0001171200-22-000189.txt : 20220408 0001171200-22-000189.hdr.sgml : 20220408 20220408163631 ACCESSION NUMBER: 0001171200-22-000189 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220408 DATE AS OF CHANGE: 20220408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: United States Gasoline Fund, LP CENTRAL INDEX KEY: 0001396878 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 208837263 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-237337 FILM NUMBER: 22817527 BUSINESS ADDRESS: STREET 1: 1850 MT. DIABLO BLVD. STREET 2: SUITE 640 CITY: WALNUT CREEK STATE: CA ZIP: 94596 BUSINESS PHONE: (510) 522-9600 MAIL ADDRESS: STREET 1: 1850 MT. DIABLO BLVD. STREET 2: SUITE 640 CITY: WALNUT CREEK STATE: CA ZIP: 94596 424B3 1 i22247_uga-424b3.htm

Filed pursuant to Rule 424(b)(3)
File No. 333-237337

UNITED STATES GASOLINE FUND, LP

Supplement dated April 8, 2022

to
Prospectus dated April 28, 2021

This supplement contains information which amends, supplements or modifies certain information contained in the prospectus of United States Gasoline Fund, LP dated April 28, 2021 (the “Prospectus”). Please read it and keep it with your Prospectus for future reference.

You should carefully consider the “Risk Factors” beginning on page 4 of the Prospectus before you decide to invest.

The following is added to the subsection of the Prospectus titled “Legal Matters—Litigation and Claims” found on page 45 of the Prospectus, immediately before the subheading “Settlement of SEC and CFTC Investigations”.

Optimum Strategies Action

On April 6, 2022, USO and USCF were named as defendants in a putative class action filed by Optimum Strategies Fund I, LP, a purported investor in call option contracts on USO (the “Optimum Strategies Action”). The action is pending in the U.S. District Court for the District of Connecticut at Civil Action No. 3:22-cv-00511.

The Optimum Strategies Action asserts claims under the Securities Exchange Act of 1934, as amended (the “1934 Act”), Rule 10b-5 thereunder, and the Connecticut Uniform Securities Act. It purports to challenge statements in registration statements that became effective in February 2020, March 2020, and on April 20, 2020, as well as public statements between February 2020 and May 2020, in connection with certain extraordinary market conditions and the attendant risks that caused the demand for oil to fall precipitously, including the COVID-19 global pandemic and the Saudi Arabia-Russia oil price war. The complaint seeks damages, interest, costs, attorney’s fees, and equitable relief.

USCF and USO intend to vigorously contest such claims.