Ergen Two-Year December 2020 SATS GRAT - Dec 21, 2022 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year December 2020 SATS GRAT, by Dean Manson, her Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Dec 21, 2022
Transactions value $
$0
Form type
4
Date filed
12/23/2022, 03:17 PM
Previous filing
Dec 23, 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SATS Class B Common Stock Gift $0 -13.6M -100% $0.00* 0 Dec 21, 2022 Class A Common Stock 13.6M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year December 2020 SATS GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reporting person may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
F2 On December 21, 2020, Mr. Charles W. Ergen established the Ergen Two-Year December 2020 SATS GRAT (the "2020 December GRAT") and contributed a total of 21,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 December GRAT, all of the remaining 13,630,860 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2022, and the 2020 December GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of the 2020 December GRAT.