Ergen Two-Year June 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 JUNE 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, 05:44 PM
Previous filing: Jun 30, 2023
Next filing: Jun 28, 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 31, 2023	Class A Common Stock	31.4M		Direct	F1, F2, F3

* 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	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 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.
F3	On June 26, 2023, Mr. Charles W. Ergen established the Ergen Two-Year June 2023 DISH GRAT (the "2023 June GRAT"). The 2023 June GRAT is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 June GRAT.