Ergen Two-Year May 2023 DISH GRAT - May 13, 2024 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year May 2023 DISH GRAT, by Dean A. Manson, Attorney-in-Fact
Stock symbol
SATS
Transactions as of
May 13, 2024
Transactions value $
$0
Form type
4
Date filed
5/15/2024, 06:44 PM
Previous filing
Jan 3, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SATS Class A Common Stock Gift $0 -9.12M -100% $0.00* 0 May 13, 2024 Direct F1

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 -2.26M -23.01% $0.00 7.56M May 13, 2024 Class A Common Stock 2.26M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year May 2023 DISH GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Ergen Two-Year May 2023 DISH GRAT (the "2023 May GRAT"), 9,122,802 Class A shares and 2,261,098 Class B shares were distributed as an annuity to Mr. Ergen on May 13, 2024. Following this distribution, the 2023 May GRAT beneficially owns 7,563,458 Class B shares. The 2023 May GRAT is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.
F2 The holder of Class B shares 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.