Canaccord Genuity files Rule 144 notice for common shares

Canaccord Genuity Inc. submitted a Rule 144 sale notice reporting proposed and recent dispositions of common stock tied to Grayscale Horizen Trust and Barry Silbert.

Rhea-AI Filing Summary

Canaccord Genuity Inc. submitted a Rule 144 sale notice reporting proposed and recent dispositions of common stock tied to Grayscale Horizen Trust and Barry Silbert. The notice lists 522,786 shares described under a privately negotiated transaction dated 12/16/2020, and records recent sales on 01/27/2026 of 28,065 and 23,773 shares in related entries. The filing references OTCQX and an apparent outstanding figure of 11,425,100 dated 04/27/2026.

Insights

Securities Counsel

Rule 144 notice documents proposed and recent restricted-share dispositions.

The filing lists a privately negotiated transaction of 522,786 shares dated 12/16/2020 and sale entries dated 01/27/2026 for 28,065 and 23,773 shares. Rule 144 notices disclose planned resale of restricted or control securities and do not by themselves effect transfer.

Monitor subsequent Form 4/Form 5 or broker reports for completed transfers; timing and cash‑flow treatment are not specified in the excerpt.

Key Figures

Securities to be sold: 522,786 shares Recent sale - entry 1: 28,065 shares Recent sale - entry 2: 23,773 shares +1 more

4 metrics

Securities to be sold 522,786 shares privately negotiated transaction dated 12/16/2020

Recent sale - entry 1 28,065 shares sale recorded 01/27/2026; associated with Barry Silbert/Grayscale Horizen Trust

Recent sale - entry 2 23,773 shares sale recorded 01/27/2026; numeric entry appears as 23773.00 in the filing

Shares outstanding reference 11,425,100 figure shown with date 04/27/2026 in the filing header

Key Terms

privately negotiated transaction, OTCQX, Rule 144

3 terms

privately negotiated transaction financial

"privately negotiated transaction | issuer | | | 522786 | 12/16/2020"

A privately negotiated transaction is a deal whose terms are worked out directly between a buyer and a seller rather than through a public market or open auction. Think of it like selling a car to a neighbor instead of putting it on eBay: the price, timing and conditions are agreed one-on-one, so investors may see less public information, different pricing compared with market trades, and potential impacts on liquidity and valuation.

OTCQX market

"04/27/2026 | otcqx"

OTCQX is the highest tier of the over‑the‑counter (OTC) marketplaces where shares of companies that aren’t listed on major stock exchanges trade. Think of it as a “premium shelf” for OTC stocks: companies must meet stricter financial and disclosure standards, which can mean clearer information, potentially better investor confidence and somewhat easier trading than lower OTC tiers. Investors watch OTCQX listings as a signal of relative transparency and credibility among OTC-traded firms.

Rule 144 regulatory

"form_type: 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the HZEN Form 144 filing report?

It reports proposed and recent sales of common stock tied to Grayscale Horizen Trust and Barry Silbert. The notice lists 522,786 shares from a 12/16/2020 privately negotiated transaction and sales dated 01/27/2026 of 28,065 and 23,773 shares.

Who is identified as the seller in the HZEN filing?

The filing identifies Barry Silbert and Grayscale Horizen Trust in connection with the reported sales. Canaccord Genuity Inc. appears as the filer and entry includes broker/address details.

Does the Form 144 confirm sale completion for HZEN shares?

No, the Form 144 primarily gives notice of proposed resale and records recent transactions; it does not by itself confirm final transfer or payment. Completed transfers appear in subsequent broker reports or Form 4/5 filings.

How many HZEN shares are listed as to be sold under the private transaction?

The notice lists 522,786 shares tied to a privately negotiated transaction dated 12/16/2020. This number is presented as the securities to be sold in the excerpt.

What trading venue and outstanding share figure appear in the filing?

The excerpt references OTCQX as the trading tier and shows an apparent outstanding figure of 11,425,100 dated 04/27/2026 in the filing text.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 08:56 PM EDT Learn about SEC filing dates

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	0001976415
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Grayscale Horizen Trust (ZEN)
SEC File Number	000-56435
Address of Issuer	290 HARBOR DRIVE 4TH FLOOR STAMFORD CONNECTICUT 06902
Phone	212-668-1427
Name of Person for Whose Account the Securities are To Be Sold	Silbert Barry E.
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	Director
Relationship to Issuer	10% Stockholder

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 Ave New York NY 10022	31332	20052.00	11425100	04/27/2026	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	12/16/2020	privately negotiated transaction	issuer			522786	12/16/2020	USD

* 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 Silbert 222 Purchase St suite 283 Rye NY 10580	Grayscale Horizen Trust	01/27/2026	28065	23773.00

144: Remarks and Signature

Remarks	Previously sold shares were sold across January 27 to February 5
Date of Notice	04/27/2026
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	Barry Silbert
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)