13 unchanged sentences
The Shares were sold in connection with an ongoing offering pursuant to Rule 506(c) of Regulation D under the Securities Act.
−Removed: Genesis acted as the Authorized Participant with respect to these distributions.
+Added: Grayscale Securities acted as the Authorized Participant with respect to these distributions beginning October 3, 2022.
+Added: For all such distributions prior to October 3, 2022, Genesis acted as the Authorized Participant with respect to these distributions.
In exchange for these sales, the Trust received an aggregate of 437,428.03254882 ZEC.
−Removed: During the year ended December 31, 2023, the Registrant did not distribute any Shares.
Because Shares have been, and continue to be, created and issued on a periodic basis, a “distribution,” as such term is used in the Securities Act, may be occurring from time to time.
3 unchanged sentences
Purchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Zcash Trust (ZEC) (OTCQX:
−Removed: ZCSH) by DCG, the parent company of the Sponsor, on a monthly basis during the three months ended December 31, 2023:
+Added: ZCSH) by DCG, the indirect parent company of the Sponsor, on a monthly basis during the three months ended December 31, 2024:
(a) Total Number of Shares of ZCSH Purchased
6 unchanged sentences
December 1, 2024 - December 31, 2024
−Removed: On March 2, 2022, the Board approved the purchase by DCG, the parent company of the Sponsor, of up to $10 million worth of Shares of the Trust.
+Added: (1) On March 2, 2022, the Board approved the purchase by DCG, the indirect parent company of the Sponsor, of up to $10 million worth of Shares of the Trust.
Subsequently, DCG authorized such purchase.
1 unchanged sentence
From March 2, 2022 through June, 30, 2022, DCG purchased a total of $2.0 million worth of Shares of the Trust.
−Removed: From July 1, 2022 through February 19, 2024, DCG had not purchased any Shares of the Trust under this authorization.
+Added: From July 1, 2022 through March 3, 2025, DCG had not purchased any Shares of the Trust under this authorization.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.