Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 14

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 14
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ee has duties (including fiduciary duties) and liabilities relating thereto to the Trust or the owners of the beneficial interests of Shares (the “Shareholders”), such duties and liabilities will be replaced by the duties and liabilities of the Trustee expressly set forth in the Trust Agreement. The Trustee will have no obligation to supervise, nor will it be liable for, the acts or omissions of the Sponsor, Transfer Agent, Custodian or any other person. The Trust Administrator and Transfer Agent The Trust Administrator and the Transfer Agent is U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services). The Trust Administrator is generally responsible for the day-to-day administration of the Trust, including keeping the Trust’s operational records. The Trust Administrator’s principal responsibilities include: (i) valuing the Trust’s SOL and calculating the NAV per Share; (ii) supplying pricing information to the Sponsor for the Trust’s website; (iii) receiving and reviewing reports on the custody of and transactions in cash and SOL from the Cash Custodian and Trust, respectively, and taking such other actions in connection with the custody of cash as the Sponsor instructs; and (iv) accounting and other fund administrative services. The Trust Administrator also provides know your customer (“KYC”), anti-money laundering, and Office of Foreign Assets Control (“OFAC”) of the of the U.S. Department of the Treasury (“U.S. Treasury Department”) compliance check services to the Trust and Sponsor. The Transfer Agent is responsible the issuance and redemption of Shares, the payment, if any, of distributions with respect to the Shares, the recording of the issuance of the Shares and the maintaining of certain records therewith. The SOL Custodian The SOL Custodian is Coinbase Custody Trust Company, LLC (“Coinbase Custody”). The SOL Custodian is responsible for safekeeping the SOL owned by the Trust. The SOL Custodian is appointed by the Trustee. The general role and responsibilities of the SOL Custodian are further described in “The Trust’s Service Providers—The SOL Custodian.” The Cash Custodian U.S. Bank National Association serves as the Cash Custodian pursuant to an agreement between it and the Trust (the “Cash Custody Agreement”). The Cash Custodian is the custodian for the Trust’s cash holdings. The Trust may retain additional cash custodians from time to time pursuant to a cash custodian agreement to perform certain services that are typical of a cash custodian. The Sponsor may, in its sole discretion, add or terminate cash