Grayscale Zcash Trust (ZEC) — fact timeline

Kathryn Masci was appointed as Member of the Board of Managers at Grayscale Zcash Trust (ZEC).

“the appointment of Ms. Masci as a member of the Board of Managers of Grayscale Investments Sponsors, LLC”

Kathryn Masci was appointed as Co-Chief Financial Officer at Grayscale Zcash Trust (ZEC).

“the appointment of Kathryn Masci, Senior Vice President, Finance, and Daniel Plourde, Senior Vice President, Finance, to serve as Co-Chief Financial Officers of Grayscale Investments Sponsors, LLC on an interim basis, effective July 2, 2026”

Edward McGee departed as Chief Financial Officer at Grayscale Zcash Trust (ZEC).

“Mr. McGee is stepping down for personal reasons and not due to any disagreement with the Company or any matter relating to Grayscale’s operations, policies or practices.”

Grayscale Zcash Trust (ZEC) entered into Second Amended and Restated Declaration of Trust and Trust Agreement with CSC Delaware Trust Company (effective 2026-03-09).

“On March 9, 2026, following approval of the Proposals (as defined below), Grayscale Investments Sponsors, LLC, the sponsor (the “Sponsor”) of Grayscale Zcash Trust (ZEC) (the “Trust”), and CSC Delaware Trust Company, the trustee (the “Trustee”) of the Trust, entered into the Second Amended and Restated Declaration of Trust and Trust Agreement, dated as of March 9, 2026 (the “Second A&R Trust Agreement”).”

Grayscale Zcash Trust (ZEC) issued 52,300 Shares of common stock to accredited investors for 4,289.95115626 ZEC representing $250,545.

“the Trust issued 52,300 Shares at varying prices determined by reference to its NAV per Share to selected "accredited investors," within the meaning of Rule 501 of Regulation D under the Securities Act of 1933, as amended (the "Securities Act"), in private placement transactions exempt from the registration requirements of the Securities Act pursuant to Rule 506(c) thereunder for an aggregate of 4,289.95115626 ZEC representing $250,545.”

Hugh Ross departed as Chief Operating Officer at Grayscale Zcash Trust (ZEC).

“Hugh Ross, the current Chief Operating Officer of Grayscale Operating, LLC, who has decided to step down from his position and is expected to remain with Grayscale to assist with the transition of his responsibilities until his departure on or prior to May 31, 2025.”

Diana Zhang was appointed as Chief Operating Officer at Grayscale Zcash Trust (ZEC).

“the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.”

Edward McGee was appointed as Interim Principal Executive Officer at Grayscale Zcash Trust (ZEC).

“Mr. Edward McGee, the Chief Financial Officer of Grayscale and principal financial officer of the Company, will serve as principal executive officer on an interim basis until Mr. Mintzberg’s commencement date.”

Michael Sonnenshein departed as Chief Executive Officer at Grayscale Zcash Trust (ZEC).

“Mr. Mintzberg will succeed Michael Sonnenshein, the current Chief Executive Officer of Grayscale and the principal executive officer of the Company, who has decided to step down from his position, effective immediately.”

Peter Mintzberg was appointed as Chief Executive Officer at Grayscale Zcash Trust (ZEC).

“Grayscale Investments, LLC (“ Grayscale ”), the sponsor of Grayscale Zcash Trust (ZEC) (the “ Company ”), announced that it has approved the appointment of Peter Mintzberg to serve as Grayscale’s new Chief Executive Officer and the principal executive officer of the Company, and a member of the Board of Directors of Grayscale, effective August 15, 2024.”

Grayscale Zcash Trust (ZEC) amended Amendment No. 3 with Grayscale Investments, LLC and Delaware Trust Company (effective 2024-03-22).

“On March 22, 2024, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Zcash Trust (ZEC) (the “Trust”) and the Delaware Trust Company, the trustee (the “Trustee”) of the Trust entered into Amendment No. 3 (the “Amendment No. 3”) to the Trust’s Amended and Restated Declaration of Trust and Trust Agreement (the “Trust Agreement”) in order to modify the definition of “Business Day” (as defined therein).”

Grayscale Zcash Trust (ZEC) engaged KPMG LLP as its auditor.

“(b) Appointment of New Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of the Sponsor approved the engagement of KPMG LLP (“KPMG”) to be the Trust’s independent registered public accounting firm to perform independent audit services for the Trust beginning with its fiscal year ending December 31, 2024.”

Grayscale Zcash Trust (ZEC) dismissed Marcum LLP as its auditor.

“(a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024, the Audit Committee of the Board of Directors of Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Zcash Trust (ZEC) (the “Trust”), approved the dismissal of the current independent registered public accounting firm of the Trust, Marcum LLP (“Marcum”), effective March 1, 2024. Marcum’s responsibilities as the Trust’s independent registered public accounting firm ceased upon completion of the audit engagement for the Trust’s financial statements for the fiscal year ending December 31, 2023.”

Grayscale Zcash Trust (ZEC) amended Index License Agreement with CoinDesk Indices, Inc. valued at extend the term from February 29, 2024, to February 28, 2025 (effective 2023-06-20).

“On June 20, 2023, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Zcash Trust (ZEC) (the “Trust”), and CoinDesk Indices, Inc. (the “Index Provider”), entered into an Amendment (the “Amendment”) to the Index License Agreement dated January 31, 2022, between the Sponsor and the Index Provider (the “Index License Agreement”) governing the Sponsor’s use of the CoinDesk Zcash Price Index (ZCX) (the “Index”) to calculate the Index Price, among other things.”