Edward McGee
About Edward McGee
Edward McGee (age 41) is Chief Financial Officer (Principal Financial and Accounting Officer) of Grayscale Investments Sponsors, LLC, the Sponsor of Grayscale Litecoin Trust (LTCN), and has served as a director of the Sponsor since January 2024; he was previously Vice President, Finance and Controller (since June 2019) and before that a Vice President, Accounting Policy at Goldman Sachs (2014–2019) and an auditor at Ernst & Young (2011–2014). He holds a B.S. in Accounting (University of Tampa), an MAcc in Financial Accounting (Rutgers), and is a New York–licensed CPA . McGee signs SOX 302/906 certifications on LTCN’s periodic filings and executes sponsor actions for the Trust in his capacity as principal financial officer . LTCN is a grantor trust; performance is measured by NAV relative to LTC held and secondary-market pricing where shares may trade at premiums/discounts; premiums peaked at 5893% and discounts to 67% between Aug 18, 2020 and Jun 30, 2025, with an 8% discount at period-end, highlighting investor trading dynamics rather than operating revenue/EBITDA metrics .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Grayscale Investments Sponsors, LLC (Sponsor of LTCN) | Chief Financial Officer; Director | CFO since Jan 2022; Director since Jan 2024 | Principal financial/accounting officer signing SOX 302/906 certifications and Trust filings; authority to manage Trust affairs as Sponsor officer |
| Grayscale Investments Sponsors, LLC | VP, Finance & Controller | Jun 2019–Jan 2022 | Led finance/controller functions supporting LTCN sponsor operations |
| Goldman Sachs | VP, Accounting Policy | 2014–2019 | SEC financial reporting coverage; GAAP interpretation/policy for business units |
| Ernst & Young | Auditor | 2011–2014 | Assurance services to publicly listed companies |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Grayscale Investments (post-reorg governing board for Sponsor) | Board member | Oct 2025–present | Board manages and directs Sponsor’s affairs after reorganization; McGee retains officer authority |
| GSO Intermediate Holdings Corporation (pre-reorg) | Board member | Jan 2025–Oct 2025 | Managed Sponsor affairs pre-reorganization |
| Grayscale Litecoin Trust (LTCN) | Principal Financial & Accounting Officer (signatory) | Ongoing | Executes certifications and signs Trust reports in Sponsor capacity |
Fixed Compensation
- Executive compensation for LTCN is “not applicable”; the Trust has no directors, officers, or employees, and management/compensation resides at the Sponsor. No salary, bonus, or perquisite data for McGee is disclosed in LTCN filings .
Performance Compensation
- No RSU/PSU, option, metric weighting, targets, or payout schedules for McGee are disclosed in LTCN filings (trust-level disclosure does not include Sponsor executive compensation) .
Equity Ownership & Alignment
- Beneficial ownership in LTCN shares by Sponsor directors/executives (including McGee) is below 1% each as of September 2, 2025, indicating limited direct LTCN equity exposure; DCG (Sponsor’s indirect parent) previously authorized up to $30M LTCN share purchases but acquired ~$1.8M in March 2022 and none thereafter through September 2, 2025 .
- Shares outstanding: 24,252,100 as of record date (Sept 25, 2025) used in consent solicitation; share count informs voting and ownership context .
- Pledging/Hedging: The Trust Agreement restricts transfers/pledges; transfers require Sponsor consent and unauthorized encumbrances are not recognized—reducing pledged-share risks .
| Ownership Snapshot (as of Sept 2, 2025) | Value |
|---|---|
| McGee LTCN beneficial ownership | <1% |
| DCG purchase authorization and activity | Authorized up to $30M; bought ~$1.8M Mar 2022; none thereafter to 9/2/2025 |
| Shares outstanding (reference date for voting) | 24,252,100 |
Employment Terms
- Role/Tenure: McGee is CFO since Jan 2022; served as interim principal executive officer of the Company until CEO Peter Mintzberg’s Aug 15, 2024 commencement (Mintzberg named PEO in May 2024 8-K, McGee interim PEO until commencement) .
- Contract/Severance/Change-of-Control: No individual employment contract terms, severance, non-compete, non-solicit, or change-of-control economics for McGee are disclosed in LTCN filings; governance is through the Sponsor and Trust Agreement .
- Reorganization: On Oct 22, 2025, governance shifted from GSOIH to Grayscale Investments board (Barry Silbert as Chair; board includes McGee); Trust operations unchanged, but board now directs Sponsor affairs .
- Clawbacks/Gross-ups/Deferred comp: Not disclosed in LTCN documents .
Investment Implications
- Transparency limits: Executive pay-for-performance details (cash/equity mix, vesting, severance/CoC) are not disclosed at the trust level; McGee’s alignment derives primarily from fiduciary duties and board/officer roles rather than disclosed equity incentives—reducing visibility into compensation-driven behavior .
- Governance continuity: McGee’s consistent SOX certifications and signatory role across 10-K/10-Q and 8-Ks indicate established control environment and execution continuity; he retains authority as Sponsor officer post-reorganization—supportive of operational stability .
- Trading signals: LTCN’s structure (no ongoing redemption program historically, premiums/discounts to NAV) means share performance is driven by market structure and LTC price rather than executive actions; the October 2025 consent approvals (91–96% deemed consents) enable operational changes (daily Sponsor’s fee payability, prime brokerage/omnibus accounts, cash creations/redemptions) that could influence future liquidity and discounts/premiums, but outcomes depend on implementation and market conditions .
- Ownership/pledging risk: Direct insider ownership in LTCN is de minimis; Trust Agreement restrictions mitigate pledging/hedging red flags at the trust level .
Note: All undisclosed items (salary/bonus, equity awards, options, vesting, severance, CoC provisions, clawbacks, tax gross-ups) are not presented because LTCN filings do not include Sponsor executive compensation details; LTCN is a grantor trust managed by the Sponsor .
Supporting Governance/Performance References
- Executive certifications and signatory capacity: McGee signs as CFO on SOX 302/906 and Trust reports .
- Trust structure and management by Sponsor (no trust employees; Sponsor’s audit committee): .
- Secondary market premium/discount behavior and NAV methodology context: .
- Consent solicitation proposals and voting outcomes (operational changes): .
- Reorganization placing Sponsor under Grayscale Investments board (including McGee) and governance transition: .