Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 184

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 184
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 duty owed by the Sponsor to investors.

The Sponsor

The Sponsor has a conflict of interest in allocating its own limited resources among, when applicable, different clients and potential future business ventures, to each of which it owes fiduciary duties. Additionally, the professional staff of the Sponsor also services other affiliates of the Trust, including several other digital asset investment vehicles, and their respective clients. Although the Sponsor and its professional staff cannot and will not devote all of its or their respective time or resources to the management of the affairs of the Trust, the Sponsor intends to devote, and to cause its professional staff to devote, sufficient time and resources to manage properly the affairs of the Trust consistent with its or their respective fiduciary duties to the Trust and others.]

The Sponsor and any affiliated service provider may, from time to time, have conflicting demands in respect of their obligations to the Trust and, in the future, to other clients. It is possible that future business ventures of the Sponsor and affiliated service providers may generate larger fees, resulting in increased payments to employees, and therefore, incentivizing the Sponsor and/or the affiliated service providers to allocate its/their limited resources accordingly to the potential detriment of the Trust.

There is an absence of arm’s length negotiation with respect to some of the terms of the Trust, and, where applicable, there has been no independent due diligence conducted with respect to the Trust. The Sponsor will, however, not retain any affiliated service providers for the Trust which the Sponsor has reason to believe would knowingly or deliberately favor any other client over the Trust.

The Trust’s SOL may be staked at the discretion of the Sponsor.At the Sponsor’s direction, the SOL Custodian has delegated substantially all of the Trust’s SOL to validator(s) on the Solana Network. The Trust paid $179,037, $270,617 and $74,717 in Staking Rewards to the Sponsor for the fiscal periods ended June 30, 2025, December 31, 2024 and December 31, 2023, respectively. Currently, all SOL staked by the Trust is delegated to GlobalStake, a non-custodial institutional staking platform . REX Shares, LLC, an affiliate of the Sponsor has invested approximately $600,000 in GlobalStake.

Authorized Participants

Effective [●], 2025, the Sponsor, on behalf of the Trust, and the Transfer Agent entered into Participant Agreements with [●], [●] and [●], pursuant to which such entities have agreed to act as Authorized