Teucrium Sugar Fund (CANE) names new Chief Compliance Officer, updates sponsor text

Rhea-AI Filing Summary

Teucrium Sugar Fund (a series of Teucrium Commodity Trust) filed a prospectus supplement updating sponsor personnel and disclosures. Christi Powitzky resigned as Chief Compliance Officer of Teucrium Trading, LLC effective May 8, 2026; Brian T. MacKenzie was appointed CCO effective May 11, 2026. The Prospectus text on key‑person dependence and Sponsor management was replaced to identify Mr. MacKenzie and describe his background.

Key Figures

File Number: 333-263438 CCO resignation: May 8, 2026 CCO appointment: May 11, 2026 +2 more

5 metrics

File Number 333-263438 Prospectus registration file number

CCO resignation May 8, 2026 Christi Powitzky resignation effective date

CCO appointment May 11, 2026 Brian T. MacKenzie appointment effective date

Prospectus date May 12, 2026 Date of this prospectus supplement

MacKenzie age 46 years Age of Brian T. MacKenzie as stated

Key Terms

Chief Compliance Officer, CFTC Rule 3.1, principal

3 terms

Chief Compliance Officer regulatory

"Effective May 11, 2026, Brian T. MacKenzie was appointed as the Chief Compliance Officer"

The chief compliance officer is the senior executive responsible for making sure a company follows laws, industry rules and its own internal policies, acting like a safety inspector for legal and ethical risks. Investors care because effective compliance reduces the chance of fines, lawsuits, operational disruption and reputational damage, so the officer’s competence and independence can materially affect future profits and risk exposure.

CFTC Rule 3.1 regulatory

"Messrs. Gilbertie and Harris, Van Eck Associates Corporation, Ms. Mullen-Rusin and Mr. MacKenzie are 'principals,' as that term is defined in CFTC Rule 3.1"

principal regulatory

"GFI Group LLC is a principal under CFTC Rules due to its ownership of certain non-voting securities"

Principal is the core sum of money at stake — the original amount invested, loaned, or still owed on a debt — and can also mean the main party involved in a transaction. Think of it as the seed from which interest, gains or losses grow: it determines how much interest accrues, how much must be repaid, and how big an investor’s exposure or claim is in a deal, so it directly affects returns and risk.

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Available on EDGAR 05/12/2026 - 07:02 AM Accepted by SEC EDGAR 05/12/2026 - 06:59 AM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

File No. 333-263438

PROSPECTUS SUPPLEMENT

(To Prospectus dated April 30, 2025, as supplemented)

Teucrium Sugar Fund

This supplement is to the prospectus (the “Prospectus”) of Teucrium Commodity Trust (the “Trust”) dated April 30, 2025, which relates to shares (the “Shares”) issued by Teucrium Sugar Fund (the “Fund”), a series of the Trust. The Shares have previously been registered under the Securities Act of 1933, as amended, on a registration statement bearing File No. 333-263438. Capitalized terms used but not defined herein shall have the meanings assigned to them by the Prospectus. This Prospectus supplement should be read in its entirety and kept together with your Prospectus for future reference.

* * * * *

Effective May 8, 2026, Christi Powitzky resigned as the Chief Compliance Officer of Teucrium Trading, LLC (the “Sponsor”), Sponsor of the Fund.

Effective May 11, 2026, Brian T. MacKenzie was appointed as the Chief Compliance Officer of the Sponsor.

Accordingly, the Prospectus is hereby revised as follows:

The section of the Prospectus titled “The Sponsor is leanly staffed and relies heavily on key personnel to manage trading activities” is hereby deleted and replaced with the following:

The Sponsor is leanly staffed and relies heavily on key personnel to manage trading activities.

In managing and directing the day-to-day activities and affairs of the Fund, the Sponsor relies almost entirely on a small number of individuals, including Mr. Sal Gilbertie, Mr. Springer Harris, Ms. Cory Mullen-Rusin and Mr. Brian T. MacKenzie. If Mr. Gilbertie, Mr. Harris, Ms. Mullen-Rusin or Mr. MacKenzie were to leave or be unable to carry out their present responsibilities, it may have an adverse effect on the management of the Fund. To the extent that the Sponsor establishes additional commodity pools, even greater demands will be placed on these individuals.

The fifth paragraph of the section of the Prospectus titled “The Offering – The Sponsor – Management of the Sponsor” is hereby deleted and replaced with the following:

Brian T. MacKenzie has been the Chief Compliance Officer and AML Compliance Officer of the Sponsor since May 11, 2026. Mr. MacKenzie is responsible for developing, instituting, and monitoring the effectiveness of processes and procedures to comply with all regulatory requirements. He was listed as a Principal of the Sponsor on May 8, 2026. Mr. MacKenzie has over twenty years of experience in the investment compliance industry. He has served as Head of Adviser Compliance Support Services at PINE Adviser Solutions since 2022. In this role, he oversees the management of Investment Adviser Compliance programs and serves as both an Adviser Chief Compliance Officer and Fund Chief Compliance Officer. From October 2018 to January 2022, he was at Janus Henderson Investors, where he most recently served as the Head of Portfolio Surveillance and Reporting. In this role, Mr. MacKenzie managed regulatory filings, client reporting, trade surveillance and led a team that implemented compliance programs for over sixty global product launches, including registered mutual funds, ETFs, and separately managed portfolios. Mr. MacKenzie began his compliance career at Brown Brothers Harriman in Boston, MA, where he was Vice President and Head of Portfolio Compliance. Brian earned his B.A. from the University of Massachusetts, Amherst, and serves on the Advisory Board for the Compliance and Ethics Program in the Master of Science in Legal Studies at the University of Colorado Boulder Law School. He is 46 years old.

The sixth paragraph of the section of the Prospectus titled “The Offering – The Sponsor – Management of the Sponsor” is hereby deleted and replaced with the following:

Messrs. Gilbertie and Harris, Van Eck Associates Corporation, Ms. Mullen-Rusin and Mr. MacKenzie are “principals,” as that term is defined in CFTC Rule 3.1, of the Sponsor and Teucrium Investment Advisors, LLC. These persons are principals due to their positions and/or due to their ownership interests in the Sponsor. GFI Group LLC is a principal under CFTC Rules due to its ownership of certain non-voting securities of the Sponsor and Teucrium Investment Advisors, LLC. NMSIC Classic LLC is a principal under CFTC Rules due to its greater than 10% capital contribution to the Sponsor. The Sponsor is a listed principal of Teucrium Investment Advisors, LLC due to its 100% ownership of the entity.

The date of this prospectus is May 12, 2026

FAQ

What change did Teucrium Sugar Fund (CANE) disclose in this prospectus supplement?

The supplement discloses a change in compliance leadership: Christi Powitzky resigned effective May 8, 2026 and Brian T. MacKenzie was appointed CCO effective May 11, 2026. The Prospectus text about Sponsor staffing and principals was updated accordingly.

Who is Brian T. MacKenzie and what experience does he bring to CANE's Sponsor?

Brian T. MacKenzie is the Sponsor's new Chief Compliance Officer since May 11, 2026. The supplement states he has over twenty years in investment compliance, served at Janus Henderson and Pine Adviser Solutions, and is listed as a Principal as of May 8, 2026.

Does the prospectus supplement change the Fund's risk disclosure about key personnel?

Yes. The supplement replaces the prior paragraph with a revised key‑person disclosure naming Mr. Sal Gilbertie, Mr. Springer Harris, Ms. Cory Mullen‑Rusin, and Mr. Brian T. MacKenzie, and states that loss or departure of these individuals could adversely affect Fund management.

Which entities or persons are identified as "principals" under CFTC rules in the supplement?

The supplement states Messrs. Gilbertie and Harris, Van Eck Associates Corporation, Ms. Mullen‑Rusin, and Mr. MacKenzie are principals under CFTC Rule 3.1. It also identifies GFI Group LLC and NMSIC Classic LLC as principals based on ownership and capital contribution descriptions.