Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 191

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 191
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 that have not yet been matched.

“ Person” —Any natural person or any limited liability company, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

“ Plans” —Any (a) employee benefit plan and certain other plans and arrangements, including individual retirement accounts and annuities; and (b) Keogh plans and certain collective investment funds or insurance company general or separate accounts in which such plans or arrangements are invested, that are subject to Title I of ERISA and/or Section 4975 of the Code.

“ Prime Execution Agent”— Coinbase, Inc.

“ Prime Execution Agent Agreement”—The Prime Broker Agreement, dated as of , by and among the Trust, the Sponsor and the Prime Broker, on behalf of itself, the SOL Custodian and [Coinbase Credit], that governs the Trust’s and the Sponsor’s use of the Custodial and Prime Broker Services provided by the SOL Custodian and the Prime Execution Agent.

“ Regular Market Session” —The Listing Exchange’s regular market session of 9:30 a.m. to 4:00 p.m. ET.

“ Relevant Pair” —spot trading of a relevant cryptocurrency base asset against a corresponding quote asset.

“ REX Financial” —REX Financial, LLC, an affiliate of the Sponsor.

“ Rule 504 Offering” —An offering pursuant to Rule 504 of Regulation D under the Securities Act.

“ Sarbanes-Oxley Act” —The Sarbanes-Oxley Act of 2002.

“ SEC”—The U.S. Securities and Exchange Commission.

“ Securities Act”—The Securities Act of 1933, as amended.

“ Shareholders” —Owners of beneficial interests in the Shares.

“ Shares”—Common units of fractional undivided beneficial interest in, and ownership of, the Trust.

“ SIPC”—The Securities Investor Protection Corporation.

“ SOC” —System and Organizational Controls.

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“ SOL”—SOL tokens, which are a type of digital asset based on an open source cryptographic protocol existing on the Solana Network, comprising units that constitute the assets underlying the Trust’s Shares. See “Overview of the SOL Industry and Market.”

“ SOL Custodian”—Coinbase Custody Trust Company, LLC.

“ SOL Custodian Fee”—Fee payable to the SOL Custodian and the Prime Broker for services they provide to the Trust, which the Sponsor shall pay to the SOL Custodian and the Prime Broker as a Sponsor-paid