Grayscale Stellar Lumens Trust (XLM) 8-K

What Happened
Grayscale Stellar Lumens Trust (GXLM) filed an 8-K (Item 5.02) on July 2, 2026 reporting that Edward McGee, the Trust’s Chief Financial Officer and Principal Financial and Accounting Officer, has stepped down effective July 2, 2026 for personal reasons and not due to any disagreement with the company. Grayscale Investments Sponsors, LLC appointed Kathryn Masci and Daniel Plourde as interim Co‑Chief Financial Officers of the sponsor effective July 2, 2026. Ms. Masci will also serve as the registrant’s Principal Financial and Accounting Officer and join the Sponsor’s Board of Managers.

Key Details

• Effective date: July 2, 2026.
• Outgoing CFO: Edward McGee—7 years of service; departure stated to be for personal reasons, not due to disagreement.
• Interim appointments: Kathryn Masci (Senior VP, Finance) and Daniel Plourde (Senior VP, Finance) named Co‑CFOs of Grayscale Investments Sponsors, LLC.
• Additional roles/background: Ms. Masci becomes Principal Financial and Accounting Officer and a Board of Managers member; she is a NY‑licensed CPA with Grayscale tenure since May 2020. Mr. Plourde has 20+ years of financial services experience and has served at Grayscale since 2022.

Why It Matters
A change in the principal financial officer is material for investors because it affects who is responsible for financial reporting and controls. The company appointed two internal, experienced finance executives on an interim basis and noted the departure was amicable and not due to disagreements, which supports continuity in financial oversight and reduces regulatory concern. Investors should watch future disclosures for any permanent CFO appointment or changes to financial reporting responsibilities.