Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | SATS | Class B Common Stock | Jul 10, 2024 | Class A Common Stock | 26.5M | Direct | F1, F2 |
Id | Content |
---|---|
F1 | The holder of the 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 | On July 10, 2024, Charles W. Ergen established the Ergen Two-Year July 2024 SATS GRAT (the "July 2024 GRAT") and contributed 26,500,000 Class B shares, resulting in the transfer of a total of 26,500,000 Class B shares to the July 2024 GRAT. Mrs. Cantey M. Ergen serves as the trustee of the July 2024 GRAT. |