Two-Year June 2022 Sats Grat Ergen - 23 Jun 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2022 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact
Issuer symbol: SATS
Transactions as of: 23 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Jun 2023, 16:20:00 UTC
Previous filing: 05 Jul 2022
SEC: View on sec.gov

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	-4,312,100	-62%	$0.000000	2,687,900	23 Jun 2023	Class A Common Stock	4,312,100		Direct	F1, F2

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

Two-Year June 2022 Sats Grat Ergen 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 23, 2022, Mr. Charles W. Ergen established the Ergen Two-Year June 2022 SATS GRAT (the "2022 June GRAT") and contributed a total of 7,000,000 Class B shares to such trust. Pursuant to the terms of the 2022 June GRAT, 4,312,100 Class B shares were distributed as an annuity payment to Mr. Ergen on June 23, 2023, with the 2022 June GRAT retaining 2,687,900 Class B shares. The 2022 June GRAT is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 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 23, 2022, Mr. Charles W. Ergen established the Ergen Two-Year June 2022 SATS GRAT (the "2022 June GRAT") and contributed a total of 7,000,000 Class B shares to such trust. Pursuant to the terms of the 2022 June GRAT, 4,312,100 Class B shares were distributed as an annuity payment to Mr. Ergen on June 23, 2023, with the 2022 June GRAT retaining 2,687,900 Class B shares. The 2022 June GRAT is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 June GRAT.