The proposed sale is small relative to the trust's total shares and appears to be a routine liquidity event by a director/10% holder. Monitor for any subsequent Form 4 filings to confirm execution; no material impact on the trust's operations or NAV is expected.
Price Chart
Executive Summary
Barry E. Silbert, a director and 10% stockholder of Grayscale Horizen Trust (ZEN), filed a Form 144 notice of intent to sell 30,369 common shares with an approximate market value of $20,104. The sale is planned for the OTCQX market. This is a relatively small sale relative to the trust's total outstanding shares (49,154,100) and represents a routine insider liquidity event.
Key Facts
- Barry E. Silbert (Director and 10% Stockholder) filed Form 144 to sell 30,369 common shares.
- Estimated aggregate market value of shares to be sold: $20,104.
- Shares were acquired on 12/16/2020 via a privately negotiated transaction from the issuer.
- Total shares outstanding of the trust: 49,154,100.
- Proposed sale date: 10/23/2026; exchange: OTCQX.
- Broker for the proposed sale: Canaccord Genuity.
Financial Impact
Proposed sale of 30,369 shares valued at approximately $20,104 — less than 0.06% of total outstanding shares.
Risk Factors
- Insider selling, even if small, may signal personal liquidity needs or reduced conviction, though the amount here is negligible.
- Form 144 is an intent to sell — the sale may not be executed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001976415-26-000034 |
| Document: 0001976415-26-000034-index.html | 0001976415-26-000034 |
| Document: 0001976415-26-000034.txt | 0001976415-26-000034 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $0.6095 | awaiting T+20 | — | $0.6200 (+1.72%) |
Oct 26, 2026 1d ago | 144 | $0.6610 | awaiting T+20 | — | $0.6200 (−6.20%) |
Oct 23, 2026 4d ago | 144 | $0.5600 | awaiting T+20 | — | $0.6200 (+10.71%) |
Oct 23, 2026 4d ago | 144 | $0.5600 | awaiting T+20 | — | $0.6200 (+10.71%) |
Oct 23, 2026 4d ago | 144 | $0.5600 | awaiting T+20 | — | $0.6200 (+10.71%) |
May 7, 2026 24w ago | 144 | $0.6700 $0.5200 | ▼ −22.39% | ▼ −22.41% | $0.6200 (−7.46%) |
May 5, 2026 25w ago | 144 | $0.7100 $0.6150 | ▼ −13.38% | ▼ −16.16% | $0.6200 (−12.68%) |
May 1, 2026 25w ago | 144 | $0.7000 $0.6950 | ▼ −0.71% | ▼ −6.36% | $0.6200 (−11.43%) |
Apr 30, 2026 25w ago | 144 | $0.6650 $0.6950 | ▲ +4.51% | ▼ −0.75% | $0.6200 (−6.77%) |
Apr 28, 2026 26w ago | 144 | $0.5690 $0.6670 | ▲ +17.22% | ▲ +11.17% | $0.6200 (+8.96%) |
US Market Status
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