---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-001123"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T14:56:35.891341+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Sponsor of Grayscale Stellar Lumens Trust reorganized; GSIS becomes new sponsor after 120-day transition

## Summary
- Grayscale Investments, LLC merged into Grayscale Operating, LLC on Jan 1, 2025, as internal reorganization.
- Sponsor contracts assigned to new entity Grayscale Investments Sponsors, LLC (GSIS).
- GSO will withdraw as sponsor after 120 days; GSIS will become sole sponsor.
- Additional Sponsor admitted under Trust Agreement; no material impact on operations expected.

## SEC filing metadata
- accession: 0000950170-25-001123
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000095017025001123/0000950170-25-001123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000095017025001123/gxlm-20250101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-001123
- JSON: https://secwatch.observer/filing/0000950170-25-001123.json
- Plain text: https://secwatch.observer/filing/0000950170-25-001123.txt

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