Charles W. Ergen - 22 Dec 2025 Form 4 Insider Report for EchoStar CORP (SATS)

Signature
/s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact
Issuer symbol
SATS
Transactions as of
22 Dec 2025
Net transactions value
$0
Form type
4
Filing time
29 Dec 2025, 19:07:18 UTC
Previous filing
02 Dec 2025

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
ERGEN CHARLES W CHAIRMAN, PRES and CEO, Director, 10%+ Owner 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact 29 Dec 2025 0000904548
ERGEN CANTEY Director, SENIOR ADVISOR, 10%+ Owner 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Cantey M. Ergen, by Dean A. Manson, Attorney-in-Fact 29 Dec 2025 0001138538

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SATS Class A Common Stock Gift $0 -11,821 -0.11% $0.000000 11,140,269 26 Dec 2025 Direct
holding SATS Class A Common Stock 11,367 22 Dec 2025 I F1
holding SATS Class A Common Stock 213 22 Dec 2025 I F2
holding SATS Class A Common Stock 1,276 22 Dec 2025 I F3
holding SATS Class A Common Stock 11,921 22 Dec 2025 I F4
holding SATS Class A Common Stock 766,443 22 Dec 2025 I F5
holding SATS Class A Common Stock 2,350,696 22 Dec 2025 I F6
holding SATS Class A Common Stock 1,551,355 22 Dec 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 -19,038,378 -100% $0.000000 0 22 Dec 2025 Class A Common Stock 19,038,378 I F8, F9
transaction SATS Class B Common Stock Gift $0 +2,060,220 +7419% $0.000000 2,087,989 22 Dec 2025 Class A Common Stock 2,060,220 Direct F8, F9
transaction SATS Class B Common Stock Other $0 +16,978,158 +48% $0.000000 52,169,024 22 Dec 2025 Class A Common Stock 16,978,158 I F6, F8, F9
transaction SATS Class B Common Stock Other $0 +5,422,728 +10% $0.000000 57,591,752 22 Dec 2025 Class A Common Stock 5,422,728 I F6, F8, F10
holding SATS Class B Common Stock 3,306,885 22 Dec 2025 Class A Common Stock 3,306,885 I F8, F11
holding SATS Class B Common Stock 18,561,842 22 Dec 2025 Class A Common Stock 18,561,842 I F8, F12
holding SATS Class B Common Stock 25,000,000 22 Dec 2025 Class A Common Stock 25,000,000 I F8, F13
holding SATS Class B Common Stock 16,800,000 22 Dec 2025 Class A Common Stock 16,800,000 I F8, F14
holding SATS Class B Common Stock 8,000,000 22 Dec 2025 Class A Common Stock 8,000,000 I F8, F15
* 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 December 2023 SATS GRAT (the "2023 December GRAT"), on December 22, 2025, the 2023 December GRAT: (i) distributed 2,060,220 Class B shares held by the 2023 December GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 16,978,158 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, and the 2023 December GRAT expired in accordance with its terms.
F10 On December 22, 2025, certain trusts established by Mr. Ergen for the benefit of his family contributed 5,422,728 Class B shares to Telluray holdings in exchange for membership units in Telluray Holdings.
F11 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.
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 currently holds 18,561,842 Class B shares. 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, 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.
F14 On June 26, 2025, Mr. Ergen established the Ergen Two-Year June 2025 SATS GRAT (the "2025 June GRAT") and contributed 16,800,000 Class B shares to the 2025 June GRAT. The 2025 June GRAT is scheduled to expire in accordance with its terms on June 26, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 June GRAT.
F15 On July 29, 2025, Mr. Ergen established the Ergen Two-Year July 2025 SATS GRAT (the "2025 July GRAT") and contributed 8,000,000 Class B shares to the 2025 July GRAT. The 2025 July GRAT is scheduled to expire in accordance with its terms on July 29, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 July GRAT.