Ergen Two-Year June 2023 SATS GRAT - Jun 23, 2023 Form 3 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2023 SATS GRAT, by Dean A. Manson, her Attorney-in Fact
Stock symbol: SATS
Transactions as of: Jun 23, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/3/2023, 04:16 PM

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
holding	SATS	Class B Common Stock							Jun 23, 2023	Class A Common Stock	14.5M		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The reporting person may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
F2	On June 23, 2023, Mr. Charles W. Ergen established the Ergen Two-Year June 2023 SATS GRAT (the "2023 June GRAT") and contributed a total of 14,500,000 Class B shares to such trust. The 2023 June 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 GRAT.