ProShares Trust II 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. a) None. b) Not applicable. c) The Trust does not purchase shares directly from its shareholders. The following table summarizes the redemptions by Authorized Participants during the three months ended March 31, 2026: Title of Securities Registered * Total Number of Shares Redeemed Average Price Per Share ProShares Short VIX Short-Term Futures ETF Common Units of Beneficial Interest 01/01/26 to 01/31/26 250,000 $ 55.59 02/01/26 to 02/28/26 500,000 $ 52.70 03/01/26 to 03/31/26 100,000 $ 50.81 ProShares Ultra Bloomberg Crude Oil Common Units of Beneficial Interest 01/01/26 to 01/31/26 2,900,000 $ 21.26 02/01/26 to 02/28/26 2,600,000 $ 22.96 03/01/26 to 03/31/26 14,150,000 $ 38.75 ProShares Ultra Bloomberg Natural Gas Common Units of Beneficial Interest 01/01/26 to 01/31/26 37,550,000 $ 26.26 02/01/26 to 02/28/26 4,900,000 $ 20.59 03/01/26 to 03/31/26 11,150,000 $ 18.47 45 Table of Contents ProShares Ultra Euro Common Units of Beneficial Interest 01/01/26 to 01/31/26 —  $ —  02/01/26 to 02/28/26 —  $ —  03/01/26 to 03/31/26 —  $ —  ProShares Ultra Gold Common Units of Beneficial Interest 01/01/26 to 01/31/26 800,000 $ 71.40 02/01/26 to 02/28/26 1,300,000 $ 68.47 03/01/26 to 03/31/26 4,800,000 $ 69.99 ProShares Ultra Silver Common Units of Beneficial Interest 01/01/26 to 01/31/26 3,400,000 $ 273.50 02/01/26 to 02/28/26 4,000,000 $ 157.40 03/01/26 to 03/31/26 3,350,000 $ 131.26 ProShares Ultra VIX Short-Term Futures ETF Common Units of Beneficial Interest 01/01/26 to 01/31/26 4,050,000 $ 36.64 02/01/26 to 02/28/26 4,650,000 $ 38.55 03/01/26 to 03/31/26 7,400,000 $ 49.85 ProShares Ultra Yen Common Units of Beneficial Interest 01/01/26 to 01/31/26 50,000 $ 19.90 02/01/26 to 02/28/26 50,000 $ 19.33 03/01/26 to 03/31/26 150,000 $ 18.42 ProShares UltraShort Bloomberg Crude Oil Common Units of Beneficial Interest 01/01/26 to 01/31/26 550,000 $ 19.41 02/01/26 to 02/28/26 1,050,000 $ 15.99 03/01/26 to 03/31/26 21,150,000 $ 9.33 ProShares UltraShort Bloomberg Natural Gas Common Units of Beneficial Interest 01/01/26 to 01/31/26 4,950,000 $ 34.88 02/01/26 to 02/28/26 40,750,000 $ 21.73 03/01/26 to 03/31/26 13,950,000 $ 20.99 ProShares UltraShort Euro Common Units of Beneficial Interest 01/01/26 to 01/31/26 50,000 $ 28.71 02/01/26 to 02/28/26 50,000 $ 27.91 03/01/26 to 03/31/26 —  $ —  ProShares UltraShort Gold Common Units of Beneficial Interest 01/01/26 to 01/31/26 350,000 $ 22.91 02/01/26 to 02/28/26 4,700,000 $ 19.25 03/01/26 to 03/31/26 3,150,000 $ 20.78 ProShares UltraShort Silver ** Common Units of Beneficial Interest 01/01/26 to 01/31/26 14,545,000 $ 27.37 02/01/26 to 02/28/26 22,955,000 $ 24.73 03/01/26 to 03/31/26 10,850,208 $ 23.11 ProShares UltraShort Yen Common Units of Beneficial Interest 01/01/26 to 01/31/26 200,000 $ 49.87 02/01/26 to 02/28/26 100,000 $ 49.93 03/01/26 to 03/31/26 50,000 $ 53.31 46 Table of Contents ProShares VIX Mid-Term Futures ETF Common Units of Beneficial Interest 01/01/26 to 01/31/26 —  $ —  02/01/26 to 02/28/26 175,000 $ 15.53 03/01/26 to 03/31/26 300,000 $ 16.59 ProShares VIX Short-Term Futures ETF Common Units of Beneficial Interest 01/01/26 to 01/31/26 700,000 $ 26.18 02/01/26 to 02/28/26 325,000 $ 27.55 03/01/26 to 03/31/26 3,900,000 $ 32.98 * The registration statement covers an indeterminate amount of securities to be offered or sold. ** See Note 1 of these Notes to Financial Statements. 47 Table of Contents Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Not applicable.