Teucrium Commodity Trust 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities The principal trading market for the shares of CORN, SOYB, CANE, WEAT and TAGS is the NYSE Arca. Price Range of Shares The following tables set forth the range of reported high and low closing prices of the shares for each Fund as reported on the NYSE Arca for the fiscal year ended December 31, 2021 and 2020. The following table sets forth the range of reported high and low closing prices of the shares of the Teucrium Corn Fund (symbol “CORN”) as reported on the NYSE Arca: Fiscal Year Ended December 31, 2021 High Low Quarter Ended March 31, 2021 $ 17.53 $ 15.99 June 30, 2021 $ 22.91 $ 17.29 September 30, 2021 $ 21.35 $ 19.13 December 31, 2021 $ 22.27 $ 19.53 Fiscal Year Ended December 31, 2020 High Low Quarter Ended March 31, 2020 $ 14.90 $ 12.96 June 30, 2020 $ 12.73 $ 11.67 September 30, 2020 $ 13.19 $ 11.54 December 31, 2020 $ 15.58 $ 13.13 The following table sets forth the range of reported high and low closing prices of the shares of the Teucrium Soybean Fund (symbol “SOYB”) as reported on the NYSE Arca: Fiscal Year Ended December 31, 2021 High Low Quarter Ended March 31, 2021 $ 21.62 $ 19.48 June 30, 2021 $ 24.75 $ 21.16 September 30, 2021 $ 23.82 $ 22.02 December 31, 2021 $ 23.18 $ 20.86 Fiscal Year Ended December 31, 2020 High Low Quarter Ended March 31, 2020 $ 15.86 $ 13.45 June 30, 2020 $ 14.12 $ 13.34 September 30, 2020 $ 16.17 $ 13.91 December 31, 2020 $ 19.47 $ 15.83 55 Table of Contents The following table sets forth the range of reported high and low closing prices of the shares of the Teucrium Sugar Fund (symbol “CANE”) as reported on the NYSE Arca: Fiscal Year Ended December 31, 2021 High Low Quarter Ended March 31, 2021 $ 7.79 $ 6.76 June 30, 2021 $ 8.50 $ 6.98 September 30, 2021 $ 9.79 $ 8.21 December 31, 2021 $ 9.83 $ 8.93 Fiscal Year Ended December 31, 2020 High Low Quarter Ended March 31, 2020 $ 7.59 $ 5.45 June 30, 2020 $ 5.95 $ 4.92 September 30, 2020 $ 6.20 $ 5.56 December 31, 2020 $ 6.75 $ 6.11 The following table sets forth the range of reported high and low closing prices of the shares of the Teucrium Wheat Fund (symbol “WEAT”) as reported on the NYSE Arca: Fiscal Year Ended December 31, 2021 High Low Quarter Ended March 31, 2021 $ 6.50 $ 5.82 June 30, 2021 $ 7.36 $ 5.92 September 30, 2021 $ 7.48 $ 6.17 December 31, 2021 $ 8.31 $ 7.05 Fiscal Year Ended December 31, 2020 High Low Quarter Ended March 31, 2020 $ 6.01 $ 5.15 June 30, 2020 $ 5.77 $ 4.86 September 30, 2020 $ 5.75 $ 5.04 December 31, 2020 $ 6.19 $ 5.58 The following table sets forth the range of reported high and low closing prices of the shares of the Teucrium Agricultural Fund (symbol “TAGS”) as reported on the NYSE Arca: Fiscal Year Ended December 31, 2021 High Low Quarter Ended March 31, 2021 $ 23.50 $ 21.38 June 30, 2021 $ 27.12 $ 22.27 September 30, 2021 $ 27.21 $ 24.42 December 31, 2021 $ 27.96 $ 25.83 Fiscal Year Ended December 31, 2020 High Low Quarter Ended March 31, 2020 $ 19.90 $ 16.14 June 30, 2020 $ 17.31 $ 15.81 September 30, 2020 $ 18.63 $ 16.89 December 31, 2020 $ 21.21 $ 18.44 56 Table of Contents Change in Net Asset Value per Share The graphs below reflect the change in net asset value (“NAV”) per share for each year during which a Fund has been in operation. For the first year of operation, the graph reflects the change from the NAV per share from the initial price at the commencement of operations to the price on December 31 for that year ended. For all other years, the change is from December 31 of the preceding year to December 31 of that year. 57 Table of Contents 58 Table of Contents 59 Table of Contents Holders of the Funds The table below sets forth the approximate number of shareholders for each Fund of the Trust as of December 31, 2021. Fund Approximate Number of Shareholders CORN 13,682 SOYB 6,619 CANE 3,315 WEAT 7,976 TAGS 2,035 Use of Proceeds Teucrium Corn Fund Registration Statement on Form S-1 File Number Registered Common Units Effective Date 1 333-162033 30,000,000 June 7, 2010 2 333-187463 - April 30, 2013 3 333-210010 - April 29, 2016 4 333-230626 - April 29, 2019 5 333-237234 10,000,000 May 1, 2020 6 333-248546 20,000,000 October 2, 2020 From June 9, 2010 (the commencement of operations) through December 31, 2021, Shares of the Fund were sold at an aggregate offering price of $802,016,249. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund from June 9, 2010 (the commencement of operations) through December 31, 2021 in an amount equal to $1,131,431, resulting in net offering proceeds of $800,884,818. The offering proceeds were invested in corn futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus. Teucrium Soybean Fund Registration Statement on Form S-1 File Number Registered Common Units Effective Date 1 333-167590 10,000,000 June 13, 2011 2 333-196210 - June 30, 2014 3 333-217247 - May 1, 2017 4 333-223940 5,000,000 April 30, 2018 5 333-241569 15,000,000 August 24, 2020 From September 19, 2011 (the commencement of the offering) through December 31, 2021, Shares of the Fund were sold at an aggregate offering price of $237,416,939. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through December 31, 2021 in an amount equal to $232,403, resulting in net offering proceeds of $237,184,536. The offering proceeds were invested in soybean futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus. Teucrium Sugar Fund Registration Statement on Form S-1 File Number Registered Common Units Effective Date 1 333-167585 10,000,000 June 13, 2011 2 333-196211 - June 30, 2014 3 333-217248 - May 1, 2017 4 333-223941 5,000,000 April 30, 2018 5 333-248545 15,000,000 October 2, 2020 From September 19, 2011 (the commencement of the offering) through December 31, 2021, Shares of the Fund were sold at an aggregate offering price of $74,455,024. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through December 31, 2021 in an amount equal to $92,530, resulting in net offering proceeds of $74,362,493. The offering proceeds were invested in sugar futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus. 60 Table of Contents Teucrium Wheat Fund Registration Statement on Form S-1 File Number Registered Common Units Effective Date 1 333-167591 10,000,000 June 13, 2011 2 333-196209 - June 30, 2014 3 333-212481 25,050,000 July 15, 2016 4 333-230623 30,000,000 April 29, 2019 From September 19, 2011 (the commencement of the offering) through December 31, 2021, Shares of the Fund were sold at an aggregate offering price of $236,138,972. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through December 31, 2021 in an amount equal to $399,556, resulting in net offering proceeds of $235,739,416. The offering proceeds were invested in wheat futures contracts and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus. Teucrium Agricultural Fund Registration Statement on Form S-1 File Number Registered Common Units Effective Date 1 333-173691 5,000,000 February 10, 2012 2 333-201953 - April 30, 2015 3 333-223943 - April 30, 2018 4 333-254650 - April 30, 2021 From March 28, 2012 (the commencement of the offering) through December 31, 2021, Shares of the Fund were sold at an aggregate offering price of $31,989,255. The Fund paid fees to Foreside Fund Services, LLC for its services to the Fund through December 31, 2021 in an amount equal to $15,806, resulting in net offering proceeds of $31,973,449. The offering proceeds were invested in Shares of the Underlying Funds and cash and cash equivalents in accordance with the Fund’s investment objective stated in the prospectus. Issuer Purchases of Equity Securities The Sponsor, the Trust or any Fund do not purchase shares directly from shareholders; however, the information below details for the current period, October 1, 2021 to December 31, 2021, by month and for the year ended December 31, 2021, the share purchases in connection with the redemption of baskets by Authorized Purchasers. Issuer Purchases of CORN Shares: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1 to October 31, 2021 800,000 $ 20.18 N/A N/A November 1 to November 30, 2021 200,000 $ 21.17 N/A N/A December 1 to December 31, 2021 600,000 $ 21.48 N/A N/A Total 1,600,000 $ 19.76 January 1 to December 31, 2021 8,325,000 $ 19.46 N/A N/A Issuer Purchases of SOYB Shares: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1 to October 31, 2021 - $ - N/A N/A November 1 to November 30, 2021 250,000 $ 21.36 N/A N/A December 1 to December 31, 2021 100,000 $ 21.93 N/A N/A Total 350,000 $ 21.52 January 1 to December 31, 2021 3,825,000 $ 21.95 N/A N/A 61 Table of Contents Issuer Purchases of WEAT Shares: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1 to October 31, 2021 - $ - N/A N/A November 1 to November 30, 2021 - $ - N/A N/A December 1 to December 31, 2021 675,000 $ 7.55 N/A N/A Total 675,000 $ 7.55 January 1 to December 31, 2021 5,150,000 $ 6.81 N/A N/A Issuer Purchases of CANE Shares: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1 to October 31, 2021 275,000 $ 9.39 N/A N/A November 1 to November 30, 2021 - $ - N/A N/A December 1 to December 31, 2021 225,000 $ 9.03 N/A N/A Total 500,000 $ 9.22 January 1 to December 31, 2021 1,125,000 $ 8.95 N/A N/A Issuer Purchases of TAGS Shares: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs October 1 to October 31, 2021 - $ - N/A N/A November 1 to November 30, 2021 - $ - N/A N/A December 1 to December 31, 2021 - $ - N/A N/A Total - $ - January 1 to December 31, 2021 87,500 $ 25.91 N/A N/A Dividends Neither the Trust nor any Fund has made, and there are no plans to make any cash distributions to shareholders.