Charles W. Ergen - 26 Jun 2024 Form 4 Insider Report for EchoStar CORP (SATS)

Role: CHAIRMAN, Director, 10%+ Owner
Signature: /s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact
Issuer symbol: SATS
Transactions as of: 26 Jun 2024
Transactions value $: $0
Form type: 4
Filing time: 28 Jun 2024, 16:36:29
Previous filing: 26 Jun 2024
Next filing: 15 Jul 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						11.4M	26 Jun 2024	Direct
holding	SATS	Class A Common Stock						11.3K	26 Jun 2024	I	F1
holding	SATS	Class A Common Stock						213	26 Jun 2024	I	F2
holding	SATS	Class A Common Stock						1.19K	26 Jun 2024	I	F3
holding	SATS	Class A Common Stock						9.97K	26 Jun 2024	I	F4
holding	SATS	Class A Common Stock						766K	26 Jun 2024	I	F5
holding	SATS	Class A Common Stock						2.35M	26 Jun 2024	I	F6

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	-16.3M	-51.9%	$0.00	15.1M	26 Jun 2024	Class A Common Stock	16.3M		I	F7, F8
transaction	SATS	Class B Common Stock	Gift	$0	+16.3M	+158.53%	$0.00	26.6M	26 Jun 2024	Class A Common Stock	16.3M		Direct	F7, F8
holding	SATS	Class B Common Stock						35.2M	26 Jun 2024	Class A Common Stock	35.2M		I	F6, F7
holding	SATS	Class B Common Stock						5.18M	26 Jun 2024	Class A Common Stock	5.18M		I	F7, F9
holding	SATS	Class B Common Stock						7.56M	26 Jun 2024	Class A Common Stock	7.56M		I	F7, F10
holding	SATS	Class B Common Stock						6.93M	26 Jun 2024	Class A Common Stock	6.93M		I	F7, F11
holding	SATS	Class B Common Stock						28.8M	26 Jun 2024	Class A Common Stock	28.8M		I	F7, F12
holding	SATS	Class B Common Stock						6M	26 Jun 2024	Class A Common Stock	6M		I	F7, F13

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

Explanation of Responses:

Id	Content
F1	By 401(K).
F2	Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F3	Held by Mrs. Ergen in a 401(k) account.
F4	The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F5	The 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.
F6	The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F7	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.
F8	Pursuant to the terms of the Ergen Two-Year June 2023 DISH GRAT (the "2023 June GRAT"), 16,298,707 Class B shares held by the 2023 June GRAT were distributed as an annuity to Mr. Ergen on June 26, 2024. Following this distribution, the 2023 June GRAT holds 15,104,784 Class B shares and is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 June GRAT.
F9	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.
F10	On May 12, 2023, Mr. Ergen established the Ergen Two-Year May 2023 DISH GRAT (the "2023 May DISH GRAT") and contributed a total of 26,000,000 DISH Class A shares and 28,000,000 DISH Class B shares to such trust. In connection with the merger (the "Merger") between EchoStar Corporation ("EchoStar") and DISH Network Corporation ("DISH") as defined in their respective SEC filings, such shares converted into the right to receive 9,122,802 EchoStar Class A Shares and 9,824,556 EchoStar Class B shares, respectively. The 2023 May DISH GRAT currently holds 7,563,458 Class B shares. The 2023 May DISH GRAT is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 May DISH GRAT.
F11	On June 23, 2023, Mr. Ergen established the Ergen Two-Year June 2023 SATS GRAT (the "2023 June SATS GRAT") and contributed a total of 14,500,000 Class B shares to such trust. The 2023 June SATS GRAT currently holds 6,927,672 Class B shares. The 2023 June SATS 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 SATS GRAT.
F12	On December 22, 2023, Mr. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT") and contributed a total of 8,800,000 EchoStar Class B shares and 57,000,000 DISH Class B shares to such trust. In connection with the Merger, such DISH Class B shares converted into the right to receive 19,999,989 EchoStar Class B shares. The 2023 December GRAT currently holds 28,799,989 Class B shares and 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.
F13	On May 13, 2024, Charles W. Ergen established the Ergen Two-Year May 2024 SATS GRAT (the "2024 May GRAT") and contributed 6,000,000 Class B shares to the 2024 May GRAT. The 2024 May GRAT is scheduled to expire in accordance with its terms on May 13, 2026. Mrs. Cantey M. Ergen serves as the trustee of the 2024 May GRAT.