HZEN Grayscale Horizen Trust (ZEN)

NEUTRAL Impact: 2/10 144

Horizon immediate Filed May 7, 2026 Processed 1mo ago SEC 0001652536-26-000038

Form 144 — notice of proposed sale of securities

Latest settled — T+20d

HZEN ▼ -22.39% at T+20d

NEUTRAL call ✗ call lost -22.39% · α vs SPY -22.41% · entry $0.6700 → $0.5200

Next anchor: T+60d in 8w

Currently $0.4769 · -28.82% from $0.6700 entry

Entry anchored
May 7, 2026
via day open

T+1d

+5.82%

call +5.82% · α +5.59%

$0.7090

settled 5w ago

T+5d

+4.18%

call +4.18% · α +2.72%

$0.6980

settled 27d ago

T+20d

-22.39%

call -22.39% · α -22.41%

$0.5200

settled 5d ago

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Digital Currency Group, Inc., an affiliate of Grayscale Horizen Trust (HZEN), filed Form 144 indicating intent to sell approximately 68,474 shares over nine trading days from April 27 to May 7, 2026, with an estimated total value of ~$44,054. The sale represents a small fraction of the affiliate's holdings (~11.4 million shares) and appears routine.

Actionable Insight

This is a routine small-scale sale by an affiliate. No immediate trading action warranted, but monitor for any future large-scale dispositions that could signal a change in sentiment.

Key Facts

Reporting owner: Digital Currency Group, Inc. (affiliate of Grayscale Horizen Trust)
Proposed sale of 68,474 common shares over nine trading days (04/27/2026–05/07/2026)
Estimated total market value of proposed sales: $44,054
Shares beneficially owned: 11,425,100
Broker: Canaccord Genuity Inc
Shares acquired on 09/30/2023 via privately negotiated transaction from issuer

Financial Impact

Proposed sales total ~$44,054, which is immaterial relative to the affiliate's holdings of 11.4 million shares

Risk Factors

No material risks identified; sale is small and routine

Market Snapshot

Exchange

OTC

Sector

Commodity Contracts Brokers & Dealers

Documents Analyzed

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

Document	Accession Number
144 Filing (Primary)	0001652536-26-000038
Document: 0001652536-26-000038-index.html	0001652536-26-000038
Document: 0001652536-26-000038.txt	0001652536-26-000038

5 reports for HZEN

T+1T+5T+20T+60

Filters

Reports for HZEN — sortable, filterable
	Type				Now
May 7, 2026 4w ago	144 NEUTRAL ★ 2/10	$0.6700 $0.5200	▼ −22.39%	▼ −22.41%	$0.4769 (−28.82%)
May 5, 2026 5w ago	144 NEUTRAL ★ 2/10	$0.7100 $0.6150	▼ −13.38%	▼ −16.16%	$0.4769 (−32.83%)
May 1, 2026 5w ago	144 NEUTRAL ★ 1/10	$0.7000 $0.6950	▼ −0.71%	▼ −6.36%	$0.4769 (−31.87%)
Apr 30, 2026 5w ago	144 NEUTRAL ★ 2/10	$0.6650 $0.6950	▲ +4.51%	▼ −0.75%	$0.4769 (−28.29%)
Apr 28, 2026 6w ago	144 NEUTRAL ★ 2/10	$0.5690 $0.6670	▲ +17.22%	▲ +11.17%	$0.4769 (−16.19%)

US Market Status

Market Closed — Opens Thu (11h 12m)

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