--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-053886" form_type: "8-K" ticker: null cik: "0001817218" company_name: "ConvexityShares Trust" filed_at: "2023-07-03T23:59:59+00:00" generated_at: "2026-06-13T13:22:41.866205+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # ConvexityShares Trust sponsor replaced from ConvexityShares LLC to Teucrium Trading LLC effective July 3, 2023 ## Summary - ConvexityShares LLC resigned as sponsor; Teucrium Trading LLC appointed successor sponsor under Sponsorship Transfer Agreement dated June 2, 2023. - New Unified Fee Agreement: Teucrium pays all Fund operating expenses except management fee, brokerage, interest, and extraordinary items. - Amended and Restated Trust Agreement executed, establishing Teucrium as sponsor and incorporating prior amendments from May 19, 2023. - Prior sponsor officers (Melinda Ho, Joseph Ferraro, Simon Ho) ceased functions; Teucrium officers (Sal Gilbertie, Cory Mullen-Rusin, Steve Kahler) assume roles. - Initial Trust Agreement and prior fee agreement with ConvexityShares terminated; various service agreements assigned to Teucrium. ## SEC filing metadata - accession: 0001213900-23-053886 - form_type: 8-K - cik: 0001817218 - company_name: ConvexityShares Trust - filed_at: 2023-07-03T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 5.03, 1.02, 5.01, 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/ea181271-8k_convexity.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-053886 - JSON: https://secwatch.observer/filing/0001213900-23-053886.json - Plain text: https://secwatch.observer/filing/0001213900-23-053886.txt ## Key facts - Executive change Simon Ho resigned as Principal Executive Officer at ConvexityShares Trust. - Action: resigned - Role: Principal Executive Officer source text: In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Executive change Joseph W. Ferraro III resigned as Chief Compliance Officer at ConvexityShares Trust. - Action: resigned - Role: Chief Compliance Officer source text: In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Executive change Melinda Ho resigned as Principal Financial and Accounting Officer at ConvexityShares Trust. - Action: resigned - Role: Principal Financial and Accounting Officer source text: In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Executive change Steve Kahler was appointed as Chief Operating Officer at ConvexityShares Trust. - Action: appointed - Role: Chief Operating Officer source text: As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Executive change Sal Gilbertie was appointed as Principal Executive Officer at ConvexityShares Trust. - Action: appointed - Role: Principal Executive Officer source text: As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Executive change Cory Mullen-Rusin was appointed as Principal Financial and Accounting Officer at ConvexityShares Trust. - Action: appointed - Role: Principal Financial and Accounting Officer source text: As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Governance Changes ConvexityShares Trust: Amended Trust Agreement executed, establishing Teucrium as sponsor and making clarifying amendments (effective 2023-07-03). - Change: charter amendment - Effective: 2023-07-03 source text: Effective July 3, 2023, Teucrium and the Trustee executed the Amended Trust Agreement. The Amended Trust Agreement establishes Teucrium as the Trust’s sponsor, and contains other clarifying amendments. evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - M&A Transactions ConvexityShares Trust underwent a change of control involving Teucrium Trading LLC (closed 2023-07-03). - Action: change of control - Counterparty: Teucrium Trading LLC - Closing: 2023-07-03 source text: nd the concurrent appointment of Teucrium Trading LLC (“Teucrium”) as successor sponsor to the Trust (the “Sponsor evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm - Material Agreements ConvexityShares Trust entered into Amended and Restated Declaration of Trust and Trust Agreement with Teucrium and Wilmington Trust National Association (effective 2023-07-03). - Action: entry - Counterparty: Teucrium and Wilmington Trust National Association - Effective: 2023-07-03 source text: the Trust has entered into agreements with ConvexityShares, Teucrium and various service providers of the Trust, on behalf of ConvexityShares Daily 1.5x SPIKES Futures ETF and ConvexityShares 1x SPIKES Futures ETF (each a “Fund” and together, the “Funds”). These agreements reflect the transfer of the role of sponsor of the Trust from Convexity to Teucrium. The new agreements, each dated July 3, 2023, are listed below, and attached as exhibits hereto: 1. Amended and Restated Declaration of Trust and Trust Agreement (the “Amended Trust Agreement”) between Teucrium and Wilmington Trust National Association (the “Trustee”). evidence_url: https://www.sec.gov/Archives/edgar/data/1817218/000121390023053886/0001213900-23-053886-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.