Form 144 is an intent-to-sell notice, not a completed transaction. Monitor for a subsequent Form 4 filing to confirm whether the sale was executed. The sale by a Silbert-family entity is notable given the founder's role, but the dollar amount is modest relative to the trust's likely market cap. No immediate price catalyst.
Price Chart
Executive Summary
Silbert Family Investments LLC, an entity affiliated with Grayscale founder Barry Silbert, filed a Form 144 on October 23, 2026, indicating intent to sell up to 2,320 shares of Grayscale Horizen Trust (HZEN) at an estimated aggregate market value of approximately $3.56 million (based on a $1,536 per-share price). The filing is a routine advance notice of a proposed sale by a control person; the actual sale may or may not occur.
Key Facts
- Filer: Silbert Family Investments LLC (affiliated with Grayscale founder Barry Silbert via family entity)
- Proposed sale: up to 2,320 shares of HZEN common stock
- Estimated value: ~$3.56 million at $1,536/share
- Broker: Canaccord Genuity
- Filing date: October 23, 2026
- Shares acquired: 37,551 shares on August 22, 2018 via privately negotiated transaction from the issuer
Financial Impact
Proposed sale of ~$3.56 million in HZEN shares by a control-person entity; represents a portion of the filer's disclosed holdings (37,551 shares acquired in 2018).
Risk Factors
- Insider selling by a control-person entity could signal reduced conviction or liquidity needs
- The trust's underlying crypto asset (Horizen/ZEN) carries inherent volatility and regulatory risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001979086-26-000008 |
| Document: 0001979086-26-000008-index.html | 0001979086-26-000008 |
| Document: 0001979086-26-000008.txt | 0001979086-26-000008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $0.6610 | awaiting T+20 | — | $0.5915 (−10.51%) |
Oct 23, 2026 3d ago | 144 | $0.7500 | awaiting T+20 | — | $0.5915 (−21.13%) |
Oct 23, 2026 3d ago | 144 | $0.7500 | awaiting T+20 | — | $0.5915 (−21.13%) |
Oct 23, 2026 3d ago | 144 | $0.7500 | awaiting T+20 | — | $0.5915 (−21.13%) |
May 7, 2026 24w ago | 144 | $0.6700 $0.5200 | ▼ −22.39% | ▼ −22.41% | $0.5915 (−11.72%) |
May 5, 2026 24w ago | 144 | $0.7100 $0.6150 | ▼ −13.38% | ▼ −16.16% | $0.5915 (−16.69%) |
May 1, 2026 25w ago | 144 | $0.7000 $0.6950 | ▼ −0.71% | ▼ −6.36% | $0.5915 (−15.50%) |
Apr 30, 2026 25w ago | 144 | $0.6650 $0.6950 | ▲ +4.51% | ▼ −0.75% | $0.5915 (−11.05%) |
Apr 28, 2026 25w ago | 144 | $0.5690 $0.6670 | ▲ +17.22% | ▲ +11.17% | $0.5915 (+3.95%) |
US Market Status
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