---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-043257"
form_type: "8-K"
ticker: "ZCSH"
cik: "0001720265"
company_name: "Grayscale Zcash Trust (ZEC)"
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T08:48:13.690524+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Grayscale Zcash Trust issues 74,200 shares for ~$293k in private placement

## Summary
- Issued 74,200 shares to accredited investors via Rule 506(c) at NAV-based prices.
- Gross proceeds of 6,185.50 ZEC, valued at $293,065; no underwriting discounts paid.
- Total shares outstanding reach 4,759,200 as of March 21, 2025.
- Grayscale Securities acted as Authorized Participant and deemed underwriter for the distribution.

## SEC filing metadata
- accession: 0000950170-25-043257
- form_type: 8-K
- ticker: ZCSH
- cik: 0001720265
- company_name: Grayscale Zcash Trust (ZEC)
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720265/000095017025043257/0000950170-25-043257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720265/000095017025043257/zcsh-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-043257
- JSON: https://secwatch.observer/filing/0000950170-25-043257.json
- Plain text: https://secwatch.observer/filing/0000950170-25-043257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.