HZEN Form 144: Proposed sale of 12,947 shares on OTCQX

HZEN received a Form 144 notice for a proposed sale of up to 12,947 common shares through Capital Institutional Services, Inc. The filing lists an aggregate market value of $27,586.17 and an approximate sale date of 11/05/2025 on OTCQX.

Rhea-AI Filing Summary

HZEN received a Form 144 notice for a proposed sale of up to 12,947 common shares through Capital Institutional Services, Inc. The filing lists an aggregate market value of $27,586.17 and an approximate sale date of 11/05/2025 on OTCQX.

The form reports 11,425,100 shares outstanding. The seller acquired these shares on 08/10/2018 in a privately negotiated transaction directly from the issuer for cash. The filing also notes prior activity: on 07/31/2025, a holder sold 13,475 Grayscale Horizen Trust shares for $10,080.00.

FAQ

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

What does HZEN’s Form 144 filing indicate?

It indicates a selling shareholder’s intent to sell up to 12,947 common shares with an aggregate market value of $27,586.17, subject to Rule 144.

When and where might the HZEN shares be sold?

The notice lists an approximate sale date of 11/05/2025 on the OTCQX market.

How many HZEN shares are outstanding?

The form reports 11,425,100 shares outstanding.

Who is the broker for the proposed HZEN share sale?

The broker listed is Capital Institutional Services, Inc.

How were the HZEN shares proposed for sale originally acquired?

They were acquired on 08/10/2018 in a privately negotiated transaction from the issuer for cash.

Were there recent sales related to HZEN noted in the filing?

Yes. On 07/31/2025, a holder sold 13,475 Grayscale Horizen Trust shares for $10,080.00.

Does HZEN receive proceeds from this Form 144 sale?

Form 144 sales are by a selling shareholder; proceeds accrue to the seller, not the company.

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

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Accepted by SEC EDGAR 11/05/2025 - 03:13 PM EST 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	212-473-2408
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	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	Capital Institutional Services, Inc. 1700 Pacific Avenue Suite 1100 Dallas TX 75201	12947	27586.17	11425100	11/05/2025	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	08/10/2018	Privately negotiated transaction	Purchased from issuer			12947	08/10/2018	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
PACIFIC PREMIER TRUST FBO BARRY SILBERT ROTH IRA 222 Purchase Street 283 Rye NY 10580	Grayscale Horizen Trust	07/31/2025	13475	10080.00

144: Remarks and Signature

Remarks	Previous sales: sold 13,475 shares between 7/31/25-8/6/25 totaling $10,080. Trade occurred through his Roth IRA account: PACIFIC PREMIER TRUST FBO BARRY SILBERT ROTH IRA.
Date of Notice	11/05/2025
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 E Silbert
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)