Franklin XRP Trust

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 8, 2026, Christoper Berarducci was appointed as the Chief Accounting Officer and Treasurer of Franklin Holdings, LLC (the “Sponsor”), the sponsor of Franklin XRP ETF (the “Fund”). Also on May 8, 2026, Christopher Kings was appointed as Chief Financial Officer of the Sponsor. Mr. Berarducci, 51, has served as Chief Accounting Officer and Treasurer of the Sponsor since May 2026; as Vice President, Fund Administration and Reporting of Franklin Templeton since 2020; and as Treasurer since 2010 and Principal Financial Officer since 2019 of certain funds associated with Legg Mason & Co. or its affiliates. Mr. Berarducci previously served as, Managing Director (2020), Director (2015 to 2020), and Vice President (2011 to 2015) of Legg Mason & Co. Mr. Kings, 51, has served as Chief Financial Officer of the Sponsor since May 2026 and Senior Vice President of Franklin Templeton Services, LLC since 2024. Mr. Kings previously served in other positions within Franklin Templeton including as Vice President of Global Fund Administration & Reporting in EMEA; and as an officer of certain funds in the Franklin Templeton fund complex for at least the past five years. In addition, effective May 8, 2026, Vivek Pai resigned as Chief Accounting Officer and Treasurer of the Sponsor and Matthew Hinkle resigned as Vice President and Chief Financial Officer of the Sponsor. Mr. Hinkle and Mr. Pai’s respective decisions to resign were not the result of any dispute or disagreement with the Sponsor or the Fund on any matter relating to the Fund’s operations, policies or practices.