Ergen Two-Year June 2021 SATS GRAT - Jun 9, 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2021 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Jun 9, 2023
Transactions value $
$0
Form type
4
Date filed
6/13/2023, 04:16 PM
Previous filing
Jun 13, 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 -4.05M -100% $0.00* 0 Jun 9, 2023 Class A Common Stock 4.05M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year June 2021 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 holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration.
F2 On June 9, 2021, Mr. Charles W. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. Pursuant to the terms of the 2021 June GRAT, all of the remaining 4,053,768 Class B shares were distributed as an annuity payment to Mr. Ergen on June 9, 2023, and the 2021 June GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of the 2021 June GRAT.