Grayscale appoints Diana Zhang as new COO, succeeding Hugh Ross

Grayscale Stellar Lumens Trust (XLM)

Diana Zhang appointed COO effective May 6, 2025, reporting to CEO Peter Mintzberg.
Zhang has 18+ years experience, former COO of BlockTower Capital and executive at Bridgewater.
Hugh Ross steps down after serving as COO since 2021; will assist transition until May 31.
Zhang will oversee strategy, operations, and business development at Grayscale.

item 5.02 item 9.01

Executive movements

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Appointed

Diana Zhang

Chief Operating Officer

GXLM · Grayscale Stellar Lumens Trust (XLM)

Effective: 2025-05-06
Filed: April 9, 2025, 7:59 PM ET

the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.

Departed

Hugh Ross

Chief Operating Officer

GXLM · Grayscale Stellar Lumens Trust (XLM)

Effective: 2025-05-31
Successor: Diana Zhang
Filed: April 9, 2025, 7:59 PM ET

Hugh Ross, the current Chief Operating Officer of Grayscale Operating, LLC, who has decided to step down from his position and is expected to remain with Grayscale to assist with the transition of his responsibilities until his departure on or prior to May 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana Zhang was appointed as Chief Operating Officer at Grayscale Stellar Lumens Trust (XLM).

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hugh Ross departed as Chief Operating Officer at Grayscale Stellar Lumens Trust (XLM).

Action: stepped down
Role: Chief Operating Officer

Exact text from the filing

Hugh Ross, the current Chief Operating Officer of Grayscale Operating, LLC, who has decided to step down from his position and is expected to remain with Grayscale to assist with the transition of his responsibilities until his departure on or prior to May 31, 2025.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950103-25-004589

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