Company: SVIX
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004207
Chunk: 460

Company: VS Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 460
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 is (866) 261-0273.

30

Background and Principals

As of December 31, 2024, Volatility Shares LLC,
the Sponsor, is a limited liability company formed in Delaware on July 25, 2019. The Sponsor was formed for the purpose of sponsoring
volatility-linked exchange-traded funds, of which the Funds are the first. Prior to its engagement as Sponsor of the Funds, the Sponsor
had no operating history.

The Sponsor currently serves as the commodity
pool operator of the Trust and the Funds. The Sponsor is registered as a commodity pool operator with the CFTC and is a member in good
standing of the NFA. The Sponsor’s membership with the NFA was originally approved on October 14, 2019. Its membership with the
NFA is currently effective. The Sponsor’s registration as a commodity pool operator was originally approved on October 14, 2019.
Its registration as a commodity pool operator is currently effective. As a registered commodity pool operator, with respect to the Trust,
the Sponsor must comply with various regulatory requirements under the CEA, and the rules and regulations of the CFTC and the NFA, including
investor protection requirements, antifraud prohibitions, disclosure requirements, and reporting and recordkeeping requirements. The
NFA approved the Sponsor as a Swaps Firm on October 14, 2019. The Sponsor is also subject to periodic examinations by the CFTC and NFA
staff. Its principal place of business is 2000 PGA Boulevard, Suite 4440, Palm Beach Gardens, FL 33408. The telephone number of the Sponsor
and the Trust is (866) 261-0273. The registration of the Sponsor with the CFTC and its membership in the NFA must not be taken as an
indication that either the CFTC or the NFA has recommended or approved the Sponsor, the Trust and the Funds.

Executive Officers of the Trust and Principals and Significant
Employees of the Sponsor

    Name
     
    Position
  
    Justin Young*
     
    Principal of the Sponsor (since 10/4/2019) 
    Associated Person of the Sponsor (since 12/12/2019)
    Principal Executive Officer (since 4/8/2021) 
    Principal Financial Officer (since 4/8/2021) 
    Principal Accounting Officer of the Trust (since 4/8/2021)