Charles W. Ergen - Jun 23, 2025 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
Stock symbol: SATS
Transactions as of: Jun 23, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/25/2025, 04:41 PM
Previous filing: May 15, 2025
Next filing: Jun 30, 2025
SEC: View on sec.gov

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	2025-06-25	0000904548
ERGEN CANTEY	Director, SENIOR ADVISOR, 10%+ Owner	9601 S. MERIDIAN BLVD., ENGLEWOOD	/s/ Cantey M. Ergen, by Dean A. Manson, Attorney-in-Fact	2025-06-25	0001138538

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SATS	Class A Common Stock						11.3M	Jun 23, 2025	Direct
holding	SATS	Class A Common Stock						11.4K	Jun 23, 2025	I	F1
holding	SATS	Class A Common Stock						213	Jun 23, 2025	I	F2
holding	SATS	Class A Common Stock						1.28K	Jun 23, 2025	I	F3
holding	SATS	Class A Common Stock						11.6K	Jun 23, 2025	I	F4
holding	SATS	Class A Common Stock						766K	Jun 23, 2025	I	F5
holding	SATS	Class A Common Stock						2.35M	Jun 23, 2025	I	F6
holding	SATS	Class A Common Stock						1.55M	Jun 23, 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	-6.93M	-100%	$0.00	0	Jun 23, 2025	Class A Common Stock	6.93M		I	F8, F9
transaction	SATS	Class B Common Stock	Gift	$0	+5.27M	+1882.05%	$0.00	5.55M	Jun 23, 2025	Class A Common Stock	5.27M		Direct	F8, F9
holding	SATS	Class B Common Stock						35.2M	Jun 23, 2025	Class A Common Stock	35.2M		I	F6, F8
holding	SATS	Class B Common Stock						15.1M	Jun 23, 2025	Class A Common Stock	15.1M		I	F8, F10
holding	SATS	Class B Common Stock						19M	Jun 23, 2025	Class A Common Stock	19M		I	F8, F11
holding	SATS	Class B Common Stock						26.5M	Jun 23, 2025	Class A Common Stock	26.5M		I	F8, F12
holding	SATS	Class B Common Stock						3.31M	Jun 23, 2025	Class A Common Stock	3.31M		I	F8, F13
holding	SATS	Class B Common Stock						25M	Jun 23, 2025	Class A Common Stock	25M		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 June 2023 SATS GRAT (the "2023 June GRAT"), on June 23, 2025, the 2023 June GRAT distributed: (i) 5,267,525 Class B shares held by the 2023 June GRAT to Mr. Ergen as an annuity payment; and (ii) the remaining 1,660,147 Class B shares to a trust, the beneficiaries of which are members of Mr. Ergen's family, and the 2023 June GRAT expired in accordance with its terms.
F10	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.
F11	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.
F12	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.
F13	On May 13, 2024, Mr. 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 currently 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 the 2024 May GRAT.
F14	On May 13, 2025, Mr. Ergen established the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT") and contributed 25,000,000 Class B shares to the 2025 May GRAT. The 2025 May GRAT is scheduled to expire in accordance with its terms on May 13, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 May GRAT.