Ergen Two-Year May 2023 DISH GRAT - Dec 31, 2023 Form 3 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Cantey M. Ergen, Trustee of the ERGEN TWO-YEAR MAY 2023 DISH GRAT, by Dean Manson, her Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
3
Date filed
1/4/2024, 05:43 PM
Previous filing
May 18, 2023
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SATS Class A Common Stock 9.12M Dec 31, 2023 Direct F1, F2

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 31, 2023 Class A Common Stock 9.82M Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 (the "Merger Agreement") by and among the Issuer, DISH Network Corporation ("DISH") and EAV Corp, a Nevada corporation and a wholly owned direct subsidiary of the Issuer ("Merger Sub"), on December 31, 2023 Merger Sub merged with and into DISH with DISH surviving the merger as a wholly owned subsidiary of the Issuer (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger each share of Class A common stock, par value $0.01, of DISH was converted into the right to receive 0.350877 shares of Class A common stock, $0.001 per share, of the Issuer.
F2 On May 12, 2023, Mr. Charles W. Ergen established the Ergen Two-Year May 2023 DISH GRAT (the "2023 May GRAT"). The 2023 May GRAT is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 May GRAT.
F3 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.
F4 Pursuant to the Merger Agreement, at the effective time of the Merger each share of Class B common stock, par value $0.01, of DISH was converted into the right to receive 0.350877 shares of Class B common stock, $0.001 per share, of the Issuer.