Ergen Two-Year December 2022 SATS GRAT - Dec 21, 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year December 2022 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact
Stock symbol: SATS
Transactions as of: Dec 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/22/2023, 04:13 PM
Previous filing: Dec 27, 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	-8.72M	-62.72%	$0.00	5.18M	Dec 21, 2023	Class A Common Stock	8.72M		Direct	F1, F2

Showing 1 to 1 of 1 entries

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

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 December 21, 2022, Mr. Charles W. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 December GRAT, 8,718,426 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2023, with the 2022 December GRAT retaining 5,181,574 Class B shares. The 2022 December GRAT is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December 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 December 21, 2022, Mr. Charles W. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 December GRAT, 8,718,426 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2023, with the 2022 December GRAT retaining 5,181,574 Class B shares. The 2022 December GRAT is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December GRAT.