Ergen Two-Year June 2023 DISH GRAT - Jun 26, 2024 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year June 2023 DISH GRAT, by Dean A. Manson, Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 04:38 PM
Previous filing
Jan 3, 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
transaction SATS Class B Common Stock Gift $0 -16.3M -51.9% $0.00 15.1M Jun 26, 2024 Class A Common Stock 16.3M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The holder of Class B shares 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 terms of the Ergen Two-Year June 2023 DISH GRAT (the "2023 June GRAT"), 16,298,707 Class B shares were distributed as an annuity to Mr. Ergen on June 26, 2024. Following this distribution, the 2023 June GRAT beneficially owns 15,104,784 Class B shares. 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 such GRAT.