Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: (a) On September 10, 2025, FMR Capital, Inc.
−Removed: (the “Seed Capital Investor”), an affiliate of the Sponsor, purchased one Share at a per-Share price of $25 (the “Seed Share”) in a transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (the “Securities Act”).
−Removed: Delivery of the Seed Share was made on September 10, 2025.
−Removed: Total proceeds to the Trust from the sale of the Seed Share were $25.
−Removed: On September 24, 2025, the Seed Share was redeemed for cash, and the Seed Capital Investor purchased 200,000 Shares at a price of $25 (the “Seed Baskets”) in a transaction exempt from registration under Section 4(a)(2) of the Securities Act.
−Removed: Total proceeds to the Trust from the sale of the Seed Baskets were $5.0 million.
−Removed: On September 24, 2025, the Trust purchased 23,402 SOL with the proceeds of the Seed Baskets.
+Added: a) Not applicable.
b) Not applicable.
+Added: c) The Trust does not purchase Shares directly from its shareholders.
+Added: The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2026:
+Added: Title of Securities Registered*
+Added: Total Number of Shares Redeemed
+Added: Average Price
+Added: Fidelity® Solana Fund
+Added: 01/01/2026 to 01/31/2026
+Added: 02/01/2026 to 02/28/2026
+Added: 03/01/2026 to 03/31/2026
+Added: * The registration statement covers an indeterminate amount of securities to be offered or sold.
Defaults Upon Senior Securities.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.