{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-230061","form_type":"8-K","ticker":"ZCSH","cik":"0001720265","company_name":"Grayscale Zcash Trust (ZEC)","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.248390+00:00","generated_at":"2026-05-17T04:48:03.064278+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Grayscale Zcash Trust issues 52,300 shares at NAV, raising $250,545 from accredited investors","bullets":["Trust issued 52,300 shares to accredited investors under Rule 506(c) at NAV-based prices.","Aggregate consideration received was $250,545 (4,289.95115626 ZEC).","Grayscale Securities acted as Authorized Participant; no underwriting discounts or commissions paid.","Shares outstanding now total 4,811,500 as of October 3, 2025.","Private placement exempt from registration under Securities Act Section 4(a)(2) and Rule 506(c)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-230061","json":"https://secwatch.observer/filing/0001193125-25-230061.json","markdown":"https://secwatch.observer/filing/0001193125-25-230061.md","text":"https://secwatch.observer/filing/0001193125-25-230061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720265/000119312525230061/0001193125-25-230061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720265/000119312525230061/zcsh-20250930.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:48:03.064278+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}