Welcome to our dedicated page for Grayscale Stella SEC filings (Ticker: GXLM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings for Grayscale Stellar Lumens Trust (XLM) (GXLM) provide detailed insight into how the Trust holds XLM, values its Shares, and governs its relationship with shareholders and service providers. The Trust’s registration statement on Form S-1 describes it as a Delaware statutory trust issuing Shares that represent fractional undivided beneficial interests in its holdings of XLM, with an investment objective of reflecting the value of XLM held by the Trust, as determined by an Index Price, less expenses and liabilities.
On this page, you can review registration statements such as the S-1 filed on September 23, 2025, which explains the Trust’s structure, the role of the sponsor (Grayscale Investments Sponsors, LLC), and the responsibilities of the trustee, transfer agent, administrator, prime broker, and custodian. The S-1 also outlines how Shares are created and redeemed in Baskets of 10,000 Shares through Authorized Participants, and how the Trust intends to list its Shares on NYSE Arca under the symbol GXLM while continuing to be quoted on OTCQX.
Current reports on Form 8-K are a key source for understanding operational and governance developments. An 8-K dated September 26, 2025 describes the Trust’s transition to using the CoinDesk XLM CCIXber Reference Rate as its Index for valuing XLM, including the methodology for selecting Constituent Trading Platforms and calculating the Index Price. Another 8-K dated November 21, 2025 reports changes to the trading platforms included in the Index, illustrating how the Index Provider may add or remove venues over time.
Other 8-K filings focus on custody and prime brokerage arrangements. The 8-K dated October 9, 2025 summarizes the Coinbase Prime Broker Agreement, detailing how Coinbase Custody holds the Trust’s XLM in segregated cold storage (the Vault Balance), how a Settlement Balance may be used for operational purposes, and how the parties treat the Trust’s digital assets as financial assets under Article 8 of the New York Uniform Commercial Code. These disclosures help investors understand how XLM are safeguarded and how custodial risks are addressed.
Filings also cover governance and shareholder rights. The definitive proxy statement on Schedule 14A dated September 25, 2025, along with 8-K and 8-K/A filings on October 21 and October 23, 2025, detail a consent solicitation to amend the Trust Agreement. The proposals address alternative creation and redemption procedures, the timing of the sponsor’s fee, use of omnibus accounts in connection with prime brokerage services, and expanded authority for the sponsor to amend the Trust Agreement with notice. Voting results and deemed consents are reported in the 8-K and 8-K/A, providing a record of shareholder approval.
Additional 8-K filings report organizational changes at the sponsor level, such as the internal corporate reorganization described in the October 22, 2025 filing, where Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC and, indirectly, the sole member of the sponsor. Another 8-K dated October 14, 2025 discusses changes to the board of GSO Intermediate Holdings Corporation, which previously served as managing member of Grayscale Operating, LLC. These filings explain how oversight of the sponsor and, by extension, the Trust is structured.
Filings also address communications and information sources. An 8-K dated December 3, 2025 explains the sponsor’s presence on X (formerly Twitter) and the use of cashtags, emphasizing that third-party content linked via cashtags is not authorized, prepared, verified, or updated by Grayscale. The filing advises investors to rely on SEC filings for authoritative and up-to-date information about Grayscale and its products, including the Trust.
On this SEC filings page, Stock Titan surfaces GXLM’s 8-K, S-1, DEF 14A, and other relevant forms as they are filed with EDGAR. AI-powered summaries can help explain complex sections, such as index methodology, custody terms, or amendments to the Trust Agreement, by highlighting key points, definitions, and structural changes. Users can quickly locate disclosures related to valuation (Index Price and Constituent Trading Platforms), creation and redemption mechanics, governance amendments, sponsor reorganizations, and communications policies, all based on the Trust’s own regulatory documents.
Digital Currency Group, Inc. filed a notice to sell 650 shares of GXLM common stock under Rule 144. The shares are to be sold through Canaccord Genuity Inc. with an aggregate market value of $13,130.00, using the OTCQX market on 01/27/2026.
The filing notes these 650 shares were originally acquired on 09/30/2023 in a privately negotiated cash purchase from the issuer. It also discloses that Digital Currency Group, Inc. sold 650 GXLM common shares on 01/26/2026 for gross proceeds of $13,463.52 during the prior three months.
GXLM: A holder of GXLM common stock filed a notice of intent to sell 650 shares under Rule 144. The proposed sale would be executed through Canaccord Genuity Inc. on the OTCQX market, with an indicated aggregate market value of $13,463.52 based on the pricing used in the notice.
The shares are part of a class with 1,389,200 common shares outstanding and are targeted for sale around 01/26/2026. The seller originally acquired these 650 shares in a privately negotiated cash transaction directly from the issuer on 09/30/2023. By signing the notice, the selling person represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
Grayscale Stellar Lumens Trust (GXLM) reports a change by its index provider, CoinDesk Indices, in the trading platforms used to calculate the trust’s reference index. Effective January 20, 2026, Binance’s XLM‑USDC trading pair was added to the CoinDesk Stellar Benchmark Rate, while Bitfinex’s XLM‑USD trading pair was removed after a scheduled monthly review of eligible venues.
The index now uses XLM‑USD trading pairs from Bitstamp by Robinhood, Crypto.com, Kraken, and OKX, and XLM‑USDC trading pairs from Binance and Bybit. CoinDesk Indices may further update constituent trading platforms or its index calculation methodology over time based on its stated inclusion criteria.
Grayscale Stellar Lumens Trust (XLM) filed an update explaining how its sponsor, Grayscale Investments Sponsors, LLC, uses X (formerly Twitter) and how investors should view information found there. Grayscale notes that its accounts may use ticker symbols with a leading “$” 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) is a Delaware statutory trust that holds Stellar Lumens (XLM) so that its shares represent fractional, indirect exposure to XLM. As of September 30, 2025, each share corresponded to approximately 84.3255 XLM, and the Trust held about 0.4% of XLM in circulation. Shares trade on OTCQX under ticker GXLM and are created in 100‑share baskets for accredited investors in exchange for XLM deposits.
The Trust does not currently operate a redemption program and can halt creations, so GXLM has often traded away from the XLM value it holds, with historical premiums up to 461% and discounts up to 35%; as of September 30, 2025 the shares traded at a 6% premium to NAV per share. The Trust carries XLM at fair value under U.S. GAAP, uses a CoinDesk index for non‑GAAP NAV, and relies on Coinbase Custody for cold‑storage safekeeping. In 2025 the sponsor structure was reorganized and the fiscal year‑end was changed from September 30 to December 31.
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.
GXLM filed a Form 144 notice indicating an affiliate intends to sell up to 875 shares of common stock, with an aggregate market value of $22,137.50. The proposed sale is targeted for November 6, 2025 on OTCQX through Canaccord Genuity Corp.
The seller acquired these 875 shares on September 22, 2020 in a privately negotiated purchase from the issuer for cash. The notice also lists recent sales by the same seller, including 1,000 shares on October 24, 2025 and 1,217 shares on October 30, 2025.
GXLM: A selling stockholder filed a Form 144 notice to sell up to 1,200 common shares through Canaccord Genuity Corp on or about 11/05/2025 on OTCQX. The filing lists an aggregate market value of $31,860.00 for these proposed sales.
Shares outstanding were 1,389,200, providing baseline context for the potential sale. The notice also discloses recent activity by the selling holder over the past three months, including examples such as 1,217 shares sold on 10/30/2025 for $32,766.87 and 1,200 shares sold on 11/04/2025 for $31,224.96. These transactions indicate ongoing compliance-related disclosures around affiliate resales under Rule 144.
GXLM: A shareholder filed a Form 144 notice to sell up to 2,445 shares of common stock with an aggregate market value of $64,963.65. The planned sale is listed for approximately November 5, 2025, through Capital Institutional Services, Inc., on the OTCQX market.
The filer reports acquiring 6,919 common shares on May 18, 2024 in a privately negotiated transaction from the issuer for cash. Over the past three months, the filer sold 2,200 shares on July 28, 2025 for gross proceeds of $71,193. Shares outstanding were 1,389,200; this is a baseline figure, not the amount being offered.
GXLM: A selling stockholder filed a Form 144 notice to sell 1,200 shares of common stock, with an aggregate market value of $31,224.96. The filing lists Canaccord Genuity Corp. as broker, an approximate sale date of 11/04/2025, and trading on OTCQX.
The shares were originally acquired on 09/22/2020 in a privately negotiated transaction from the issuer for cash. The filer’s recent activity shows additional open‑market sales over the past three months, including 1,200 shares sold on 11/03/2025 for $31,656. The company had 1,389,200 shares outstanding; this is a baseline figure, not the amount being sold.