Charles W. Ergen - Apr 1, 2024 Form 4 Insider Report for EchoStar CORP (SATS)

Signature
/s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/3/2024, 05:43 PM
Previous filing
Jan 3, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SATS Class A Common Stock 2.23M Apr 1, 2024 Direct
holding SATS Class A Common Stock 11.3K Apr 1, 2024 I F1
holding SATS Class A Common Stock 213 Apr 1, 2024 I F2
holding SATS Class A Common Stock 1.19K Apr 1, 2024 I F3
holding SATS Class A Common Stock 9.97K Apr 1, 2024 I F4
holding SATS Class A Common Stock 766K Apr 1, 2024 I F5
holding SATS Class A Common Stock 2.35M Apr 1, 2024 I F6
holding SATS Class A Common Stock 9.12M Apr 1, 2024 I F7

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 -3.69M -100% 0 Apr 1, 2024 Class A Common Stock 3.69M I F8, F9
transaction SATS Class B Common Stock Gift +3.69M +5540.36% 3.76M Apr 1, 2024 Class A Common Stock 3.69M Direct F8, F9
holding SATS Class B Common Stock 35.2M Apr 1, 2024 Class A Common Stock 35.2M I F6, F8
holding SATS Class B Common Stock 2.69M Apr 1, 2024 Class A Common Stock 2.69M I F8, F10
holding SATS Class B Common Stock 5.18M Apr 1, 2024 Class A Common Stock 5.18M I F8, F11
holding SATS Class B Common Stock 9.82M Apr 1, 2024 Class A Common Stock 9.82M I F7, F8
holding SATS Class B Common Stock 14.5M Apr 1, 2024 Class A Common Stock 14.5M I F8, F12
holding SATS Class B Common Stock 31.4M Apr 1, 2024 Class A Common Stock 31.4M I F8, F13
holding SATS Class B Common Stock 28.8M Apr 1, 2024 Class A Common Stock 28.8M I F8, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By 401(K).
F2 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F3 Held by Mrs. Ergen in a 401(k) account.
F4 The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F5 The 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.
F6 The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F7 On May 12, 2023, Mr. Charles W. Ergen established the Ergen Two-Year May 2023 DISH GRAT (the "2023 May DISH GRAT") and contributed a total of 26,000,000 DISH Class A shares and 28,000,000 DISH Class B shares to such trust. In connection with the merger (the "Merger") between EchoStar Corporation ("EchoStar") and DISH Network Corporation ("DISH"), such shares converted into the right to receive 9,122,802 EchoStar Class A Shares and 9,824,556 EchoStar Class B shares, respectively. The 2023 May DISH 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 DISH GRAT.
F8 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.
F9 Pursuant to the terms of the Ergen Two-Year March 2022 SATS GRAT (the "2022 March GRAT"), all 3,693,428 Class B shares held by the 2022 March GRAT were distributed as an annuity to Mr. Ergen on April 1, 2024, and the 2022 March GRAT expired in accordance with its terms.
F10 On June 23, 2022, Mr. Ergen established the Ergen Two-Year June 2022 SATS GRAT (the "2022 June GRAT") and contributed a total of 7,000,000 Class B shares to such trust. The 2022 June GRAT currently holds 2,687,900 Class B shares. The 2022 June GRAT is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 June GRAT.
F11 On December 21, 2022, Mr. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B shares to such trust. The 2022 December GRAT currently holds 5,181,574 Class B shares and is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December GRAT.
F12 On June 23, 2023, Mr. Ergen established the Ergen Two-Year June 2023 SATS GRAT (the "2023 June GRAT") and contributed a total of 14,500,000 Class B shares to such trust. The 2023 June GRAT is scheduled to expire in accordance with its terms on June 23, 2025. Mrs. Cantey M. Ergen serves as the trustee of the 2023 June GRAT.
F13 On June 26, 2023, Mr. Ergen established the Ergen Two-Year June 2023 DISH GRAT (the "2023 June DISH GRAT") and contributed a total of 89,500,000 DISH Class B shares to such trust. In connection with the Merger, such shares converted into the right to receive 31,403,491 EchoStar Class B shares. The 2023 June DISH 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 DISH GRAT.
F14 On December 22, 2023, Mr. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT") and contributed a total of 8,800,000 EchoStar Class B shares and 57,000,000 DISH Class B shares to such trust. In connection with the Merger, such DISH Class B shares converted into the right to receive 19,999,989 EchoStar Class B shares. The 2023 December GRAT currently holds 28,799,989 Class B shares and 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.