4/A: ETHZilla Director's Restricted Stock Grant Rescinded
Amendment to Beneficial Ownership Statement
ETHZilla Corp. director Ryan Lewis Smith's previously granted restricted common stock awards, totaling 16,718 shares, have been rescinded and cancelled.
Summary
- Ryan Lewis Smith, a director of ETHZilla Corp. (ETHZ), had 16,718 shares of restricted Common Stock, previously granted on November 12, 2025, rescinded and cancelled.
- The rescission and cancellation were approved by the Issuer's Board of Directors on December 1, 2025, following a recommendation from the Compensation Committee.
- Smith entered into a Restricted Stock Award Rescission Agreement on December 1, 2025, acknowledging and agreeing to the cancellation effective as of the original grant date.
- No consideration was paid in connection with these rescissions, and all such awards have been cancelled.
- This Form 4/A amends and replaces the original Form 4 filed on November 17, 2025, to reflect the holdings prior to the now-rescinded awards.
- Any prior reported gifts of shares related to these awards were also unwound or not consummated.
Sentiment
Score: 4
Explanation: The rescission of a director's stock grant is a negative event for the individual, but its impact on the company's overall sentiment is neutral without further context on the reasons for the rescission.
Negatives
- Director Ryan Lewis Smith had 16,718 shares of restricted Common Stock rescinded and cancelled, reducing his beneficial ownership from what it would have been.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This filing is a routine disclosure of an insider transaction correction and does not provide information relevant to broader industry trends or competitors.
Comparison to Industry Standards
- Not applicable to this type of filing.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Decision | The Board of Directors, upon recommendation of the Compensation Committee, approved the rescission and cancellation of restricted stock awards. | 12/01/2025 | Demonstrates the Compensation Committee and Board's oversight in managing executive compensation, potentially correcting an earlier decision. |
Related Party Transactions
- The rescission and cancellation of 16,718 shares of restricted Common Stock involved a transaction between the Issuer and its director, Ryan Lewis Smith.
Stakeholder Impact
- Shareholders: Neutral to slightly positive, as it corrects a compensation grant, potentially aligning director incentives or correcting an over-grant.
- Reporting Person (Ryan Lewis Smith): Negative, as 16,718 shares of restricted stock were cancelled.
Key Dates
| Date | Description |
|---|---|
| 11/12/2025 | Original grant date of restricted Common Stock to Ryan Lewis Smith. |
| 11/17/2025 | Date of original Form 4 filing by Ryan Lewis Smith. |
| 12/01/2025 | Board of Directors approved the rescission and cancellation of the restricted stock awards; Ryan Lewis Smith entered into a Rescission Agreement. |
| 12/03/2025 | Signature date of the amended Form 4/A. |
Keywords
ETHZilla Corp, ETHZ, Form 4/A, Beneficial Ownership, Restricted Stock, Stock Grant Rescission, Director Compensation, Ryan Lewis Smith, SEC Filing
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