Charles W. Ergen - May 12, 2025 Form 4 Insider Report for EchoStar CORP (SATS)

Signature
/s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact
Stock symbol
SATS
Transactions as of
May 12, 2025
Transactions value $
$0
Form type
4
Date filed
5/14/2025, 06:55 PM
Previous filing
Apr 3, 2025
Next filing
May 15, 2025

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
ERGEN CHARLES W CHAIRMAN, Director, 10%+ Owner 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact 2025-05-14 0000904548
ERGEN CANTEY Director, SENIOR ADVISOR, 10%+ Owner 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Cantey M. Ergen, by Dean A. Manson, Attorney-in-Fact 2025-05-14 0001138538

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SATS Class A Common Stock 11.3M May 12, 2025 Direct
holding SATS Class A Common Stock 11.4K May 12, 2025 I F1
holding SATS Class A Common Stock 213 May 12, 2025 I F2
holding SATS Class A Common Stock 1.28K May 12, 2025 I F3
holding SATS Class A Common Stock 11.6K May 12, 2025 I F4
holding SATS Class A Common Stock 766K May 12, 2025 I F5
holding SATS Class A Common Stock 2.35M May 12, 2025 I F6
holding SATS Class A Common Stock 1.55M May 12, 2025 I F7

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 -7.56M -100% $0.00 0 May 12, 2025 Class A Common Stock 7.56M I F8, F9
transaction SATS Class B Common Stock Gift $0 +7.56M +50.34% $0.00 22.6M May 12, 2025 Class A Common Stock 7.56M Direct F8, F9
transaction SATS Class B Common Stock Gift $0 -2.69M -44.89% $0.00 3.31M May 13, 2025 Class A Common Stock 2.69M I F8, F10
transaction SATS Class B Common Stock Gift $0 +2.69M +11.92% $0.00 25.3M May 13, 2025 Class A Common Stock 2.69M Direct F8, F10
holding SATS Class B Common Stock 35.2M May 12, 2025 Class A Common Stock 35.2M I F6, F8
holding SATS Class B Common Stock 6.93M May 12, 2025 Class A Common Stock 6.93M I F8, F11
holding SATS Class B Common Stock 15.1M May 12, 2025 Class A Common Stock 15.1M I F8, F12
holding SATS Class B Common Stock 19M May 12, 2025 Class A Common Stock 19M I F8, F13
holding SATS Class B Common Stock 26.5M May 12, 2025 Class A Common Stock 26.5M I F8, F14
* 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 These shares are beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC, which controls CONX Corp. The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.
F8 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.
F9 Pursuant to the terms of the Ergen Two-Year May 2023 DISH GRAT (the "2023 May GRAT"), all 7,563,458 Class B shares were distributed as an annuity to Mr. Ergen on May 12, 2025. Following this distribution, the 2023 May GRAT expired in accordance with its terms.
F10 Pursuant to the terms of the Ergen Two-Year May 2024 SATS GRAT (the "2024 May GRAT"), 2,693,115 Class B shares held by the 2024 May GRAT were distributed as an annuity to Mr. Ergen on May 13, 2025. Following this distribution, the 2024 May GRAT holds 3,306,885 Class B shares and is scheduled to expire in accordance with its terms on May 13, 2026. Mrs. Cantey M. Ergen serves as the trustee of such 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 June 26, 2023, Mr. Ergen established the Ergen Two-Year June 2023 DISH GRAT (the "2023 June DISH GRAT") and contributed a total of 89,500,000 DISH Class B shares to the 2023 June DISH GRAT. In connection with the merger (the "Merger") between EchoStar Corporation ("EchoStar") and DISH Network Corporation ("DISH") as defined in their respective SEC filings, such DISH Class B shares converted into the right to receive 31,403,491 EchoStar Class B shares. The 2023 June DISH GRAT currently holds 15,104,784 Class B shares. The 2023 June DISH GRAT 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 DISH GRAT.
F13 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 Class B shares and 57,000,000 DISH Class B shares to the 2023 December GRAT. In connection with the Merger, such DISH Class B shares converted into the right to receive 19,999,989 EchoStar Class B shares. After the Merger, the 2023 December GRAT held a total of 28,799,989 Class B shares. The 2023 December GRAT currently holds 19,038,378 Class B shares. The 2023 December GRAT is schedule to expire in accordance with its terms on December 22, 2025. Mrs. Cantey M. Ergen serves as trustee of the 2023 December GRAT.
F14 On July 10, 2024, Mr. Ergen established the Ergen Two-Year July 2024 SATS GRAT (the "2024 July GRAT") and contributed 26,500,000 Class B shares to the 2024 July GRAT. The 2024 July GRAT is scheduled to expire in accordance with its terms on July 10, 2026. Mrs. Cantey M. Ergen serves as the trustee of the 2024 July GRAT.