VS Trust 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. a) The Shares of each Fund that has commenced investment operations are listed in the accompanying table. The dates the Shares of each Fund began trading, their symbols and their primary listing exchange are indicated below: Fund Commencement of Operations Ticker Symbol Name of each exchange on which registered -1x Short VIX Futures ETF 28-Mar-22 SVIX Cboe BZX Exchange 2x Long VIX Futures ETF 28-Mar-22 UVIX Cboe BZX Exchange The approximate number of holders of the Shares of each Fund as of December 31, 2023 was as follows: Fund Number of Holders -1x Short VIX Futures ETF 3,310,000 2x Long VIX Futures ETF 5,074,975 Combined Trust: 8,384,975 The Funds made no distributions to Shareholders during the fiscal year ended December 31, 2023. The Funds have no obligation to make periodic distributions to Shareholders. The approximate number of holders of the Shares of each Fund as of December 31, 2022 was as follows: Fund Number of Holders -1x Short VIX Futures ETF 3,170,000 2x Long VIX Futures ETF (1) 429,000 Combined Trust: 3,599,000 (1) For 2x Long VIX Futures ETF, shares have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023 and a 1:10 reverse stock split occurring on October 11, 2023, as if they occurred at the commencement of operations. The Funds made no distributions to Shareholders during the fiscal year ended December 31, 2022. The Funds have no obligation to make periodic distributions to Shareholders. b) The following tables reflect the shares sold and the sale price of the shares sold for three months and for the year ended December 31, 2023 and December 31, 2022. Title of Securities Registered Amount Registered as of December 31, 2023 Shares Sold For the Three Months Ended December 31, 2023 (1) Sale Price of Shares Sold For the Three Months Ended December 31, 2023 Shares Sold For the Year Ended December 31, 2023 (1) Sale Price of Shares Sold For the Year Ended December 31, 2023 -1x Short VIX Futures ETF Common Units of Beneficial Interest An indeterminant amount of securities 3,480,000 $ 95,149,781 13,120,000 $ 282,198,849 2x Long VIX Futures ETF Common Units of Beneficial Interest An indeterminant amount of securities 4,540,000 100,236,544 9,477,000 469,583,438 (1) For 2x Long VIX Futures ETF, shares have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023 and a 1:10 reverse stock split occurring on October 11, 2023, as if they occurred at the commencement of operations. 18 Title of Securities Registered Amount Registered as of December 31, 2022 Shares Sold For the Three Months Ended December 31, 2022 (1) Sale Price of Shares Sold For the Three Months Ended December 31, 2022 Shares Sold For the Year Ended December 31, 2022 (1) Sale Price of Shares Sold For the Year Ended December 31, 2022 -1x Short VIX Futures ETF Common Units of Beneficial Interest An indeterminant amount of securities 1,720,000 $ 20,649,395 16,980,000 $ 189,786,132 2x Long VIX Futures ETF Common Units of Beneficial Interest An indeterminant amount of securities 356,600 146,749,592 727,800 399,696,269 (1) For 2x Long VIX Futures ETF, shares have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023 and a 1:10 reverse stock split occurring on October 11, 2023, as if they occurred at the commencement of operations. c) From October 1, 2023 through December 31, 2023 , the number of Shares redeemed and average price per Share for each Fund were as follows: Fund Total Number of Shares Redeemed (1) Average Price Per Share -1x Short VIX Futures ETF 10/01/2023 to 10/31/2023 (180,000 ) $ 25.82 11/01/2023 to 11/30/2023 (3,060,000 ) 31.79 12/01/2023 to 12/31/2023 (870,000 ) 36.82 2x Long VIX Futures ETF 10/01/2023 to 10/31/2023 (667,025 ) 38.26 11/01/2023 to 11/30/2023 (310,000 ) 21.02 12/01/2023 to 12/31/2023 (1,030,000 ) 15.91 (1) For 2x Long VIX Futures ETF, shares have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023 and a 1:10 reverse stock split occurring on October 11, 2023, as if they occurred at the commencement of operations. From October 1, 2022 through December 31, 2022, the number of Shares redeemed and average price per Share for each Fund were as follows: Fund Total Number of Shares Redeemed (1) Average Price Per Share -1x Short VIX Futures ETF 10/01/2022 to 10/31/2022 (1,700,000 ) $ 11.48 11/01/2022 to 11/30/2022 (1,280,000 ) 12.66 12/01/2022 to 12/31/2022 (950,000 ) 14.47 2x Long VIX Futures ETF 10/01/2022 to 10/31/2022 (35,800 ) 650.50 11/01/2022 to 11/30/2022 (5,000 ) 441.00 12/01/2022 to 12/31/2022 (22,000 ) 325.50 (1) For 2x Long VIX Futures ETF, shares have been adjusted to reflect a 1:5 reverse stock split occurring on January 25, 2023 and a 1:10 reverse stock split occurring on October 11, 2023, as if they occurred at the commencement of operations. 19 Item 6. [Reserved].