Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | SATS | Class B Common Stock | Jun 9, 2021 | Class A Common Stock | 9M | Direct | F1, F2 |
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 June 9, 2021, Mr. Charles W. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. The 2021 June GRAT is scheduled to expire in accordance with its terms on June 9, 2023. Mrs. Cantey M. Ergen serves as the trustee of the 2021 June GRAT. |