[144] Grayscale Horizen Trust (ZEN) SEC Filing

Rhea-AI Filing Summary

Digital Currency Group, Inc. filed a Form 144 notice to sell 5,953 shares of HZEN common stock through Canaccord Genuity Inc. on the OTCQX, with an approximate sale date of 10/27/2025. The filing lists an aggregate market value of $9,405.74 for the proposed sale and notes 11,425,100 shares outstanding.

The shares to be sold were acquired on 09/30/2023 in a privately negotiated transaction from the issuer for cash. Recent sales by the same seller include 13,734 shares on 08/01/2025 and 9,367 shares on 07/31/2025, as disclosed.

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	5953	9405.74	11425100	10/27/2025	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			5953	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	10/24/2025	4914	5847.66
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’s Form 144 disclose?

A planned sale of 5,953 HZEN common shares by Digital Currency Group, Inc. with an aggregate market value of $9,405.74.

When is the proposed sale date for HZEN shares?

The filing lists an approximate sale date of 10/27/2025.

Which broker and market are named for the HZEN sale?

Broker: Canaccord Genuity Inc.; Market: OTCQX.

How many HZEN shares are outstanding according to the notice?

The notice states 11,425,100 shares outstanding.

How and when were the shares to be sold acquired?

Acquired on 09/30/2023 via a privately negotiated transaction from the issuer for cash.

What recent sales by the same seller were disclosed?

Examples include 13,734 shares on 08/01/2025 and 9,367 shares on 07/31/2025, with additional sales listed.