other material
confidence high
sentiment neutral
materiality 0.35
Grayscale Stellar Lumens Trust: Share holding period reduced to 6 months; 706,993 shares freely tradable
Grayscale Stellar Lumens Trust (XLM)
- Effective October 3, 2022, the Rule 144 holding period for Shares purchased from the Trust reduced from one year to six months.
- Reduction follows the Trust being subject to Exchange Act Section 13 reporting for at least 90 days (since July 5, 2022).
- As of October 3, 2022, 706,993 Shares are freely tradable out of 824,600 total issued and outstanding.
- Total shares issued and outstanding unchanged since April 3, 2022 (824,600).