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.
Grayscale Stellar Lumens Trust (XLM) filings document the structure and administration of a trust holding XLM, including GXLM shares registered under Section 12(g), sponsor arrangements with Grayscale Investments Sponsors, LLC, and the trust agreement governing creations, redemptions, fees, and trust assets. The filings also report shareholder consent results for trust agreement amendments and governance changes affecting the sponsor's parent structure.
Material-event filings for GXLM describe changes to the CoinDesk Stellar Benchmark Rate constituent trading platforms used to calculate the Trust's index price, disclosures about third-party social media content tied to cashtags, and agreements addressing custody and prime brokerage services for the Trust's XLM. These records also identify the sponsor, trustee, custodian-related relationships, and recurring disclosure subjects for the digital-asset trust.
Grayscale Stellar Lumens Trust (GXLM) preliminary proxy proposes four principal changes to the Trust Agreement focused on operational flexibility and sponsor mechanics. Proposal 1 would permit creation and redemption of Baskets in cash from Authorized Participants subject to specified settlement conditions and indemnities. Proposal 2 would change the Sponsor's Fee mechanics: the fee accrues daily at an annual rate of 2.5% of XLM Holdings NAV Fee Basis Amount and would be payable daily in arrears (the Sponsor retains discretion over timing of custodian withdrawals). Proposal 3 permits holding part of the Trust Estate in one or more omnibus/Settlement Balance accounts to facilitate creations/redemptions and to utilize prime brokerage services of a Custodian affiliate. Proposal 4 grants the Sponsor broad amendment power to restate, amend or supplement the Trust Agreement without shareholder consent, with materially adverse amendments effective no earlier than 20 calendar days after notice; certain amendments that could affect grantor trust tax status are permitted only with counsel opinion or specified conditions.
Grayscale Stellar Lumens Trust (GXLM) preliminary proxy proposes four principal changes to the Trust Agreement focused on operational flexibility and sponsor mechanics. Proposal 1 would permit creation and redemption of Baskets in cash from Authorized Participants subject to specified settlement conditions and indemnities. Proposal 2 would change the Sponsor's Fee mechanics: the fee accrues daily at an annual rate of 2.5% of XLM Holdings NAV Fee Basis Amount and would be payable daily in arrears (the Sponsor retains discretion over timing of custodian withdrawals). Proposal 3 permits holding part of the Trust Estate in one or more omnibus/Settlement Balance accounts to facilitate creations/redemptions and to utilize prime brokerage services of a Custodian affiliate. Proposal 4 grants the Sponsor broad amendment power to restate, amend or supplement the Trust Agreement without shareholder consent, with materially adverse amendments effective no earlier than 20 calendar days after notice; certain amendments that could affect grantor trust tax status are permitted only with counsel opinion or specified conditions.