Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 138

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 138
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1,737.12. As of the date of the Prospectus, Justin Young, a principal of the Sponsor, owned 22.44shares of 2x Long VIX Futures ETF. The value of those shares, as of June30, 2025, was $897.60. Otherwise, The Sponsor and the Sponsor’s principals currently do not own any Shares of the Funds. The Sponsor, its principals, as well as any affiliates, reserve the right to trade commodity interests for their own accounts, including Shares of the Funds. Fund investors will not be permitted to inspect the records of such person’s trades or any written policies related to such trading. 80 Management; Voting by Shareholders The shareholders of the Funds take no part in the management or control, and have no voice in the Trust’s operations or business. The Sponsor has the right unilaterally to amend the Trust Agreement as it applies to the Funds providedthat the shareholders have the right to vote only if expressly required under Delaware or federal law or rules or regulations of the Exchange, or if submitted to the shareholders by the Sponsor in its sole discretion. No amendment affecting the Trustee shall be binding upon or effective against the Trustee unless consented to by the Trustee in writing. Recognition of the Trust and the Funds in Certain States A number of states do not have “statutory trust” statutes such as that under which the Trust has been formed in the State of Delaware. It is possible, although unlikely, that a court in such a state could hold that, due to the absence of any statutory provision to the contrary in such jurisdiction, the shareholders, although entitled under Delaware law to the same limitation on personal liability as stockholders in a private corporation for profit organized under the laws of the State of Delaware, are not so entitled in such state. Possible Repayment of Distributions Received by Shareholders The Shares are limited liability investments; investors may not lose more than the amount that they invest plus any profits recognized on their investment. However, shareholders of the Funds could be required, as a matter of bankruptcy law, to return to the estate of a Fund any distribution they received at a time when the Fund was in fact insolvent or in violation of the Trust Agreement. Shares Freely Transferable The Shares of the Funds are listed for trading on the Exchange and provide institutional and retail investors with direct access to the Funds. Each Fund’s Shares may be bought and sold on the Exchange like any other exchange -listedsecurity. Book-Entry Form Individual certificates will not be issued