Grayscale Solana Staking ETF (NYSE Arca: GSOL) plans cash distributions from staking

Rhea-AI Filing Summary

Grayscale Solana Staking ETF plans to enter a Third Amended and Restated Declaration of Trust and Trust Agreement on or around August 7, 2026. This amendment would replace the existing Trust Agreement and establish a framework for regular cash distributions from staking rewards to shareholders.

The Trust would be required to convert staking consideration to cash no less often than quarterly and promptly distribute the net cash proceeds after Trust expenses, including a portion paid to the Sponsor for facilitating staking arrangements. Distribution amounts will vary based on actual staking consideration received. Investors are encouraged to consult tax advisors regarding potential tax consequences. Shares trade on NYSE Arca under the symbol GSOL, and the Trust is not registered under the Investment Company Act of 1940.

Key Figures

Effective Date of Proposed Amendment: on or around August 7, 2026 Distribution Frequency: no less often than quarterly Prospectus Date: April 16, 2026

3 metrics

Effective Date of Proposed Amendment on or around August 7, 2026 Target effectiveness for the Third Amended and Restated Trust Agreement

Distribution Frequency no less often than quarterly Required frequency for converting staking consideration to cash and distributing net proceeds

Prospectus Date April 16, 2026 Date of the base prospectus referenced by this supplement

Key Terms

Staking Consideration, Staking Arrangements, mandatory distribution framework, Investment Company Act of 1940

4 terms

Staking Consideration financial

"provide for the Trust to commence regular distributions of the net cash proceeds of staking rewards to Shareholders, by requiring the Trust to reduce the Staking Consideration held"

Staking Arrangements financial

"paying a portion of the Staking Consideration to the Sponsor as consideration for its facilitation of the Staking Arrangements"

mandatory distribution framework financial

"make certain other conforming changes to facilitate the Trust’s staking program and mandatory distribution framework"

Investment Company Act of 1940 regulatory

"The Trust is not an investment company registered under the Investment Company Act of 1940, as amended."

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

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Available on EDGAR 07/17/2026 - 04:25 PM Accepted by SEC EDGAR 07/17/2026 - 04:07 PM Learn about SEC filing dates

FAQ

What change is Grayscale Solana Staking ETF (GSOL) proposing in this supplement?

The Sponsor intends to adopt a Third Amended and Restated Trust Agreement that would require the Trust to regularly convert staking consideration into cash and distribute net staking rewards to shareholders, along with other conforming changes to its staking program.

When is the proposed amendment for GSOL expected to become effective?

The amendment is expected to become effective on or around August 7, 2026. On that date, the Third Amended and Restated Trust Agreement would replace the existing agreement and the new distribution framework for staking rewards would begin to apply.

How will GSOL distribute staking rewards under the proposed amendment?

The Trust would be required to reduce Staking Consideration to cash no less often than quarterly and promptly distribute the cash proceeds, net of Trust expenses and a portion paid to the Sponsor, to shareholders as regular distributions of staking rewards.

Can investors predict the size of future staking distributions from GSOL?

No. The supplement states distribution amounts will depend on Staking Consideration actually received by the Trust in each period and cannot be predicted with certainty, so payout levels may vary over time based on staking rewards.

Are there tax considerations for GSOL investors related to the new distribution framework?

Yes. The supplement advises shareholders to discuss any tax consequences of the proposed amendment and resulting distributions with their tax advisors, as the change to regular cash payouts from staking rewards may affect individual tax situations.

Is Grayscale Solana Staking ETF (GSOL) registered as an investment company?

No. The supplement reiterates that the Trust is not an investment company registered under the Investment Company Act of 1940, meaning it operates under a different regulatory framework than traditional registered investment companies.

PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)
Registration No. 333-286374

Grayscale Solana Staking ETF

Prospectus Supplement No. 3 Dated July 17, 2026
To the Prospectus Dated April 16, 2026

This prospectus supplement (this “Prospectus Supplement”) forms part of, and should be read together with, the prospectus of Grayscale Solana Staking ETF (the “Trust”), dated April 16, 2026 (as supplemented or amended from time to time, the “Prospectus”). Capitalized terms used but not defined in this Prospectus Supplement have the meanings given to them in the Prospectus.

IMPORTANT NOTICE REGARDING PROPOSED AMENDMENT TO AMEND AND RESTATE THE TRUST AGREEMENT

On or around August 7, 2026 (the “Effective Date”), Grayscale Investments Sponsors, LLC (the “Sponsor”), as sponsor of Grayscale Solana Staking ‎ETF (the “Trust”), intends to enter into the Third Amended and Restated Declaration of Trust and Trust Agreement (the “Proposed Amendment”) among CSC Delaware Trust Company, the trustee (the “Trustee”) of the Trust, which will amend and restate in its entirety the Second Amended and Restated Declaration of Trust and Trust Agreement, dated September 19, 2025, as amended (the “Trust Agreement”).

The Proposed Amendment would amend and restate the Trust Agreement, effective as of the Effective Date, to, among other things, (i) provide for the Trust to commence regular distributions of the net cash proceeds of staking rewards to Shareholders, by requiring the Trust to reduce the Staking Consideration held by the Trust to cash no less often than quarterly and to promptly distribute the cash proceeds, net of any Trust expenses not assumed by the Sponsor (including, for example, paying a portion of the Staking Consideration to the Sponsor as consideration for its facilitation of the Staking Arrangements), to the Shareholders, and (ii) make certain other conforming changes to facilitate the Trust’s staking program and mandatory distribution framework. The amount of such distributions will depend on the Staking Consideration actually received by the Trust during each period and cannot be predicted with certainty.

Shareholders are advised to discuss any tax consequences relating to their investment in the Trust as a result of the Proposed Amendment, if and when executed, with their tax advisors.

Except as expressly updated or supplemented by this Prospectus Supplement, the Prospectus remains unchanged. To the extent of any inconsistency between this Prospectus Supplement and the Prospectus, this Prospectus Supplement will control.

Shares of the Trust are listed on NYSE Arca, Inc. (“NYSE Arca”) under the symbol “GSOL.”

___________________________

Investing in the Shares involves significant risks. You should carefully consider the risk factors described beginning on page 19 in the Prospectus, in any applicable prospectus supplement and in the other documents incorporated or deemed incorporated by reference herein before you invest in the Shares.

These securities have not been approved or disapproved by the Securities and Exchange Commission or any state securities commission nor has the Securities and Exchange Commission passed upon the adequacy or accuracy of the Prospectus or this Prospectus Supplement. Any representation to the contrary is a criminal offense.

The Trust is not an investment company registered under the Investment Company Act of 1940, as amended.

Please retain this Prospectus Supplement for future reference.

Date: July 17, 2026