Prospectus by Investment Company (Form 497)

Teucrium Agricultural Strategy No K-1 ETF (TILL)

Teucrium No K-1 Corn ETF (KORN)*

Teucrium 2x Daily Corn ETF (CXRN)

Teucrium No K-1 Wheat ETF (WHET)*

Teucrium 2x Daily Wheat ETF (WXET)

Teucrium No K-1 Sugar ETF (SUGR)*

Teucrium 2x Daily Sugar ETF (SXGR)*

Teucrium No K-1 Soybean ETF (SYBN)*

Teucrium 2x Daily Soybean ETF (SXBN)*

each a series of Listed Funds Trust

Supplement dated January 30, 2026

to the Summary Prospectuses, Prospectus and Statement of Additional Information ("SAI")

dated April 30, 2025, as supplemented

Mr. Spencer Kristiansen, a Portfolio Manager for the Funds, has resigned from Teucrium Investment Advisors, LLC, effective January 30, 2026. Accordingly, all references to Mr. Kristiansen as a Portfolio Manager in the Funds' Prospectus, Summary Prospectuses and SAI are hereby deleted. Messrs. Harris, Haugens and Small will continue to serve as Portfolio Managers of the Funds.

*The Fund has not yet commenced operations and is not available for purchase.

Please retain this supplement with your Prospectus, Summary Prospectus and SAI