ETHZilla Corp

Filing Date

Dec 3, 2025

Transaction Date

Nov 12, 2025

Accession Number

0001213900-25-117993

Form Type

4

Footnotes

1. (F1)On December 1, 2025, upon the recommendation of the Compensation Committee, the Board of Directors of the Issuer approved the rescission and cancellation, in their entirety and effective ab initio, of the shares of restricted Common Stock previously granted to the Reporting Person on November 12, 2025 (the "Awards"). In addition, on December 1, 2025, the Reporting Person entered into a Restricted Stock Award Rescission Agreement with the Issuer pursuant to which he acknowledged and agreed to the rescission and cancellation of the Awards effective as of their original grant date. No consideration was paid in connection with these rescissions, and all such Awards have been cancelled.
2. (F2)This Form 4/A amends and replaces the prior Form 4 filed by the Reporting Person on November 17, 2025, to describe the holdings of the Reporting Person prior to such now rescinded Awards (see Footnote 1). All prior reported gifts of shares issued in connection with the Awards were also unwound or not consummated and the Awarded shares associated therewith cancelled.
3. (F3)The Reporting Person is the founder and managing partner of New Island Capital LLC, and therefore deemed to beneficially own the securities held by such entity. Mr. New disclaims beneficial ownership of the securities owned directly by New Island Capital LLC, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.