{"url_path":"/sec/uvix/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1793497/0001213900-26-055187-index.html","accession_number":"0001213900-26-055187","cik":"0001793497","ticker":"SVIX","issuer_name":"VS Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1793497/0001213900-26-055187-index.html","primary_entity_key":"0001793497","primary_entity_name":"VS Trust"},"word_count":580,"has_tables":true,"body_markdown":"**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n☒ **Quarterly report pursuant to Section\n13 or 15(d) of the Securities Exchange Act of 1934**\n\n** **\n\n**for the quarterly period ended March 31, 2026.**\n\n** **\n\n**or**\n\n** **\n\n**☐ Transition report pursuant to Section\n13 or 15(d) of the Securities Exchange Act of 1934**\n\n** **\n\n**for the transition period from _________to\n_________.**\n\n** **\n\n**Commission file number: 001-41280**\n\n** **\n\n**VS Trust**\n\n**(Exact name of registrant as specified in its\ncharter)**\n\n \n\n**Delaware**   **84-6704517**\n\n**(State or other jurisdiction of incorporation or organization)**   **(I.R.S. Employer Identification No.)**\n\n** **\n\n**c/o Volatility Shares LLC**\n\n**2000 PGA Boulevard, Suite 4440**\n\n**Palm Beach Gardens, FL. 33408**\n\n**(Address of principal executive offices) (Zip\nCode)**\n\n** **\n\n**(866) 261-0273**\n\n**(Registrant’s telephone number, including\narea code)**\n\n \n\n**Securities registered pursuant to Section 12(b)\nof the Act:**\n\n** **\n\n**Title of each class**   **Trading Symbol(s)**   **Name of each exchange on which registered**\n\n**-1x Short VIX Futures ETF**   **SVIX**   **Cboe BZX Exchange**\n\n**2x Long VIX Futures ETF**   **UVIX**   **Cboe BZX Exchange**\n\n** **\n\n**Securities registered pursuant to Section 12(g)\nof the Act: None**\n\n** **\n\nIndicate by check mark whether the registrant (1) has filed all reports\nrequired to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter\nperiod that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n☒ Yes ☐ No\n\n \n\nIndicate by check mark whether the registrant has submitted electronically\nevery Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the\npreceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No\n\n \n\nIndicate by check mark whether the registrant is a large accelerated\nfiler, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of\n“large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth\ncompany” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge Accelerated Filer ☐ Accelerated Filer ☐\n\nNon-Accelerated Filer ☒ Smaller Reporting Company ☒\n\n    Emerging Growth Company ☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant\nhas elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant\nto Section 13(a) of the Exchange Act. ☒\n\n \n\nIndicate by check mark whether the registrant is a shell company (as\ndefined in Rule 12b-2 of the Exchange Act.). ☐ Yes ☒ No\n\n \n\nIndicate by check mark whether the registrant has filed all documents\nand reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of\nsecurities under a plan confirmed by a court. ☒ Yes ☐ No\n\n \n\nAs of March 31, 2026, the registrant had 52,977,473 shares of common stock,\n$0 par value per share, outstanding.\n\n \n\n \n\n \n\n \n\n \n\n**VS Trust**\n\n** **\n\n**Table of\nContents**\n\n \n\n \n \n**Page**\n\n[**Part I. FINANCIAL INFORMATION**](#a_001)\n \n \n\n[Item 1. Financial Statements](#a_002)\n \n1\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_003)\n \n2\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_004)\n \n7\n\n[Item 4. Controls and Procedures](#a_005)\n \n8\n\n \n \n \n\n[**Part II. OTHER INFORMATION**](#a_006)\n \n \n\n[Item 1. Legal Proceedings](#a_007)\n \n9\n\n[Item 1A. Risk Factors](#a_008)\n \n9\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_009)\n \n9\n\n[Item 3. Defaults Upon Senior Securities](#a_010)\n \n9\n\n[Item 4. Mine Safety Disclosures](#a_011)\n \n9\n\n[Item 5. Other Information](#a_012)\n \n9\n\n[Item 6. Exhibits](#a_013)\n \n10\n\n \n\ni\n\n \n\n \n\n**Part I. FINANCIAL INFORMATION**"}