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.
Form 144 filing: A selling holder, DCG International Investments Ltd, filed notice to sell up to 1,200 common shares with an aggregate market value of $31,656.00. The planned sale is listed for 11/03/2025 through Canaccord Genuity Corp on OTCQX.
The shares were acquired on 09/22/2020 in a privately negotiated transaction, purchased from the issuer for cash. Shares outstanding were 1,389,200.
Recent activity disclosed includes prior sales during the past three months, including 1,225 shares on 10/31/2025 for $34,007.47 and 1,200 shares on 10/29/2025 for $34,760.04.
GXLM: A shareholder filed a Form 144 to sell up to 1,225 common shares. The notice lists an aggregate market value of $34,007.47, with an approximate sale date of 10/31/2025. The proposed sales are to be effected through Canaccord Genuity Corp. on the OTCQX market.
Shares outstanding were 1,389,200. The shares to be sold were acquired on 09/22/2020 in a privately negotiated transaction from the issuer for cash.
Recent activity by the same seller over the past three months includes multiple open-market transactions, including 1,175 shares on 07/31/2025 and 1,217 shares on 10/30/2025, among others.
GXLM filed an amended Rule 144 notice for a planned secondary sale of common stock. The filing lists 1,217 shares to be sold through Canaccord Genuity Corp, with an aggregate market value of 32,766.87. The approximate sale date is 10/30/2025, and the shares are listed on OTCQX. Shares outstanding were 1,389,200.
The seller acquired the 1,217 common shares on 09/22/2020 in a privately negotiated transaction from the issuer, paid in cash on the same date. Recent activity disclosed in the filing shows sales in the past three months by DCG International Investments Ltd, including 1,175 shares on 07/31/2025 for 40,126.25 and 1,200 shares on 10/29/2025 for 34,760.04.
GXLM: DCG International Investments Ltd filed a Form 144 indicating a proposed sale of up to 1,217 common shares, with an aggregate market value of $36,417.87. The approximate sale date is 10/30/2025 on OTCQX, with Canaccord Genuity Corp listed as broker. Shares outstanding were 1,389,200.
The seller reports these shares were acquired on 09/22/2020 in a privately negotiated transaction, purchased from the issuer for cash. Recent activity in the past three months includes multiple open-market sales, such as 1,175 shares on 07/30/2025 for $38,459.28 and 1,200 shares on 10/29/2025 for $34,760.04. This notice reflects the intent and parameters for potential sales in compliance with Rule 144.
GXLM: A Form 144 notice discloses an intent to sell 1,200 shares of common stock, with an aggregate market value of $34,760.04. The planned sale is listed with Canaccord Genuity Corp as broker on the OTCQX, with an approximate sale date of 10/29/2025.
The filer reports the shares were acquired on 09/22/2020 in a privately negotiated transaction, purchased from the issuer for cash. As context, shares outstanding were 1,389,200.
The notice also lists recent sales by the same selling account over the past three months, including 1,175 shares on 07/30/2025 for $38,459.28 and 1,075 shares on 08/05/2025 for $33,002.50, plus multiple additional trades on 07/29/2025, 08/01/2025, 08/04/2025, 07/31/2025, 10/27/2025, and 10/28/2025.
Form 144 notice: DCG International Investments Ltd filed to sell 1,000 shares of common stock through Canaccord Genuity on or about 10/28/2025 on OTCQX, with an aggregate market value $29,430. The filing lists 1,389,200 shares outstanding.
The 1,000 shares to be sold were acquired on 09/22/2020 in a privately negotiated purchase from the issuer for cash. The signer represents they do not know of any material adverse information that has not been publicly disclosed.
Recent sales by the same holder over the past three months include examples such as 1,000 shares on 10/27/2025 for $30,125.00 and 1,175 shares on 07/28/2025 for $42,335.25.
GXLM: A selling holder filed a Form 144 notice to sell 1,000 common shares. The filing lists an aggregate market value of $30,125.00 and an approximate sale date of 10/27/2025. The shares are to be sold through Canaccord Genuity Corp, with trades expected on the OTCQX.
The filing shows 1,389,200 shares outstanding. The seller acquired the 1,000 shares on 09/22/2020 in a privately negotiated transaction from the issuer, paid in cash. The notice also details recent sales by the same selling party over the prior three months, indicating ongoing disposition activity.
GXLM received a Form 144 notice indicating a planned sale of 1,000 common shares with an aggregate market value of $29,470. The proposed transaction lists Canaccord Genuity Corp as broker, an approximate sale date of 10/24/2025, and trading on OTCQX. Shares outstanding were 1,389,200.
The shares were acquired on 09/22/2020 via a privately negotiated transaction from the issuer for cash. Recent activity disclosed includes sales such as 1,175 shares on 07/30/2025 for $38,459.28 and 1,075 shares on 08/05/2025 for $33,002.50.
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.