[144] Grayscale Horizen Trust (ZEN) SEC Filing

Rhea-AI Filing Summary

Grayscale Horizen Trust (HZEN) filed a Form 144 notice for the proposed sale of 2,572 common shares. The filing lists an aggregate market value of $3,060.68 and an approximate sale date of October 24, 2025. The broker named is Canaccord Genuity Inc., and the shares are listed on OTCQX.

The notice indicates the seller acquired these shares on August 22, 2018 via a privately negotiated transaction from the issuer, paid in cash. As context, 11,425,100 shares were outstanding. The filing also records a prior sale in the past three months: 2,677 shares on July 31, 2025 for $2,137.00.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Canaccord Genuity Inc 535 Madison Avenue New York NY 10022	2572	3060.68	11425100	10/24/2025	OTCQX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/22/2018	Privately negotiated transaction	Purchased from Issuer			2572	08/22/2018	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Barry E. Silbert 222 Purchase St. #283 Rye NY 10580	Grayscale Horizen Trust, Common Shares	07/31/2025	2677	2137.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did HZEN disclose in this Form 144 filing?

A proposed sale of 2,572 common shares with an aggregate market value of $3,060.68, targeting around October 24, 2025.

Which broker is named for the HZEN Form 144 sale?

The filing names Canaccord Genuity Inc., 535 Madison Avenue, New York, NY 10022.

On which exchange are the HZEN shares listed?

The shares are listed on OTCQX.

How many HZEN shares are outstanding according to the notice?

The filing lists 11,425,100 shares outstanding.

When and how were the shares to be sold originally acquired?

Acquired on August 22, 2018 in a privately negotiated transaction from the issuer, paid in cash.

Were there other recent sales disclosed for HZEN?

Yes. A past sale shows 2,677 shares on July 31, 2025 with $2,137.00 in gross proceeds.