Charles W. Ergen - Nov 12, 2024 Form 4 Insider Report for EchoStar CORP (SATS)

Role: CHAIRMAN, Director, 10%+ Owner
Signature: /s/ Charles W. Ergen, by Dean A. Manson, Attorney-in-Fact
Stock symbol: SATS
Transactions as of: Nov 12, 2024
Transactions value $: $43,499,994
Form type: 4
Date filed: 11/14/2024, 05:15 PM
Previous filing: Jul 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SATS	Class A Common Stock	Purchase	$43.5M	+1.55M		$28.04	1.55M	Nov 12, 2024	I	F1
holding	SATS	Class A Common Stock						11.4M	Nov 12, 2024	Direct
holding	SATS	Class A Common Stock						11.3K	Nov 12, 2024	I	F2
holding	SATS	Class A Common Stock						9.97K	Nov 12, 2024	I	F3
holding	SATS	Class A Common Stock						766K	Nov 12, 2024	I	F4
holding	SATS	Class A Common Stock						2.35M	Nov 12, 2024	I	F5

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

Explanation of Responses:

Id	Content
F1	On November 12, 2024, CONX Corporation ("CONX"), subject to the terms and conditions of a Subscription Agreement entered into between CONX and EchoStar Corporation ("EchoStar"), purchased 1,551,355 shares of Class A Common Stock at a purchase price of $28.04 per share. These shares are beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC, which controls CONX. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
F2	By 401(K).
F3	The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F4	The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation with Mrs. Cantey M. Ergen, his spouse. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F5	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 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 held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.