GSOL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• On October 6, 2025, the Trust began staking its SOL pursuant to staking arrangements with the Custodian and certain third-party staking providers and earns staking rewards in the form of additional SOL (“Staking Consideration”). The amount of Staking Consideration received by the Trust is influenced…

• Pursuant to the Trust’s staking arrangements and the Trust Agreement, a portion of gross Staking Consideration is allocated among the Custodian, the applicable staking providers and the Sponsor (the “Sponsor’s Staking Fee”), with the remainder retained by the Trust. Staking Consideration retained by…

• The Trust considers investment transactions to be the receipt of SOL by the Trust in connection with Share creations and the delivery of SOL by the Trust in connection with Share redemptions or for payment of expenses in SOL. The Trust records its investment transactions on a trade date basis and ch…

• To determine which market is the Trust’s principal market (or in the absence of a principal market, the most advantageous market) for purposes of calculating the Trust’s net asset value in accordance with U.S. GAAP (“Principal Market NAV”), the Trust follows Financial Accounting Standards Board (“FA…

• independent, knowledgeable, and willing and able to transact.

Text removed vs the prior filing · source: 10-Q · 2025-11-25

• Prior to October 1, 2025, the Trust valued the SOL held by the Trust for operational purposes by reference to the CoinDesk Solana Price Index (SLX). As of October 1, 2025, the Index is the CoinDesk SOL CCIXber Reference Rate. As of October 1, 2025, the NAV and NAV per Share of the Trust is calculate…

• Historically, and as of September 30, 2025, the Trust has not met its investment objective and, prior to their uplisting to NYSE Arca on October 29, 2025, the Shares quoted on OTCQX did not reflect the value of the SOL held by the Trust, less the Trust’s expenses and other liabilities, but instead h…

• On January 1, 2025, GSI consummated an internal corporate reorganization (the “Reorganization”), pursuant to which GSI, the Sponsor of the Trust prior to the Reorganization, merged with and into GSO, a Delaware limited liability company and a consolidated subsidiary of DCG, with GSO continuing as th…

• In connection with the Reorganization, on January 1, 2025, and promptly following the effectiveness of the Merger, GSO assigned certain contracts pertaining to its role as Sponsor (as such term is defined in the Trust Agreement) of the Trust (such contracts, the “Sponsor Contracts”) to GSIS, a Delaw…

• In connection with the Reorganization, on January 1, 2025, and promptly following the effectiveness of the Merger, GSO and GSIS executed a Certificate of Admission, pursuant to which GSIS was admitted as an additional Sponsor of the Trust under the Trust Agreement, by and among GSO (as successor in …

Text added vs the prior filing · source: 10-Q · 2026-05-08

• There have been no material changes to the Legal Proceedings last reported under “Part I, Item 3. Legal Proceedings” of our Annual Report on Form 10-K for the year ended December 31, 2025 (our “Annual Report”).

Text removed vs the prior filing · source: 10-Q · 2025-11-25

• Grayscale Operating, LLC, the former Co-Sponsor of the Trust until May 3, 2025, was a party to certain legal proceedings during the period covered by this report. Although the Trust is not a party to these proceedings, the Trust may in the future be subject to legal proceedings or disputes.

• There have been no material changes to the Legal Proceedings last reported under “Legal Proceedings” in our Registration Statement, as amended and supplemented from time to time.

• As of the date of this Quarterly Report, the Sponsor does not expect the foregoing proceedings to have a material adverse effect on the Trust’s business, financial condition or results of operations.

• The Sponsor and/or the Trust may be subject to additional legal proceedings and disputes in the future.