{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-004589","form_type":"8-K","ticker":"GXLM","cik":"0001761325","company_name":"Grayscale Stellar Lumens Trust (XLM)","filed_at":"2025-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.622661+00:00","generated_at":"2026-05-23T18:30:21.800893+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Grayscale appoints Diana Zhang as new COO, succeeding Hugh Ross","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-004589","json":"https://secwatch.observer/filing/0000950103-25-004589.json","markdown":"https://secwatch.observer/filing/0000950103-25-004589.md","text":"https://secwatch.observer/filing/0000950103-25-004589.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1761325/000095010325004589/0000950103-25-004589-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1761325/000095010325004589/dp227436_8k-gxlm.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:30:21.800893+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"931b1138c4","claim":"Diana Zhang was appointed as Chief Operating Officer at Grayscale Stellar Lumens Trust (XLM).","evidence_excerpt":"the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761325/000095010325004589/0000950103-25-004589-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"986fbd0b18","claim":"Hugh Ross departed as Chief Operating Officer at Grayscale Stellar Lumens Trust (XLM).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1761325/000095010325004589/0000950103-25-004589-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}