VS Trust 8-K

What Happened

• VS Trust (through sponsor Volatility Shares LLC) announced a 1-for-20 reverse share split for its 2x Long VIX Futures ETF (Cboe BZX: UVIX) via a press release dated June 17, 2026.
• The Reverse Split will be effective at the market open on July 1, 2026; the ticker will remain UVIX but the Fund will receive a new CUSIP: 92891H705.
• The filing notes the Reverse Split will not change the value of a shareholder’s investment — NAV per share will increase 20x while the number of shares outstanding will decrease proportionately.

Key Details

• Reverse split ratio: 1-for-20 (every 20 pre-split shares → 1 post-split share).
• Effective trading date: July 1, 2026 (market open).
• New CUSIP after split: 92891H705; ticker symbol remains UVIX.
• Fractional shares created by the split will be redeemed for cash and delivered to the shareholder’s broker; such redemptions may trigger realized gains or losses and could be taxable events.

Why It Matters

• For investors, the aggregate value of holdings should remain the same immediately after the split, but per-share NAV and market price will be adjusted upward by a factor of 20.
• Holders with positions not divisible by 20 will receive cash for fractional shares, which may create taxable events (realized gains or losses) and will be handled through the shareholder’s broker.
• Shareholders should check their brokerage accounts on or after July 1, 2026 for post-split share counts, cash redemption amounts for any fractional shares, and any tax reporting information.