Zcash ETF: Karminski reports 3.31% passive stake

The reported shares are subject to sole voting and dispositive power, while shared power is zero for both.

Rhea-AI Filing Summary

Zcash ETF (ZCSH) beneficial ownership amendment reports that individual Michal Adam Karminski beneficially owns 726,553 shares, or 3.313% of the class. He has sole voting power and sole dispositive power over 726,553 shares, with zero shared voting or dispositive power.

Key Figures

Beneficial ownership: 726,553 shares Percent of class: 3.313% Sole voting power: 726,553 shares +3 more

6 metrics

Beneficial ownership 726,553 shares Michal Adam Karminski's reported position

Percent of class 3.313% Michal Adam Karminski's reported ownership

Sole voting power 726,553 shares Reported by Michal Adam Karminski

Sole dispositive power 726,553 shares Reported by Michal Adam Karminski

Shared voting power 0 shares Reported by Michal Adam Karminski

Shared dispositive power 0 shares Reported by Michal Adam Karminski

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power

3 terms

beneficially owned regulatory

"Amount beneficially owned: 726553"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Sole Voting Power 726,553.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"Sole Dispositive Power 726,553.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

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

How many ZCSH shares does Michal Adam Karminski report owning?

Michal Adam Karminski reports beneficial ownership of 726,553 ZCSH shares, equal to 3.313% of the class. He reports sole voting and dispositive power over 726,553 shares.

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

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Available on EDGAR 10/06/2026 - 06:00 PM Accepted by SEC EDGAR 10/06/2026 - 05:59 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Zcash ETF

(Name of Issuer)

The Zcash ETF

(Title of Class of Securities)

38964G108

(CUSIP Number)

10/05/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 38964G108

1

Names of Reporting Persons

Karminski Michal Adam

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

POLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 726,553.00
6	Shared Voting Power
7	Sole Dispositive Power 726,553.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

726,553.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

100.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Zcash ETF
(b)	Address of issuer's principal executive offices: 290 HARBOR DRIVE, 290 HARBOR DRIVE, STAMFORD, CONNECTICUT, 06902.
Item 2.
(a)	Name of person filing: KARMINSKI MICHAL ADAM
(b)	Address or principal business office or, if none, residence: Bd d'Italie 74, Etage 1, 98000, Monaco
(c)	Citizenship: POLISH
(d)	Title of class of securities: The Zcash ETF
(e)	CUSIP No.: 38964G108
Item 4.	Ownership
(a)	Amount beneficially owned: 726553
(b)	Percent of class: 3.313%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 726553
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 726553
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Karminski Michal Adam

Signature:	KARMINSKI MICHAL ADAM
Name/Title:	INDIVIDUAL
Date:	10/06/2026