HZEN Grayscale Horizen Trust (ZEN)

NEUTRAL Impact: 2/10 144
Horizon immediate Filed May 5, 2026 Processed 1mo ago SEC 0001652536-26-000036
Form 144 — notice of proposed sale of securities
Latest settled — T+20d
HZEN ▼ -13.38% at T+20d
NEUTRAL call ✗ call lost -13.38% · α vs SPY -16.16% · entry $0.7100 → $0.6150
Next anchor: T+60d in 7w
Currently $0.5650 · -20.42% from $0.7100 entry
Entry anchored
May 5, 2026
via day open
T+1d
-5.77%
call -5.77% · α -5.44%
$0.6690
settled 5w ago
T+5d
+2.82%
call +2.82% · α +1.69%
$0.7300
settled 5w ago
T+20d
-13.38%
call -13.38% · α -16.16%
$0.6150
settled 10d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Digital Currency Group, Inc. (DCG), an affiliate of Grayscale Horizen Trust (ZEN), filed a Form 144 indicating the sale of 55,599 common shares between April 27 and May 5, 2026, at prices ranging from $3,870.72 to $5,334.10 per share. The sales represent approximately 0.5% of outstanding shares and were executed through Canaccord Genuity Inc. This is a routine affiliate sale and does not signal material change in the company's outlook.

Actionable Insight

The Form 144 confirms insider sales, but the size is modest relative to total shares. Monitor for any additional filings by Digital Currency Group that could indicate a larger divestment plan. No immediate trading action warranted.

Key Facts

  • Digital Currency Group, Inc. sold 55,599 shares of Grayscale Horizen Trust (ZEN) common stock.
  • Sales occurred on multiple dates from April 27 to May 5, 2026.
  • Transaction prices ranged from $3,870.72 to $5,334.10 per share.
  • Shares were sold through Canaccord Genuity Inc.
  • The total shares sold represent approximately 0.5% of the outstanding 11,425,100 shares.

Financial Impact

Not material; sales represent about 0.5% of outstanding shares.

Risk Factors

  • Potential overhang if Digital Currency Group continues selling additional shares.
  • No negative signal from the filing itself; risk is limited.

Market Snapshot

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Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001652536-26-000036
Document: 0001652536-26-000036-index.html0001652536-26-000036
Document: 0001652536-26-000036.txt0001652536-26-000036
5 reports for HZEN
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Reports for HZEN — sortable, filterable
Type Now
May 7, 2026
5w ago
144
NEUTRAL ★ 2/10
$0.6700 $0.5200▼ −22.39%▼ −22.41%$0.5650 (−15.67%)
May 5, 2026
5w ago
144
NEUTRAL ★ 2/10
$0.7100 $0.6150▼ −13.38%▼ −16.16%$0.5650 (−20.42%)
May 1, 2026
6w ago
144
NEUTRAL ★ 1/10
$0.7000 $0.6950▼ −0.71%▼ −6.36%$0.5650 (−19.29%)
Apr 30, 2026
6w ago
144
NEUTRAL ★ 2/10
$0.6650 $0.6950▲ +4.51%▼ −0.75%$0.5650 (−15.04%)
Apr 28, 2026
6w ago
144
NEUTRAL ★ 2/10
$0.5690 $0.6670▲ +17.22%▲ +11.17%$0.5650 (−0.70%)
Showing 5 of 5

US Market Status

Market Closed — Opens Mon (48h 47m)

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