3.36M, driven mainly by unrealized losses on ZEN and a $41,724 Sponsor’s Fee paid in ZEN.
Canaccord Genuity Inc. submitted Form 144 notices reporting proposed and recent sales of Common stock on multiple dates in late April and early May 2026. The filings list transaction dates and line items such as 6,144, 7,787, and an aggregate figure 11,425,100 appearing on the security lines.
Form 144 notice listing planned or reported sales of Common stock by Digital Currency Group, Inc.. The excerpt shows multiple dated entries from 04/27/2026 through 05/06/2026 with numeric entries beside each date and a record of an earlier privately negotiated transaction purchased from issuer on 09/30/2023.
Digital Currency Group, Inc. submitted Form 144 reporting proposed and recent sales of Common stock. The filing lists multiple sale dates and quantities, including sales of 6,144 shares on 04/27/2026 and 7,787 shares on 05/04/2026. The transactions are listed as OTCQX Common and include a Privately Negotiated Transaction noted as "Purchased from Issuer" with cash consideration.
Canaccord Genuity Inc. reported proposed affiliate sales under Form 144 by Digital Currency Group, Inc. The notice lists multiple sale entries including 6,144 shares on 04/27/2026 at 3870.72 and 7,787 shares on 04/28–05/01/2026 with prices shown per line. One sale is labeled a Privately Negotiated Transaction purchased from issuer on 09/30/2023.