Grayscale Horizen Trust (ZEN) 8-K

What Happened
Grayscale Horizen Trust (ZEN) filed an 8‑K (Item 5.02) reporting that Edward McGee stepped down as Chief Financial Officer, Principal Financial and Accounting Officer, and as a member of the sponsor’s Board of Managers effective July 2, 2026. Grayscale appointed Kathryn Masci and Daniel Plourde as interim Co‑Chief Financial Officers of Grayscale Investments Sponsors, LLC effective July 2, 2026, and Ms. Masci was also added to the sponsor’s Board of Managers and named Principal Financial and Accounting Officer of the registrant.

Key Details

• Effective date: July 2, 2026.
• Departing officer: Edward McGee—7 years with Grayscale; stepping down for personal reasons and not due to any disagreement with the company.
• Appointments: Kathryn Masci (Senior VP, Finance) and Daniel Plourde (Senior VP, Finance) named interim Co‑CFOs of the sponsor; Masci will serve as the registrant’s Principal Financial and Accounting Officer.
• Backgrounds: Masci at Grayscale since May 2020, CPA (NY), B.S./M.S. in Accounting (Binghamton University). Plourde joined Grayscale in 2022, has 20+ years in finance, and holds an MBA from UMass Boston.

Why It Matters
A change in financial leadership affects who oversees financial reporting, accounting and controls. Grayscale promoted internal, experienced finance executives on an interim basis, signaling continuity in day‑to‑day financial operations and reporting. Investors should note the leadership change date (July 2, 2026) and monitor future filings for any permanent CFO appointment or changes to financial reporting responsibilities.