Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
Market
Information
The Shares are listed on the Exchange under the symbol “TDOG”
and have been listed since January 22, 2026.
Holders
As of December 31, 2025, there were no DTC participating shareholders
of record of the Trust.
Sales
of Unregistered Securities and Use of Proceeds of Registered Securities
On September 17, 2025,
the Sponsor, in its capacity as Seed Capital Investor, subject to conditions, purchased the Initial Seed Creation Baskets comprising
2 Shares at a per-Share price of $50.00. Total proceeds to the Trust from the sale of these Initial Seed Creation Baskets were $100.
Delivery of the Initial Seed Creation Baskets was made on September 17, 2025.
Proceeds
received by the Trust from the issuance of Baskets consist of Dogecoin. Such deposits are held by the Custodians on behalf of the Trust
until (i) delivered out in connection with redemptions of Baskets; or (ii) transferred or sold by the Sponsor, which may be facilitated
by the Custodians, to pay fees due to the Sponsor and Trust expenses and liabilities not assumed by the Sponsor.
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.