Grayscale Stellar Lumens Trust issues 15,000 shares in private placement for ~$534,986

Grayscale Stellar Lumens Trust (XLM)

Issued 15,000 shares to accredited investors under Rule 506(c) at varying NAV-based prices.
Aggregate consideration: 1,283,889.5114356 XLM, equivalent to $534,986.
Total shares outstanding as of Sept 17, 2025: 1,389,200.
No underwriting discounts or commissions paid to Grayscale Securities.
Grayscale Securities acted as Authorized Participant in the private placement.

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