{"url_path":"/sec/gxlm/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1761325/0001193125-26-214619-index.html","accession_number":"0001193125-26-214619","cik":"0001761325","ticker":"GXLM","issuer_name":"Grayscale Stellar Lumens Trust (XLM)","edgar_url":"https://www.sec.gov/Archives/edgar/data/1761325/0001193125-26-214619-index.html","primary_entity_key":"0001761325","primary_entity_name":"Grayscale Stellar Lumens Trust (XLM)"},"word_count":306,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nPurchases of equity securities by the issuer and affiliated purchasers —The table below sets forth information regarding open market purchases of Shares of Grayscale Stellar Lumens Trust (XLM) (OTCQX: GXLM) by Digital Currency Group, Inc. (“DCG”), the indirect parent company of the Sponsor, on a monthly basis during the three months ended March 31, 2026:\n\nPeriod\n\n \n\n(a) Total Number of Shares of GXLM Purchased\n\n \n\n \n\n(b) Average Price Paid per Share of GXLM\n\n \n\n \n\n(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)\n\n \n\n \n\n(d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n(in millions)\n\n \n\nJanuary 1, 2026 - January 31, 2026\n\n \n\n \n\n-\n\n \n\n \n\n$\n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n$\n\n200.0\n\n \n\nFebruary 1, 2026 - February 28, 2026\n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n200.0\n\n \n\nMarch 1, 2026 - March 31, 2026\n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n200.0\n\n \n\nTotal\n\n \n\n \n\n-\n\n \n\n \n\n$\n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n$\n\n200.0\n\n \n\n \n\n(1)\nOn March 2, 2022, the Board of the Sponsor approved the purchase by DCG, the indirect parent company of the Sponsor, of up to an aggregate total of $200 million worth of Shares of the Trust and shares of any of the following five investment products the Sponsor also acts as the sponsor and manager of, including Grayscale Bitcoin Trust ETF (NYSE Arca: GBTC), Grayscale Bitcoin Cash Trust (BCH) (OTCQX: BCHG), Grayscale CoinDesk Crypto 5 ETF (NYSE Arca: GDLC), Grayscale Ethereum Staking ETF (NYSE Arca: ETHE), and Grayscale Ethereum Classic Trust (ETC) (OTCQX: ETCG). Subsequently, DCG authorized such purchase. The Share purchase authorization does not obligate DCG to acquire any specific number of Shares in any period, and may be expanded, extended, modified, or discontinued at any time. From March 2, 2022 through May 4, 2026, DCG had not purchased any Shares of the Trust under this authorization."}