Welcome to our dedicated page for Grayscale Zcash Trust SEC filings (Ticker: ZCSH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Grayscale Zcash Trust (ZEC) (ZCSH) SEC filings page on Stock Titan brings together the Trust’s regulatory disclosures, allowing users to review how this statutory trust reports material events, share issuances and governance changes. The Trust’s securities are identified in filings as Grayscale Zcash Trust (ZEC) Shares registered under Section 12(g) of the Exchange Act, with ZCSH listed as the trading symbol and no exchange specified.
Key filings include Form 8-K reports on unregistered sales of equity securities, where the Trust details private placements of newly issued shares to accredited investors under Rule 506(c) of Regulation D. These filings describe how pricing is determined by reference to net asset value per share and how Grayscale Securities, LLC acts as the Authorized Participant, potentially being deemed an underwriter under Section 2(a)(11) of the Securities Act due to ongoing share creation.
Other 8-Ks focus on internal corporate reorganizations and sponsor governance, such as the transition of managing member rights to Grayscale Investments, Inc. and the establishment of its board of directors to manage and direct the affairs of the Sponsor. These documents outline how entities within the Digital Currency Group, Inc. family are structured around the Trust.
Filings also address index pricing and methodology. One 8-K explains that CoinDesk Indices, Inc. serves as the Index Provider for the CoinDesk Zcash Price Index (ZCX), and documents the removal of Bitfinex from the set of constituent trading platforms used to calculate the Index Price, leaving Coinbase, Kraken and Gemini as constituents as of that filing. Another 8-K describes the Sponsor’s use of X (formerly Twitter), clarifying that third-party cashtag pages are not authorized sources of information.
On Stock Titan, users can access these SEC filings in one place and use AI-powered summaries to interpret the implications of each report. This includes simplified explanations of 8-K disclosures, insights into share issuance activity, sponsor and governance changes, and the evolving methodology behind the Index Price referenced by the Trust.
ZCSH: A Form 144 notice indicates an intended sale of 1,000 common shares through Capital Institutional Services, Inc., with an aggregate market value of $47,250.00. The filing lists the approximate sale date as 11/06/2025 and the trading venue as OTCQX.
The table shows 4,829,300 shares outstanding. The securities to be sold were acquired on 07/11/2018 in a privately negotiated transaction from the issuer, with cash as consideration. This notice reflects an intention to sell in compliance with Rule 144 requirements.
ZCSH: A shareholder filed a Form 144 notice to sell 9,753 shares of common stock. The planned sale lists Canaccord Genuity Inc. as broker and targets the OTCQX, with an approximate sale date of 11/05/2025. The filing cites an aggregate market value of $407,312.59 and 4,829,300 shares outstanding.
The shares were originally acquired on 10/24/2017 in a privately negotiated transaction purchased from the issuer for cash. The notice also reports a prior sale in the last three months by Silbert Family Investments LLC of 1,897 shares on 07/25/2025 for gross proceeds of $6,919.00.
Grayscale Zcash Trust (ZCSH) reported Q3 results, reflecting higher ZEC prices and modest share creations. Net assets rose to $29.8 million as of September 30, 2025, with Principal Market NAV per Share $6.18 and 4,811,500 Shares outstanding. The Trust held 394,550.34866028 ZEC at a fair value of $75.42 per ZEC (Coinbase, 4:00 p.m. ET).
Q3 operations showed a $14.2 million increase in net assets from operations, driven by a $14.3 million net realized and unrealized gain, partially offset by a $108 thousand Sponsor’s Fee. Total return for the quarter was 91.93%. The annual Sponsor’s Fee is 2.5%, payable in ZEC, contributing to the slight decline in ZEC per Share over time. The Trust does not operate a redemption program. Subsequent to quarter-end, the sponsor structure was reorganized on October 22, 2025, and ZEC fair value was $383.42 per ZEC as of October 31, 2025.
Grayscale Zcash Trust (ZCSH) reported a corporate reorganization at its sponsor level. On October 22, 2025, Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC (GSO), which is the sole member of Grayscale Investments Sponsors, LLC, the sponsor of the Trust. This occurred after GSO Intermediate Holdings Corporation transferred a portion of its common membership units of GSO for Class A shares of Grayscale Investments and ceded managing member rights.
DCG Grayscale Holdco, LLC, the sole stockholder of Grayscale Investments, elected a board of directors for Grayscale Investments consisting of Barry Silbert (Chairperson), Mark Shifke, Simon Koster, Peter Mintzberg, and Edward McGee. The company stated it does not expect the reorganization to have any material impact on the Trust’s operations. All involved entities remain consolidated subsidiaries of Digital Currency Group, Inc.
Grayscale Zcash Trust (ZCSH) reported a leadership change at an affiliate of its sponsor. On October 13, 2025, GSO Intermediate Holdings Corporation—the sole managing member of Grayscale Operating, LLC, which is the sole member of Grayscale Investments Sponsors, LLC (the Trust’s sponsor)—announced that Matthew Kummell stepped down from its Board of Directors and Simon Koster was appointed to the Board.
Koster is the Chief Strategy Officer at Digital Currency Group (DCG). His background includes leading DCG’s investment team and prior executive roles in real estate. He also serves on the boards of Foundry, Luno, Fortitude, and Yuma, each affiliated with Grayscale.
Grayscale Zcash Trust (ZEC) reported an unregistered sale of equity securities through private placements to accredited investors. Since its last report, the Trust issued 52,300 Shares at prices based on net asset value per share in transactions exempt from Securities Act registration under Rule 506(c). These issuances corresponded to 4,289.95115626 ZEC, representing $250,545, with Grayscale Securities, LLC acting as the Authorized Participant. Following these issuances, there were 4,811,500 Shares issued and outstanding as of October 3, 2025. No underwriting discounts or commissions were paid to Grayscale Securities in connection with these sales, although it may be deemed an underwriter under the Securities Act because it facilitates the creation and distribution of Shares.