---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-067961"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:52:38.879040+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Grayscale Stellar Lumens Trust issues 19,800 shares for $185,588 in private placement

## Summary
- Issued 19,800 shares to accredited investors under Rule 506(c) at NAV-based prices.
- Aggregate consideration: 1,726,677.3547714 XLM ($185,588).
- Total shares outstanding as of June 3, 2024: 1,069,200.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts or commissions paid.
- Shares are created periodically; the distributor may be deemed an underwriter.

## SEC filing metadata
- accession: 0000950170-24-067961
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000095017024067961/0000950170-24-067961-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000095017024067961/gxlm-20240529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-067961
- JSON: https://secwatch.observer/filing/0000950170-24-067961.json
- Plain text: https://secwatch.observer/filing/0000950170-24-067961.txt

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