When did the management changes at the iShares Silver Trust sponsor take effect?

The management changes became effective on March 27, 2026. On that date, Jay Jacobs was appointed as a Director and as President and Chief Executive Officer of iShares Delaware Trust Sponsor LLC, while Shannon Ghia resigned from the same director and officer positions at the Sponsor.

Did Shannon Ghia resign from the SLV sponsor due to a disagreement?

No. The filing explicitly states that Shannon Ghia’s decision to resign as Director and as President and Chief Executive Officer of the Sponsor was not the result of any dispute or disagreement with the Sponsor or the Trust on matters relating to operations, policies, or practices.

What role does iShares Delaware Trust Sponsor LLC play for iShares Silver Trust (SLV)?

iShares Delaware Trust Sponsor LLC is identified as the sponsor of iShares Silver Trust. The 8-K focuses on board and executive changes at this Sponsor, indicating its central organizational role in the Trust’s structure, though it does not describe detailed operational responsibilities in this excerpt.

How is BlackRock connected to the leadership of iShares Silver Trust’s sponsor?

Jay Jacobs, newly appointed President and Chief Executive Officer of the Sponsor, is a Managing Director at BlackRock and U.S. Head of Equity ETFs. He was appointed to the Sponsor’s Board of Directors by BlackRock Asset Management International Inc., which is described as the member of the Sponsor.

[8-K] iShares Silver Trust Reports Material Event

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

iShares Silver Trust reported leadership changes at its sponsor entity. On March 27, 2026, Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC and became its President and Chief Executive Officer. This sponsor manages key responsibilities for the Trust.

On the same date, Shannon Ghia resigned as a Director and as President and Chief Executive Officer of the Sponsor. The filing states that her resignation was not due to any dispute or disagreement with the Sponsor or the Trust on operations, policies, or practices.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Appointment date: March 27, 2026 Resignation date: March 27, 2026 Report signature date: March 31, 2026

3 metrics

Appointment date March 27, 2026 Jay Jacobs appointed director and President & CEO of Sponsor

Resignation date March 27, 2026 Shannon Ghia resigned as director and President & CEO of Sponsor

Report signature date March 31, 2026 Date the report was signed on behalf of the Trust

Key Terms

emerging growth company, Board of Directors, sponsor, U.S. Head of Equity ETFs, +1 more

5 terms

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Board of Directors financial

"was appointed to the Board of Directors of iShares Delaware"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

U.S. Head of Equity ETFs financial

"has served as the U.S. Head of Equity ETFs at BlackRock since"

CFA charterholder financial

"Mr. Jacobs earned a BA degree in International Studies ... He is a CFA charterholder."

A CFA charterholder is a finance professional who has passed a series of rigorous exams and met work‑experience and ethics requirements to earn the Chartered Financial Analyst credential. For investors, that credential acts like a trusted license or “black belt” in investment analysis and portfolio management, signaling tested knowledge, disciplined methods, and a commitment to ethical standards—qualities that help evaluate the credibility of financial advice and research.

Understanding 8-K Material Events →

03/30/2026 - 09:49 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 27, 2026

iShares® Silver Trust

(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction of

incorporation)

001-32863
(Commission File Number)

13-7474456
(I.R.S. Employer Identification

No.)

c/o iShares Delaware Trust Sponsor LLC
400 Howard Street
San Francisco, California 94105
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (415) 670-2000

Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Shares	SLV	NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 27, 2026, Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC (the “Sponsor”), which is the sponsor of iShares® Silver Trust (the “Trust”). Mr. Jacobs was appointed by BlackRock Asset Management International Inc., which is the member of the Sponsor. Also on March 27, 2026, Mr. Jacobs was appointed as the President and Chief Executive Officer of the Sponsor.

Mr. Jacobs is a Managing Director of BlackRock, Inc. (“BlackRock”) and has served as the U.S. Head of Equity ETFs at BlackRock since April 7, 2025. In this role, he oversees the overall product strategy, thought leadership, and client engagement for BlackRock’s U.S. index and active equity ETF business. Mr. Jacobs joined BlackRock as U.S. Head of Thematics and Active Equity ETFs on April 18, 2022. From May 2013 to March 2022, he worked at Global X ETFs, where he founded and led the firm’s research and strategy team. Previously, Mr. Jacobs was a business analyst at the New York Stock Exchange from July 2011 to May 2013. Mr. Jacobs earned a BA degree in International Studies from Emory University and an MBA from Columbia Business School. He is a CFA charterholder.

In addition, effective March 27, 2026, Shannon Ghia resigned as a Director of the Sponsor and as President and Chief Executive Officer of the Sponsor. Ms. Ghia’s decision to resign was not the result of any dispute or disagreement with the Sponsor or the Trust on any matter relating to the Trust's operations, policies or practices.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 31, 2026

	iShares® Silver Trust*

	By:	iShares Delaware Trust Sponsor LLC


	By:	/s/ Bryan Bowers
		Name: Bryan Bowers Title: Director and Chief Financial Officer

*	The registrant is a trust. The individual specified above is signing in his capacity as an officer and/or authorized signatory of iShares Delaware Trust Sponsor LLC, the Sponsor of the Trust.

Source: View Original Filing on SEC EDGAR

FAQ

What leadership changes did iShares Silver Trust (SLV) disclose in this 8-K?

The trust disclosed that Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC and became its President and Chief Executive Officer, while Shannon Ghia resigned from both roles at the Sponsor effective March 27, 2026, without any related dispute or disagreement.

Who is Jay Jacobs and what is his background relevant to SLV?

Jay Jacobs is a Managing Director at BlackRock and U.S. Head of Equity ETFs. He previously led thematics and active equity ETFs at BlackRock, and earlier built the research and strategy team at Global X ETFs. He holds an MBA from Columbia Business School and is a CFA charterholder.

Filing Exhibits & Attachments

4 documents