---
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"
generated_at: "2026-05-17T04:48:03.064278+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Grayscale Zcash Trust issues 52,300 shares at NAV, raising $250,545 from accredited investors

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-230061
- JSON: https://secwatch.observer/filing/0001193125-25-230061.json
- Plain text: https://secwatch.observer/filing/0001193125-25-230061.txt

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