---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-206291"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2025-09-17T23:59:59+00:00"
generated_at: "2026-05-17T06:22:55.616587+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 15,000 shares in private placement for ~$534,986

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-206291
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2025-09-17T23:59:59+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/1761325/000119312525206291/0001193125-25-206291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000119312525206291/gxlm-20250912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-206291
- JSON: https://secwatch.observer/filing/0001193125-25-206291.json
- Plain text: https://secwatch.observer/filing/0001193125-25-206291.txt

## Key facts
- Equity Issuances
  Grayscale Stellar Lumens Trust (XLM) issued 15,000 Shares of common stock to selected accredited investors for 1,283,889.5114356 XLM representing $534,986.
  - Security: common stock
  - Shares: 15,000 Shares
  - Purchaser: selected accredited investors
  - Consideration: 1,283,889.5114356 XLM representing $534,986
  source text: Since the sales reported on the most recently filed Current Report on Form 8-K by Grayscale Stellar Lumens Trust (XLM) (the “Trust”), the Trust issued 15,000 Shares at varying prices determined by reference to its NAV per Share to selected “accredited investors,” within the meaning of Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), in private placement transactions exempt from the registration requirements of the Securities Act pursuant to Rule 506(c) thereunder for an aggregate of 1,283,889.5114356 XLM representing $534,986.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761325/000119312525206291/0001193125-25-206291-index.htm

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