Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 189

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 189
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 and indemnities related to any extraordinary services performed by the Sponsor (or any other service provider, including the Trustee) on behalf of the Trust to protect the Trust or the interests of Shareholders, and indemnification expenses.

“ FASB” —Financial Accounting Standards Board.

“ FDAP” —A Non-U.S. Shareholder’s allocable share of U.S. source dividend, interest, rental and other “fixed or determinable annual or periodical gains, profits and income.”

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“ FDIC”—The Federal Deposit Insurance Corporation.

“ FinCEN”—The Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury.

“ FINRA”—The Financial Industry Regulatory Authority, Inc., which is the primary regulator in the United States for broker-dealers, including Authorized Participants.

“ fork” – A non-backward compatible change to the original Bitcoin blockchain and the source code of the original Bitcoin network which results in the original Bitcoin network and the original Bitcoin blockchain existing side-by-side, but incompatible, with a new network and a new blockchain, and leads to the creation of a new asset running on the new blockchain.

“ FTX”—FTX Trading, Ltd.

“ Fund Accountant” —U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services).

“ GAAP”—United States generally accepted accounting principles.

“ hard fork” —A permanent fork in a network’s blockchain that separates the network into a pre-fork digital asset and a new post-fork digital asset.

“ IIV” —Intraday indicative value per share.

“ Incidental Rights”— Any virtual currency (for avoidance of doubt, other than SOL) or other asset or right that the Trust may be entitled to or come into possession of rights to acquire, or otherwise establish dominion and control over, any virtual currency or other asset or right, which rights are incident to the Trust’s ownership of SOL and arise without any action of the Trust, or of the Sponsor or Trustee on behalf of the Trust. In the event of a hard fork of the Solana blockchain, the Sponsor shall determine which network shall constitute the Solana network and which asset shall constitute SOL in accordance with the Trust Agreement.

“ Index”—CME CF Solana – Dollar Reference Rate – New York Variant.

“ Indirect Participant” —An entity that has access to the DTC clearing system by clearing securities through, or maintaining a custodial relationship with, a DTC Participant.

“ Index Administrator”