Ergen Two-Year March 2022 SATS GRAT - Mar 31, 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year March 2022 SATS GRAT, by Dean Manson, her Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 04:09 PM
Previous filing
Apr 6, 2022
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 -6.21M -62.69% $0.00 3.69M Mar 31, 2023 Class A Common Stock 6.21M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year March 2022 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 March 31, 2022, Mr. Charles W. Ergen established the Ergen Two-Year March 2022 SATS GRAT (the "2022 March GRAT") and contributed a total of 9,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 March GRAT, 6,206,572 Class B shares were distributed as an annuity payment to Mr. Ergen on March 31, 2023, with the 2022 March GRAT retaining 3,693,428 Class B shares. The 2022 March GRAT is scheduled to expire in accordance with its terms on March 31, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 March GRAT.