Every 8-K that GRAYSCALE STELLAR LUMENS (GXLM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GXLM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GXLM filings page.
Grayscale Stellar Lumens Trust (GXLM) reports leadership changes at its sponsor. Effective July 2, 2026, Grayscale Investments Sponsors, LLC appointed Kathryn Masci and Daniel Plourde, both Senior Vice Presidents of Finance, as interim Co-Chief Financial Officers. Masci also joins the sponsor’s Board of Managers and becomes the registrant’s Principal Financial and Accounting Officer.
They succeed Edward McGee, who is stepping down from his roles on that date for personal reasons, with no disagreement cited regarding Grayscale’s operations, policies, or practices. The filing highlights Masci’s public-company accounting and audit background and Plourde’s 20-plus years in financial services, including prior senior roles in asset management and ETFs.
Grayscale Stellar Lumens Trust (GXLM) reports a change by its index provider, CoinDesk Indices, in the trading platforms used to calculate the trust’s reference index. Effective January 20, 2026, Binance’s XLM‑USDC trading pair was added to the CoinDesk Stellar Benchmark Rate, while Bitfinex’s XLM‑USD trading pair was removed after a scheduled monthly review of eligible venues.
The index now uses XLM‑USD trading pairs from Bitstamp by Robinhood, Crypto.com, Kraken, and OKX, and XLM‑USDC trading pairs from Binance and Bybit. CoinDesk Indices may further update constituent trading platforms or its index calculation methodology over time based on its stated inclusion criteria.
Grayscale Stellar Lumens Trust (XLM) filed an update explaining how its sponsor, Grayscale Investments Sponsors, LLC, uses X (formerly Twitter) and how investors should view information found there. Grayscale notes that its accounts may use ticker symbols with a leading “$” cashtag, which X automatically turns into links showing market data, news, and commentary from third parties.
The company emphasizes that it does not control, authorize, or endorse any information on these X-generated pages or other third-party sites they link to, and that such information may be inaccurate or inconsistent with its official disclosures. Investors are directed to rely on Grayscale’s SEC filings for authoritative and up-to-date information about the trust and its investment products.
Grayscale Stellar Lumens Trust (GXLM) reported that CoinDesk Indices, Inc., which maintains the benchmark used by the Trust, has updated the trading venues included in its reference rate for Stellar Lumens (XLM).
Effective November 18, 2025, the Index Provider removed the itBit XLM‑USD trading pair from the CoinDesk XLM CCIXber Reference Rate after that platform no longer met its inclusion conditions. The index now reflects XLM‑USD trading pairs from Bitfinex, Bitstamp by Robinhood, Crypto.com, Kraken, and OKX, and an XLM‑USDC trading pair from Bybit.
The Index Provider retains the ability to change constituent trading platforms or its calculation methodology at any time, including during scheduled monthly reviews that may add or remove venues based on its criteria.
Grayscale Stellar Lumens Trust (GXLM) reported an internal corporate reorganization of its sponsor’s parent entities. On October 22, 2025, Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC, which remains the sole member of Grayscale Investments Sponsors, LLC (the Sponsor of the Trust). This occurred after GSO Intermediate Holdings Corporation transferred a portion of its GSO membership units for Class A shares of Grayscale Investments and ceded its managing member rights.
Also on October 22, 2025, DCG Grayscale Holdco, LLC elected a board at Grayscale Investments: Barry Silbert (Chair), Mark Shifke, Simon Koster, Peter Mintzberg, and Edward McGee. The company states it does not expect any material impact on the Trust’s operations. All related entities remain consolidated subsidiaries of Digital Currency Group, Inc.
Grayscale Stellar Lumens Trust (GXLM) filed an amendment reporting final voting results from its shareholder consent solicitation to amend the Trust Agreement. All four proposals were approved by the requisite majority of outstanding shares via the consent process: Proposal 1 (alternative Basket creation/redemption procedures) received 97.74% consent; Proposal 2 (Sponsor’s Fee payable daily in arrears) 97.20%; Proposal 3 (permitting omnibus accounts to facilitate creations/redemptions) 97.69%; and Proposal 4 (limited Sponsor ability to amend with notice and tax-related conditions) 95.94%.
The consent period, including revocations, concluded at 4:00 p.m. New York City time on October 15, 2025. Approved changes will be incorporated into a future amendment executed by the Sponsor and Trustee.
Grayscale Stellar Lumens Trust (GXLM) reported preliminary results of a shareholder Consent Solicitation approving four amendments to its Trust Agreement. Based on estimated preliminary results and consent mechanics, shareholders consented to Proposal 1 at 97.74%, Proposal 2 at 97.21%, Proposal 3 at 97.69%, and Proposal 4 at 95.94%.
Proposal 1 adds alternative procedures for creating and redeeming Baskets (77,216 for; 31,434 against; 70 abstain). Proposal 2 makes the Sponsor’s Fee payable daily in arrears (69,786 for; 38,810 against; 124 abstain). Proposal 3 permits holding a portion of the Trust Estate in omnibus accounts to facilitate share creations and redemptions (76,486 for; 32,024 against; 210 abstain). Proposal 4 allows the Sponsor to make certain amendments with a 20‑day notice and others if specific tax‑qualification conditions are satisfied (48,662 for; 56,339 against; 3,719 abstain). The consent period concluded at 4:00 p.m., New York City time, on October 15, 2025.
Grayscale Stellar Lumens Trust (GXLM) reported a sponsor-related board change. On October 13, 2025, at GSO Intermediate Holdings Corporation, the sole managing member of Grayscale Operating, LLC (which wholly owns the Trust’s sponsor), Matthew Kummell stepped down as a director and Simon Koster was appointed to the Board.
Koster is Chief Strategy Officer at Digital Currency Group, overseeing investments in digital assets, subsidiaries, and 250+ early-stage companies across 35+ nations. He has served on the boards of Foundry and Luno since 2023, Fortitude since 2024, and Yuma since 2025, each affiliated with Grayscale.
Grayscale Stellar Lumens Trust (XLM) has entered into a new Coinbase Prime Broker Agreement that will govern custody and prime brokerage for its XLM holdings once its shares begin trading on NYSE Arca as an exchange-traded product. Coinbase Custody will hold most XLM in segregated, offline “Vault Balance” wallets, while a smaller “Settlement Balance” may be held in omnibus cold and hot wallets or at connected venues to support basket creations and redemptions.
The agreement treats the Trust’s XLM as “financial assets” and the custody accounts as “securities accounts” under New York’s Article 8, with Coinbase entities agreeing not to lend or rehypothecate the assets. Insurance is provided under Coinbase Global policies, but the filing notes total crypto assets exceed insurance limits, and liability is capped, including a per-event ceiling tied to fees and asset value and a $100 million limit per cold storage address. The Sponsor also appointed BNY Mellon Asset Servicing to provide fund administration and accounting and will terminate the prior custodian agreement on the NYSE Arca uplisting date.
The filing describes the Index methodology used to price the Grayscale Stellar Lumens Trust (GXLM). The Index is a volume-weighted, real-time USD-denominated price that selects and weights constituent trading platforms by trailing 24-hour liquidity and applies FX normalization for stablecoin pairs. The methodology includes outlier detection (prices ±5% versus the latest Index are excluded), an inactivity adjustment that progressively de-weights a platform to near-zero within 25 minutes of no activity, and procedures to penalize stale data. The Index Provider applies qualitative and quantitative screens to choose constituent platforms and seeks manipulation resistance. If the primary real-time rate is unavailable, the Sponsor uses a Secondary Index, then a Tertiary Pricing Option, and finally the Sponsor’s good-faith estimate; the Sponsor’s good-faith assessments have no predefined criteria and are made at its sole discretion.
Grayscale Stellar Lumens Trust reported unregistered sales of its shares in a private placement to accredited investors. The Trust issued 15,000 Shares at prices based on net asset value, in exchange for approximately 1,283,889.5114356 Stellar Lumens representing $534,986.
The transactions were conducted under Rule 506(c) of Regulation D, exempt from Securities Act registration, with Grayscale Securities, LLC acting as Authorized Participant and distributor. As a result of these issuances, there were 1,389,200 Shares issued and outstanding as of September 17, 2025. No underwriting discounts or commissions were paid to Grayscale Securities for these sales.