Company: GSUI
Filing Date: 2025-12-05
Form Type: S-1
Source: 0001193125-25-309828
Chunk: 126

Company: Grayscale Sui Trust (SUI)
Filing Date: 2025-12-05
Form: S-1
Chunk 126
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 August 1, 2024 (the commencement of the Trust’s operations) to December 31, 2024 (All amounts in the following table and the subsequent paragraphs, except Share, per Share, SUI and price of SUI amounts, are in thousands)

|                                                       |     | August 1, 2024 (the                                          
 Commencement of the Trust’s Operations) to December 31, 2024 |        |
|:------------------------------------------------------|:----|:-------------------------------------------------------------|-------:|
| Net realized and unrealized gain on investment in SUI |     | $                                                            |  4,977 |
| Net increase in net assets resulting from operations  |     | $                                                            |  4,932 |
| Net assets(1)                                         |     | $                                                            | 12,635 |

(1) Net assets in the above table and subsequent paragraphs are calculated in accordance with U.S. GAAP based on the Digital Asset Market price of SUI on the Digital Asset Trading Platform that the Trust considered its principal market, as of 4:00 p.m., New York time, on the valuation date. Net realized and unrealized gain on investment in SUI for the period from August 1, 2024 (the commencement of the Trust's operations) to December 31, 2024 was $4,977, which includes a realized gain of $22 on the transfer of SUI to pay the Sponsor’s Fee and net change in unrealized appreciation on investment in SUI of $4,956. Net realized and unrealized gain on investment in SUI for the period was driven by SUI price appreciation from $0.69 per SUI as of August 1, 2024 to $4.17 per SUI as of December 31, 2024. Net increase in net assets resulting from operations was $4,932 for the period from August 1, 2024 (the commencement of the Trust's operations) to December 31, 2024, which consisted of the net realized and unrealized gain on investment in SUI, less the Sponsor’s Fee of $45. Net assets increased to $12,635 at December 31, 2024. The increase in net assets was due to the contribution of approximately 3,045,980 SUI with a value of $7,703 to the Trust in connection with Share creations and the aforementioned SUI price appreciation, partially offset by the withdrawal of approximately 16,103