CHARLES W. ERGEN - 22 Dec 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role: Chairman, Director, 10%+ Owner
Signature: /s/ Charles W. Ergen, by Dean A. Manson, his Attorney-in-Fact
Issuer symbol: SATS
Transactions as of: 22 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Dec 2023, 16:18:58 UTC
Previous filing: 22 Dec 2023
Next filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SATS	Class A Common Stock						2,199,958	22 Dec 2023	Direct
holding	SATS	Class A Common Stock						6,122	22 Dec 2023	By child	F1
holding	SATS	Class A Common Stock						47	22 Dec 2023	By spouse
holding	SATS	Class A Common Stock						3,705	22 Dec 2023	By 401(k)
holding	SATS	Class A Common Stock						201	22 Dec 2023	By spouse's 401(k)
holding	SATS	Class A Common Stock						5,400	22 Dec 2023	By Charitable Foundation	F2

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	-8,800,000	-100%	$0.000000	15,932	22 Dec 2023	Class A Common Stock	8,800,000		Direct	F3, F4
transaction	SATS	Class B Common Stock	Gift	$0	+8,800,000		$0.000000	8,800,000	22 Dec 2023	Class A Common Stock	8,800,000		I	F3, F4
holding	SATS	Class B Common Stock						5,181,574	22 Dec 2023	Class A Common Stock	5,181,574		I	F3, F5
holding	SATS	Class B Common Stock						14,500,000	22 Dec 2023	Class A Common Stock	14,500,000		I	F3, F6
holding	SATS	Class B Common Stock						2,687,900	22 Dec 2023	Class A Common Stock	2,687,900		I	F3, F7
holding	SATS	Class B Common Stock						3,693,428	22 Dec 2023	Class A Common Stock	3,693,428		I	F3, F8
holding	SATS	Class B Common Stock						12,808,205	22 Dec 2023	Class A Common Stock	12,808,205		I	F3, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting persons disclaim beneficial ownership of these shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission ofbeneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2	These shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	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.
F4	On December 22, 2023, Mr. Charles W. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT") and contributed a total of 8,800,000 Class B shares to such trust. The 2023 December GRAT is scheduled to expire in accordance with its terms on December 22, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 December GRAT.
F5	On December 21, 2022, Mr. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B shares to such trust. The 2022 December GRAT currently holds 5,181,574 Class B shares and is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December GRAT.
F6	On June 23, 2023, Mr. Ergen established the Ergen Two-Year June 2023 SATS GRAT (the "2023 June GRAT") and contributed a total of 14,500,000 Class B shares to such trust. The 2023 June GRAT is scheduled to expire in accordance with its terms on June 23, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 June GRAT.
F7	On June 23, 2022, Mr. Ergen established the Ergen Two-Year June 2022 SATS GRAT (the "2022 June GRAT") and contributed a total of 7,000,000 Class B shares to such trust. The 2022 June GRAT currently holds 2,687,900 Class B shares. The 2022 June GRAT is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 June GRAT.
F8	On March 31, 2022, Mr. 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. The 2022 March GRAT currently holds 3,693,428 Class B shares and 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.
F9	These shares are held by Telluray Holdings, LLC ("Telluray"). Mrs. Ergen has sole voting power over the Class B shares held by Telluray and Mr. Ergen and Mrs. Ergen share dispositive power over the Class B shares held by Telluray. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.