[144] Grayscale Horizen Trust (ZEN) SEC Filing

Rhea-AI Filing Summary

HZEN filed a Form 144 indicating a proposed sale of 4,914 common shares. The filing lists an aggregate market value of $5,847.66, with sales to be executed through Canaccord Genuity Inc. on the OTCQX, with an approximate sale date of 10/24/2025. The issuer’s common shares outstanding are shown as 11,425,100.

The notice also reports recent sales during the past three months by the same holder, including 13,734 shares on 08/01/2025 for $10,025.82 and 9,367 shares on 07/31/2025 for $7,493.60.

Insights

Capital markets counsel

Administrative notice for a modest resale; limited market impact.

This Form 144 discloses an intended sale of 4,914 HZEN common shares with an indicated value of $5,847.66, to be executed via Canaccord Genuity Inc. on the OTCQX. Form 144 is a notice required for certain resales of restricted or control securities under Rule 144.

The filing also lists prior sales in the last three months, such as 13,734 shares on 08/01/2025 for $10,025.82 and 9,367 shares on 07/31/2025 for $7,493.60. Shares outstanding are shown as 11,425,100. Actual trading impact depends on execution and market liquidity; the form itself does not alter company operations.

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	4914	5847.66	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	09/30/2023	Privately Negotiated Transaction	Purchased from Issuer			4914	09/30/2023	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
Digital Currency Group, Inc. 290 Harbor Drive, 4th Floor Stamford CT 06902	Common	08/05/2025	3793	2810.99
Digital Currency Group, Inc. 290 Harbor Drive, 4th Floor Stamford CT 06902	Common	08/04/2025	4578	3571.3
Digital Currency Group, Inc. 290 Harbor Drive, 4th Floor Stamford CT 06902	Common	08/06/2025	5886	4473.36
Digital Currency Group, Inc. 290 Harbor Drive, 4th Floor Stamford CT 06902	Common	07/31/2025	9367	7493.6
Digital Currency Group, Inc. 290 Harbor Drive, 4th Floor Stamford CT 06902	Common	08/01/2025	13734	10025.82

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?

A planned sale of 4,914 common shares with an aggregate market value of $5,847.66 via Canaccord Genuity Inc. on the OTCQX.

When is the proposed sale date for HZEN shares?

The filing lists an approximate sale date of 10/24/2025.

How many HZEN shares are outstanding?

The filing shows 11,425,100 common shares outstanding.

Which broker is named for the HZEN share sale?

The broker is Canaccord Genuity Inc., 535 Madison Avenue, New York, NY 10022.

What prior sales are reported in the last three months?

Examples include 13,734 shares on 08/01/2025 for $10,025.82 and 9,367 shares on 07/31/2025 for $7,493.60.

On which exchange will the HZEN shares be sold?

The filing names the OTCQX.

What class of HZEN securities is being sold?

The filing identifies the securities as Common shares.