---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-029621"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:14:15.648655+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Grayscale Stellar Lumens Trust extends index license with CoinDesk Indices through Feb 2025

## Summary
- Index License Agreement term extended from Feb 29, 2024 to Feb 28, 2025.
- Amendment updates operational milestones (details redacted as non-material).
- Defined term 'TradeBlock' replaced with 'CDI' in the agreement.
- No financial terms disclosed; extension ensures continued Index Price calculation.

## SEC filing metadata
- accession: 0000950170-23-029621
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000095017023029621/0000950170-23-029621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000095017023029621/gxlm-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029621
- JSON: https://secwatch.observer/filing/0000950170-23-029621.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029621.txt

## Key facts
- Material Agreements
  Grayscale Stellar Lumens Trust (XLM) amended Index License Agreement Amendment with CoinDesk Indices, Inc. valued at Term extended from February 29, 2024 to February 28, 2025 (effective 2023-06-20).
  - Action: amendment
  - Agreement: license
  - Counterparty: CoinDesk Indices, Inc.
  - Value: Term extended from February 29, 2024 to February 28, 2025
  - Effective: 2023-06-20
  source text: On June 20, 2023, Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Stellar Lumens Trust (XLM) (the “Trust”), and CoinDesk Indices, Inc. (the “Index Provider”), entered into an Amendment (the “Amendment”) to the Index License Agreement dated January 31, 2022, between the Sponsor and the Index Provider (the “Index License Agreement”) governing the Sponsor’s use of the CoinDesk Lumens Price Index (XLMX) (the “Index”) to calculate the Index Price, among other things. This agreement amends the terms of the Index License Agreement to extend the term of the agreement from February 29, 2024, to February 28, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761325/000095017023029621/0000950170-23-029621-index.htm

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