Company: GSUI
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001193125-25-309828
Chunk: 25

Company: Grayscale Sui Trust (SUI)
Filing Date: 2025-12-05
Form: S-1
Chunk 25
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 (SUI) |             |     | Market Share(1) |      |   |
| Bybit                                                                          |     |              | 657,932,927 |     |                 | 8.53 | % |
| OKX                                                                            |     |              |  88,917,605 |     |                 | 1.15 | % |
| Bullish                                                                        |     |              |   6,172,941 |     |                 | 0.08 | % |
| Total USDC-SUI trading pair                                                    |     |              | 753,023,473 |     |                 | 9.76 | % |

| Creation and Redemption | (1)Market share is calculated using trading volume (in SUI) for certain Digital Asset Trading Platforms including, Bitfinex, Bullish, Bybit, Bitstamp by Robinhood, Crypto.com, Kraken, and OKX, as well as certain other large U.S.-dollar denominated Digital Asset Trading Platforms that were not included in the Index as of September 30, 2025, including Coinbase, Binance, Gate.IO, KuCoin, MEXC, and OKX. |

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|                 | aggregated in Baskets or under extraordinary circumstances permitted under the Trust Agreement, the Shares are not individually redeemable securities.The Trust issues and redeems Shares on an ongoing basis, but only in one or more whole Baskets of 10,000 Shares each. The creation and redemption of Baskets requires the delivery to or acquisition by the Trust, or the distribution or disposition by the Trust, of the amount of SUI represented by the Baskets being created or redeemed, the number of which is equal to the “Basket Amount” as of 4:00 p.m., New York time, on the trade date of a creation or redemption order multiplied by the number of Baskets being created or redeemed (the “Total Basket Amount”). The amount of SUI required to create a Basket, or to be delivered or disposed of upon the redemption of a Basket, will gradually decrease over time due to the transfer of the Trust’s SUI to pay the Sponsor’s Fee and the delivery or sale of the Trust’s SUI to pay any Trust expenses not assumed by the Sponsor. See “Description of Creation and Redemption of Shares” in this prospectus.Although the Trust creates Baskets only upon the receipt of SUI, and redeems Baskets only by distributing SUI or proceeds from the