Grayscale Stellar Lumens Trust (XLM) Files 8-K

TL;DR

Grayscale Stellar Lumens Trust (XLM) filed an 8-K on 3/22/24 covering material agreements and financials.

AI Summary

Grayscale Stellar Lumens Trust (XLM) filed an 8-K on March 25, 2024, reporting on a material definitive agreement and financial statements. The filing pertains to the period ending March 22, 2024, and involves the trust formerly known as Stellar Lumens Investment Trust, incorporated in Delaware.

Why It Matters

This filing provides an update on the Grayscale Stellar Lumens Trust's material agreements and financial status, which is important for investors tracking the trust's operations and holdings.

Risk Assessment

Risk Level: low — This is a routine SEC filing (8-K) providing information about material agreements and financial statements, not indicating new risks or significant operational changes.

Key Players & Entities

• Grayscale Stellar Lumens Trust (XLM) (company) — Registrant
• Stellar Lumens Investment Trust (company) — Former Company Name
• March 22, 2024 (date) — Earliest Event Reported
• March 25, 2024 (date) — Date of Report
• Delaware (location) — State of Incorporation
• 212 668-1427 (phone_number) — Registrant's Telephone Number

FAQ

Filing Documents

• gxlm-20240322.htm (8-K) — 45KB
• gxlm-ex4_1.htm (EX-4.1) — 39KB
• 0000950170-24-035636.txt ( ) — 205KB
• gxlm-20240322.xsd (EX-101.SCH) — 28KB
• gxlm-20240322_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 22, 2024, Grayscale Investments, LLC, the sponsor (the "Sponsor") of Grayscale Stellar Lumens Trust (XLM) (the "Trust") and the Delaware Trust Company, the trustee (the "Trustee") of the Trust entered into Amendment No. 3 (the "Amendment No. 3") to the Trust's Amended and Restated Declaration of Trust and Trust Agreement (the "Trust Agreement") in order to modify the definition of "Business Day" (as defined therein). While the Trust Agreement previously provided that a Business Day means any day other than a Saturday, Sunday, or other day on which banks are closed for business in New York, New York, Amendment No. 3 provides that a Business Day will mean any day other than a Saturday, Sunday, or other day on which national securities exchanges are closed for business in New York, New York. The foregoing description of the Amendment No. 3 to the Trust Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment No. 3, a copy of which is attached hereto as Exhibit 4.1 and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Amendment No. 3 to the Amended and Restated Declaration of Trust and Trust Agreement 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Grayscale Investments, LLC as Sponsor of Grayscale Stellar Lumens Trust (XLM) Date: March 25, 2024 By: /s/ Michael Sonnenshein Michael Sonnenshein Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR