---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-006876"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:03:53.377535+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Grayscale Investments appoints Peter Mintzberg as CEO; Michael Sonnenshein steps down

## Summary
- Michael Sonnenshein stepped down as CEO effective May 20, 2024, to pursue other interests.
- Peter Mintzberg appointed CEO effective August 15, 2024, and will join the board.
- Edward McGee, CFO, serves as interim principal executive officer until Mintzberg starts.
- Mintzberg joins from Goldman Sachs as Global Head of Strategy for Asset and Wealth Management.
- Mintzberg has over 20 years of leadership experience at BlackRock, OppenheimerFunds, and Invesco.

## SEC filing metadata
- accession: 0000950103-24-006876
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000095010324006876/0000950103-24-006876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000095010324006876/dp211408_8k-gxlm.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-006876
- JSON: https://secwatch.observer/filing/0000950103-24-006876.json
- Plain text: https://secwatch.observer/filing/0000950103-24-006876.txt

## Key facts
- Executive change
  Edward McGee changed role as Chief Financial Officer at Grayscale Stellar Lumens Trust (XLM).
  - Action: serve as principal executive officer on an interim basis
  - Role: Chief Financial Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761325/000095010324006876/0000950103-24-006876-index.htm
- Executive change
  Michael Sonnenshein departed as Chief Executive Officer at Grayscale Stellar Lumens Trust (XLM).
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: who has decided to step down from his position, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761325/000095010324006876/0000950103-24-006876-index.htm
- Executive change
  Peter Mintzberg was appointed as Chief Executive Officer at Grayscale Stellar Lumens Trust (XLM).
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761325/000095010324006876/0000950103-24-006876-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.