Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 206

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 206
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5. | Related 
 Parties |

The Sponsor pays certain expenses on behalf of, and is reimbursed by, the Trust. For the year ended December 31, 2024, and 2023 the Trust reimbursed the Sponsor the expenses in the amount of $ 86,829and $ 79,122respectively. As of December 31, 2024 and December 31, 2023, $ 856and $ 370of expenses remain payable to the Sponsor, respectively, which are recorded as due to the Sponsor in the accompanying statements of assets and liabilities.

For the year ended December 31, 2024, and 2023, the Trust incurred Management Fees of $ 766,095and $ 96,532, respectively. As of December 31, 2024 and December 31, 2023, there were unpaid Management Fees of $ 81,961and $ 34,301, respectively, which are recorded as management fee payable in the accompanying statements of assets and liabilities.

| F-11 |

Osprey Solana Trust

Notes to the Financial Statements

December 31, 2024 and December 31, 2023

For the year ended December 31, 2024, and 2023 the Trust received Staking Rewards in the amount of 15,018SOL, and 7,926SOL, respectively; and distributed 14,334SOL and 8,023SOL to the Sponsor, respectively. As of December 31, 2024 and December 31, 2023, 1,397SOL and 713SOL remains payable, respectively, and is valued at $ 270,612and $ 74,717in the statement of assets and liabilities, respectively.

Certain shareholders are related parties of the Trust. The aggregate number of Shares owned by related parties is 1,005, valued at $ 6,098, and 1,005, valued at $ 3,391at December 31, 2024 and December 31, 2023, respectively.

| 6. | Risks             
 and Uncertainties |

Investment in SOL

The Trust is subject to various risks including market risk, liquidity risk, and other risks related to its concentration in a single asset, SOL. Investments in SOL are currently unregulated, highly speculative, and subject to volatility.

The net asset value of the Trust relates primarily to the value of SOL held by the Trust and