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- Departure of CFO (new) — CFO Edward McGee stepped down effective July 2, though the filing states this is for personal reasons with no disagreement.
Grayscale CFO Edward McGee steps down after 7 years; two interim Co-CFOs appointed
Filed July 2, 2026 · Period ending June 26, 2026 · ~1 min read
Key Changes
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CFO Edward McGee departed July 2 for personal reasons after 7 years, with no disagreement cited; Grayscale appointed two internal Senior VPs as interim Co-CFOs.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Kathryn Masci (6 years at Grayscale, CPA, public-company accounting background) and Daniel Plourde (20+ years financial services, ETF trust experience) named Co-CFOs on interim basis.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Masci also appointed Principal Financial and Accounting Officer and to the Board of Managers; interim structure suggests permanent CFO search underway.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Grayscale Bitcoin Mini Trust's sponsor disclosed that CFO Edward McGee stepped down July 2 after seven years, citing personal reasons with no operational disagreement. The company immediately appointed two internal finance executives—Kathryn Masci and Daniel Plourde—as interim Co-CFOs, both promoted to Senior Vice President in January 2026.
Masci, a CPA with six years at Grayscale and prior public-company accounting roles, will also serve as Principal Financial and Accounting Officer and join the Board of Managers. Plourde brings over 20 years of financial services experience, including ETF trust roles at State Street Global Advisors.
While CFO departures warrant attention, the filing's explicit statement of an amicable exit for personal reasons, combined with immediate internal succession by two seasoned finance leaders, mitigates concern. The interim Co-CFO structure signals Grayscale is likely conducting a permanent search. For Bitcoin Mini Trust holders, financial reporting continuity appears intact through the transition, though investors should watch for the permanent CFO appointment and any changes to financial controls or reporting quality in upcoming filings.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Edward McGee, the current Chief Financial Officer, Principal Financial and Accounting Officer and member of the Board of Managers of Grayscale Investments Sponsors, LLC, as applicable, who has decided to step down from his position effective July 2, 2026. 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. He leaves the Company on good terms and Grayscale thanks him for his 7 years of service.
Edward McGee, who served as CFO, Principal Financial and Accounting Officer, and Board member, is stepping down effective July 2, 2026 after 7 years with Grayscale. The filing explicitly states he is leaving for personal reasons, not due to any disagreement with the company or issues with operations, policies, or practices, and is departing on good terms.
Added in current filing · verify on EDGAR →
Grayscale Operating, LLC, the sole member of Grayscale Investments Sponsors, LLC, has approved 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 and the appointment of Ms. Masci as a member of the Board of Managers of Grayscale Investments Sponsors, LLC. Ms. Masci will also serve as Principal Financial and Accounting Officer of the registrant effective July 2, 2026.
Kathryn Masci and Daniel Plourde, both Senior Vice Presidents of Finance, have been appointed as Co-Chief Financial Officers on an interim basis effective July 2, 2026. Ms. Masci will also serve as Principal Financial and Accounting Officer of the registrant and has been appointed to the Board of Managers. The interim nature suggests Grayscale may be conducting a search for a permanent CFO.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Kathryn Masci has served as Senior Vice President of Finance of Grayscale since January 2026 and has been with Grayscale since May 2020. Prior to serving as Senior Vice President of Finance, Ms. Masci held various finance and accounting roles at Grayscale. Prior to joining Grayscale, Ms. Masci served as Assistant Controller at Garrison Capital Inc., a publicly traded business development company, from July 2019 to May 2020. Before joining Garrison Capital, Ms. Masci served as a Senior Financial Reporting Associate at Pzena Investment Management, Inc., a publicly traded investment management firm, where she oversaw financial reporting and accounting policy from October 2016 to July 2019. From July 2014 to October 2016, Ms. Masci worked at Ernst & Young LLP in the Banking & Capital Markets and Professional Practice groups, providing audit and advisory services to financial services clients and supporting the consultation and accounting policy process for financial services audit teams. Ms. Masci earned her Bachelor of Science and Master of Science degrees in Accounting from the School of Management at Binghamton University, State University of New York. Ms. Masci is a Certified Public Accountant licensed in the state of New York.
Kathryn Masci has been with Grayscale since May 2020, most recently as Senior Vice President of Finance since January 2026. She brings experience from Ernst & Young and two publicly traded financial firms, holds a CPA license, and has master's-level accounting credentials. Her six years at Grayscale and progression through finance roles provide internal continuity during the CFO transition.
Added in current filing · verify on EDGAR →
Daniel Plourde has served as Senior Vice President of Finance of Grayscale since January 2026, after joining the firm as Vice President in September 2022, and has served as Assistant Treasurer of the Grayscale Funds Trust since 2025. Mr. Plourde has over 20 years of financial services experience, including senior roles in treasury, fund administration, and financial planning. Prior to joining Grayscale, Mr. Plourde served as Vice President at Gabelli Asset Management and Vice President of the Gabelli Funds Trusts. Previously, Mr. Plourde served as Vice President at State Street Global Advisors and Assistant Treasurer of the SPDR ETF Trusts.
Daniel Plourde has been with Grayscale since September 2022 and was promoted to Senior Vice President of Finance in January 2026. He brings over 20 years of financial services experience, including treasury and fund administration roles at major asset managers like State Street Global Advisors and Gabelli, with specific ETF trust experience from his work with SPDR ETFs.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 8, 2026 · How we verify