Ergen Two-Year June 2021 SATS GRAT - Jun 9, 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2021 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact
Stock symbol: SATS
Transactions as of: Jun 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/13/2023, 04:16 PM
Previous filing: Jun 13, 2022

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	-4.05M	-100%	$0.00^*	0	Jun 9, 2023	Class A Common Stock	4.05M		Direct	F1, F2

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

Ergen Two-Year June 2021 SATS GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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.
F2	On June 9, 2021, Mr. Charles W. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. Pursuant to the terms of the 2021 June GRAT, all of the remaining 4,053,768 Class B shares were distributed as an annuity payment to Mr. Ergen on June 9, 2023, and the 2021 June GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of the 2021 June GRAT.

Content

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.

On June 9, 2021, Mr. Charles W. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. Pursuant to the terms of the 2021 June GRAT, all of the remaining 4,053,768 Class B shares were distributed as an annuity payment to Mr. Ergen on June 9, 2023, and the 2021 June GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of the 2021 June GRAT.