Charles W. Ergen - 12 Nov 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
12 Nov 2024
Transactions value $
$43,499,994
Form type
4
Filing time
14 Nov 2024, 17:15:44 UTC
Previous filing
15 Jul 2024
Next filing
26 Dec 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 Purchase $43.5M +1.55M $28.04 1.55M 12 Nov 2024 I F1
holding SATS Class A Common Stock 11.4M 12 Nov 2024 Direct
holding SATS Class A Common Stock 11.3K 12 Nov 2024 I F2
holding SATS Class A Common Stock 9.97K 12 Nov 2024 I F3
holding SATS Class A Common Stock 766K 12 Nov 2024 I F4
holding SATS Class A Common Stock 2.35M 12 Nov 2024 I F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 12, 2024, CONX Corporation ("CONX"), subject to the terms and conditions of a Subscription Agreement entered into between CONX and EchoStar Corporation ("EchoStar"), purchased 1,551,355 shares of Class A Common Stock at a purchase price of $28.04 per share. These shares are beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC, which controls CONX. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
F2 By 401(K).
F3 The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F4 The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation with Mrs. Cantey M. Ergen, his spouse. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F5 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 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 held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.