Grayscale Stellar Lumens Trust (XLM) Files 8-K

TL;DR

XLM trust filed an 8-K on 5/20/24 covering director changes and financials.

AI Summary

Grayscale Stellar Lumens Trust (XLM) filed an 8-K on May 20, 2024, reporting changes related to its directors and officers, as well as compensatory arrangements. The filing also includes financial statements and exhibits. The company was formerly known as Stellar Lumens Investment Trust and changed its name on December 11, 2018.

Why It Matters

This filing provides updates on the trust's governance and financial reporting, which are important for investors to understand the operational and financial health of the Grayscale Stellar Lumens Trust.

Risk Assessment

Risk Level: low — The filing is a routine 8-K reporting administrative and financial updates, not indicating any immediate financial distress or significant operational changes.

Key Players & Entities

• Grayscale Stellar Lumens Trust (XLM) (company) — Registrant
• Stellar Lumens Investment Trust (company) — Former company name
• May 20, 2024 (date) — Date of earliest event reported
• December 11, 2018 (date) — Date of name change
• Grayscale Investments, LLC (company) — Related entity

FAQ

Filing Documents

• dp211408_8k-gxlm.htm (8-K) — 28KB
• dp211408_ex9901.htm (EX-99.1) — 9KB
• 0000950103-24-006876.txt ( ) — 211KB
• gxlm-20240520.xsd (EX-101.SCH) — 3KB
• gxlm-20240520_lab.xml (EX-101.LAB) — 33KB
• gxlm-20240520_pre.xml (EX-101.PRE) — 22KB
• dp211408_8k-gxlm_htm.xml (XML) — 4KB

02. Departure of Directors or Certain

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 20, 2024, Grayscale Investments, LLC (" Grayscale "), the sponsor of Grayscale Stellar Lumens Trust (XLM) (the " Company "), announced that it has approved the appointment of Peter Mintzberg to serve as Grayscale's new Chief Executive Officer and the principal executive officer of the Company, and a member of the Board of Directors of Grayscale, effective August 15, 2024. Mr. Mintzberg will succeed Michael Sonnenshein, the current Chief Executive Officer of Grayscale and the principal executive officer of the Company, who has decided to step down from his position, effective immediately. Mr. Edward McGee, the Chief Financial Officer of Grayscale and principal financial officer of the Company, will serve as principal executive officer on an interim basis until Mr. Mintzberg's commencement date. Mr. Mintzberg joins Grayscale from Goldman Sachs where he currently holds the position of Global Head of Strategy for Asset and Wealth Management. Prior to that, he held a number of global leadership roles in Strategy, M&A and Investor Relations at BlackRock, OppenheimerFunds, and Invesco. Mintzberg has over two decades of experience and has deep knowledge across a broad-base of client types and asset classes, developing and executing strategy and innovating to drive growth.Mintzberg started his career working at McKinsey & Co. in New York, San Francisco and So Paulo, focused on the financial services and technology sectors. In 2018, Mintzberg was recognized as a Latino leader in Finance by The Alumni Society. Mintzberg was also selected as a David Rockefeller Fellow in the 2016-2017 Class by the Partnership for New York City.He earned a bachelor's degree in engineering from the Universidade Federal Rio de Janeiro and an MBA from Harvard University. A copy of Grayscale's press release is attached as Exhibit 99

01. Financial Statements

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated May 20, 2024, of Grayscale Investments, LLC 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: May 20, 2024 By: /s/ Edward McGee Edward McGee Chief Financial Officer* * The Registrant is a trust and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Sponsor of the Registrant.

View Full Filing

View this 8-K filing on SEC EDGAR