Ergen Two-Year December 2023 SATS GRAT - Dec 22, 2023 Form 3 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year December 2023 SATS GRAT, by Dean A. Manson, her Attorney-in Fact
Stock symbol: SATS
Transactions as of: Dec 22, 2023
Transactions value $: $0
Form type: 3
Date filed: 12/29/2023, 08:22 PM
Next filing: Jan 3, 2024

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							Dec 22, 2023	Class A Common Stock	8.8M		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 December 22, 2023, Mr. Charles W. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT") and contributed a total of 8,800,000 Class B shares to such trust. The 2023 December GRAT is scheduled to expire in accordance with its terms on December 22, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 December GRAT.