Charles W. Ergen - May 20, 2021 Form 4 Insider Report for EchoStar CORP (SATS)

Role: Chairman, Director, 10%+ Owner
Signature: /s/ Charles W. Ergen, by Dean A. Manson, his attorney-in-fact
Stock symbol: SATS
Transactions as of: May 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/24/2021, 04:28 PM
Next filing: Jun 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SATS	Class A Common Stock						314K	May 20, 2021	Direct
holding	SATS	Class A Common Stock						1.89M	May 20, 2021	I	F1
holding	SATS	Class A Common Stock						6.12K	May 20, 2021	By child	F2
holding	SATS	Class A Common Stock						47	May 20, 2021	By spouse
holding	SATS	Class A Common Stock						3.71K	May 20, 2021	By 401(k)
holding	SATS	Class A Common Stock						201	May 20, 2021	By spouse's 401(k)
holding	SATS	Class A Common Stock						5.4K	May 20, 2021	By Charitable Foundation	F3

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	-2.7M	-100%	$0.00^*	0	May 20, 2021	Class A Common Stock	2.7M		I	F4, F5
transaction	SATS	Class B Common Stock	Gift	$0	+2.7M	+174.47%	$0.00	4.24M	May 20, 2021	Class A Common Stock	2.7M		Direct	F4, F5
holding	SATS	Class B Common Stock						2.91M	May 20, 2021	Class A Common Stock	2.91M		I	F4, F6
holding	SATS	Class B Common Stock						1.72M	May 20, 2021	Class A Common Stock	1.72M		I	F4, F7
holding	SATS	Class B Common Stock						5M	May 20, 2021	Class A Common Stock	5M		I	F4, F8
holding	SATS	Class B Common Stock						21M	May 20, 2021	Class A Common Stock	21M		I	F4, F9
holding	SATS	Class B Common Stock						12.8M	May 20, 2021	Class A Common Stock	12.8M		I	F4, F10

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

Explanation of Responses:

Id	Content
F1	On March 18, 2020, Mr. Ergen established the Ergen Two-Year March 2020 SATS GRAT (the "2020 March GRAT") and contributed a total of 2,151,751 Class A shares and 1,348,249 Class B shares to such trust. The 2020 March GRAT currently holds 1,886,574 Class A shares and is scheduled to expire in accordance with its terms on March 18, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 March GRAT.
F2	The reporting persons disclaim beneficial ownership of these shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3	These shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4	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.
F5	On May 20, 2019, Mr. Ergen established the Ergen Two-Year May 2019 SATS GRAT (the "2019 May GRAT") and contributed a total of 5,000,000 Class B shares to such trust. Pursuant to the terms of the 2019 May GRAT, all of the remaining 2,695,957 Class B shares were distributed as an annuity to Mr. Ergen on May 20, 2021 and the 2019 May GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of such GRAT.
F6	On May 30, 2019, Mr. Ergen established the Ergen Two-Year 2019 SATS GRAT II (the "2019 GRAT II") and contributed a total of 5,000,000 Class B shares to such trust. The 2019 GRAT II currently holds 2,913,508 Class B shares and is scheduled to expire in accordance with its terms on May 30, 2021. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F7	On December 5, 2019, Mr. Ergen established the Ergen Two-Year December 2019 SATS GRAT (the "2019 December GRAT") and contributed a total of 8,000,000 Class B shares to such trust. The 2019 December GRAT currently holds 1,724,153 Class B shares and is scheduled to expire in accordance with its terms on December 5, 2021. Mrs. Cantey M. Ergen serves as the trustee of the 2019 December GRAT.
F8	On June 1, 2020, Mr. Ergen established the Ergen Two-Year June 2020 SATS GRAT (the "2020 June GRAT") and contributed a total of 5,000,000 Class B shares to such trust. The 2020 June GRAT is scheduled to expire in accordance with its terms on June 1, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 June GRAT.
F9	On December 21, 2020, Mr. Ergen established the Ergen Two-Year December 2020 SATS GRAT (the "2020 December GRAT") and contributed a total of 21,000,000 Class B shares to such trust. The 2020 December GRAT is scheduled to expire in accordance with its terms on December 21, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 December GRAT.
F10	These shares are held by Telluray Holdings, LLC ("Telluray"). Mrs. Ergen has sole voting power over the Class B shares held by Telluray and Mr. Ergen and Mrs. Ergen share dispositive power over the Class B shares held by Telluray. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.