NYSE: GBTC Grayscale Bitcoin Trust ETF 8-K

Grayscale appoints two interim Co-CFOs as Edward McGee steps down after 7 years

Filed July 2, 2026 · Period ending June 26, 2026 · ~1 min read

Key Changes

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CFO Edward McGee stepped down July 2 for personal reasons after 7 years; no disagreement with company operations or policies.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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Kathryn Masci and Daniel Plourde appointed interim Co-CFOs; Masci also named Principal Financial Officer and joins Board of Managers.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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Masci has been with Grayscale since May 2020, most recently as SVP Finance; CPA with public company financial reporting experience.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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Plourde joined Grayscale in September 2022, promoted to SVP Finance in January 2026; 20+ years in financial services including ETF operations.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →

Summary

Grayscale disclosed a CFO transition effective July 2, 2026. Edward McGee stepped down after seven years for personal reasons, with the filing explicitly stating his departure is not due to any disagreement with the company. The trust appointed two interim Co-CFOs: Kathryn Masci and Daniel Plourde, both Senior Vice Presidents of Finance.

Masci also assumes the Principal Financial Officer role and joins the Board of Managers. Both successors are internal promotions with relevant credentials. Masci has been with Grayscale since May 2020 and brings public company financial reporting experience from prior roles at Garrison Capital and Pzena Investment Management, plus Big Four audit background.

Plourde joined in September 2022 and has over 20 years in financial services, including ETF treasury experience at State Street Global Advisors. The interim designation suggests Grayscale may conduct a broader search, but the dual-CFO structure and internal continuity should maintain operational stability during the transition.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

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Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

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Added CFO transition medium

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. Ms. Masci and Mr. Plourde will succeed 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.

Grayscale's CFO Edward McGee stepped down effective July 2, 2026 for personal reasons after 7 years with the company. He is succeeded on an interim basis by two Co-CFOs: Kathryn Masci and Daniel Plourde, both Senior Vice Presidents of Finance. Ms. Masci also joins the Board of Managers and serves as Principal Financial and Accounting Officer of the trust. The filing explicitly states McGee's departure is not due to any disagreement with the company.

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Added Kathryn Masci background low

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, with expertise in financial reporting, accounting policy, and audit services. She holds accounting degrees from Binghamton University and is a licensed CPA in New York.

Added Daniel Plourde background low

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 joined Grayscale in September 2022 and was promoted to Senior Vice President of Finance in January 2026. He has over 20 years of financial services experience, including prior roles at Gabelli Asset Management and State Street Global Advisors, with expertise in treasury, fund administration, and ETF operations. He has served as Assistant Treasurer of the Grayscale Funds Trust since 2025.