4/A: ETHZilla Director's Stock Awards Rescinded
Amendment to Beneficial Ownership Statement
ETHZilla Corp's director, Andrew P Suckling, had previously granted restricted common stock awards rescinded and cancelled effective ab initio.
Summary
- Andrew P Suckling, a Director and 10% Owner of ETHZilla Corp, had restricted Common Stock awards, originally granted on November 12, 2025, rescinded and cancelled.
- The rescission and cancellation were approved by the Board of Directors on December 1, 2025, following a recommendation from the Compensation Committee.
- Suckling also entered into a Restricted Stock Award Rescission Agreement with ETHZilla Corp on December 1, 2025, acknowledging and agreeing to the cancellation.
- No consideration was paid in connection with these rescissions, and all associated awards have been cancelled.
- This Form 4/A amends and replaces a prior Form 4 filed on November 17, 2025, to reflect the unwinding of these awards and any related gifts of shares.
Sentiment
Score: 5
Explanation: Neutral. The filing is a factual correction regarding a director's stock awards, neither inherently positive nor negative for the company's operational or financial performance.
Negatives
- The reporting person, Andrew P Suckling, lost the restricted stock awards that were previously granted.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine amendment to an insider ownership report, reflecting a change in a director's stock awards. It does not provide information relevant to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Policy Implementation | The Board of Directors, upon recommendation of the Compensation Committee, approved the rescission and cancellation of restricted stock awards, indicating adherence to established governance procedures for executive compensation. | 12/01/2025 | Demonstrates active oversight by the Compensation Committee and Board regarding equity awards, ensuring proper governance. |
Stakeholder Impact
- Shareholders: Clarifies the outstanding share count by removing previously granted but now rescinded restricted stock awards.
- Andrew P Suckling (Director): Lost the economic benefit of the rescinded restricted stock awards.
Key Dates
| Date | Description |
|---|---|
| 11/12/2025 | Original grant date of restricted Common Stock awards to Andrew P Suckling. |
| 11/17/2025 | Date of original Form 4 filing by Andrew P Suckling, which this Form 4/A amends. |
| 12/01/2025 | Board of Directors approved the rescission and cancellation of the awards upon Compensation Committee recommendation. |
| 12/01/2025 | Andrew P Suckling entered into a Restricted Stock Award Rescission Agreement with ETHZilla Corp. |
| 12/03/2025 | Signature date of this amended Form 4/A filing. |
Keywords
ETHZilla Corp, ETHZ, Andrew P Suckling, Form 4/A, SEC Filing, Restricted Stock, Stock Awards, Beneficial Ownership, Director Compensation, Corporate Governance
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