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

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 16
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 will notify the Exchange and the SEC of such participation as soon as practicable, but no later than 9:00 a.m. ET on the trading day following the event. The Short Index The Short Index measures the daily inverse performance of a portfolio of first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The Short Index is calculated daily at 4:00 p.m. (Eastern time) from the average price of the VIX futures contracts between 3:45 p.m. and 4:00 p.m. (Eastern time). The Short Index has an inception date of November 22, 2019. The Short Index settled on March 16, 2020 41.64% below its settlement on the previous business day (its most significant single day decline from its inception through the year ended December31, 2024). More detailed information about the construction of the Short Index can be found on page 30 under Description of the Funds’ Indexes — The Short VIX Futures Index. The Long Index The Long Index measures the daily performance of long positions in a portfolio of first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The Long Index is calculated daily at 4:00 p.m. (Eastern time) from the average price of the VIX futures contracts between 3:45 p.m. and 4:00 p.m. (Eastern time). The Long Index has an inception date of October 8, 2021. The Long Index settled on November29, 2021 13.80% below its settlement on the previous business day (its most significant single day decline from its inception through the year ended December31, 2024). More detailed information about the construction of the Long Index can be found on page 31 under Description of the Funds’ Indexes — The Long VIX Futures Index. The Sponsor Volatility Shares LLC, a Delaware limited liability company, serves as the Trust’s Sponsor and commodity pool operator. It will manage 100% of Fund assets. The principal office of the Sponsor and the Trust is located at 2000 PGA Boulevard, Suite 4440, Palm Beach Gardens, FL 33408. The telephone number of the Sponsor and the Trust is (866) 261 -0273. 7

Prior to September16, 2024, Penserra Capital Management LLC served