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GraniteShares Platinum Trust

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Aug 13, 2026

PLTM$14.66+0.4%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30,2026

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

*Commission file number:*001-38349

GRANITESHARES PLATINUM TRUST

(Exact name of registrant as specified in its charter)

New York82-6644954
(State or other jurisdiction of(I.R.S. Employer
incorporation or organization)Identification No.)
c/o GRANITESHARES LLC
250 Broadway – 24th floor New York, NY10007
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:

(646) 876 5096

Securities registered pursuant to Section 12(b) of the Act:

Title of each className of each exchange on which registered
GraniteShares Platinum SharesNYSE Arca

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non accelerated filer☐Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Aggregate market value of the registrant’s Shares outstanding based upon the closing price of a Share on June 30, 2026, as reported by the NYSE Arca, Inc. on that date: $162,846,000.

As of August 13, 2026, GraniteShares Platinum Trust has 10,900,000 GraniteShares Platinum Shares outstanding.

DOCUMENTS INCORPORATED BY REFERENCE: None.

FORWARD LOOKING STATEMENTS

This Annual Report on Form 10-K contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements usually include the words, “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects,” “understands” and other words suggesting uncertainty. We remind readers that forward-looking statements are merely predictions and therefore inherently subject to uncertainties and other factors and involve known and unknown risks that could cause the actual results, performance, levels of activity, or our achievements, or industry results, to be materially different from any future results, performance, levels of activity, or our achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Trust undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Additional significant uncertainties and other factors affecting forward-looking statements are presented in the Risk Factors section herein.

TABLE OF CONTENTS

PART I1
Item 1. Business1
Trust Objective1
Overview of the platinum industry2
Operation of the platinum market4
Secondary Market Trading6
Valuation of Platinum; Computation of Net Asset Value6
Trust Expenses6
Deposit of Platinum; Issuance of Baskets7
Redemption of Baskets8
Fees and Expenses of the Trustee9
The Sponsor9
The Trustee9
The Custodian10
Inspection of Platinum11
Description of the Shares11
Custody of the Trust’s Platinum12
United States Federal Income Tax Consequences12
ERISA and Related Considerations16
Item 1A. Risk Factors17
Item 1B. Unresolved Staff Comments28
Item 1C. Cybersecurity28
Item 2. Properties28
Item 3. Legal Proceedings28
Item 4. Mine Safety Disclosures28
PART II29
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities29
Item 6. Selected Financial Data30
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 7A. Quantitative and Qualitative Disclosures about Market Risk33
Item 8. Financial Statements and Supplementary Data (Unaudited)33
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure34
Item 9A. Controls and Procedures34
Item 9B. Other Information35
PART III35
Item 10. Directors, Executive Officers and Corporate Governance35
Item 11. Executive Compensation36
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters36
Item 13. Certain Relationships and Related Transactions, and Director Independence36
Item 14. Principal Accounting Fees and Services37
PART IV37
Item 15. Exhibits, Financial Statement Schedules37
Signatures38
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.