Telluray Holdings, LLC - 22 Dec 2025 Form 4 Insider Report for EchoStar CORP (SATS)

Role
10%+ Owner
Signature
/s/ Cantey M. Ergen, Manager of Telluray Holdings, LLC, by Dean A. Manson, Attorney-in-Fact
Issuer symbol
SATS
Transactions as of
22 Dec 2025
Net transactions value
$0
Form type
4
Filing time
29 Dec 2025, 19:10:40 UTC
Previous filing
03 Jan 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Telluray Holdings, LLC 10%+ Owner 1623 CENTRAL AVENUE, SUITE 214, CHEYENNE /s/ Cantey M. Ergen, Manager of Telluray Holdings, LLC, by Dean A. Manson, Attorney-in-Fact 29 Dec 2025 0001747721

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SATS Class A Common Stock 2,350,696 22 Dec 2025 Direct F1

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 Other $0 +22,400,866 +64% $0.000000 57,591,752 22 Dec 2025 Class A Common Stock 22,400,866 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Charles W. Ergen and his spouse, Mrs. Cantey M. Ergen, serve as managers of Telluray Holdings, LLC ("Telluray Holdings"). Mrs. Ergen, as a manager of Telluray Holdings, has sole voting power over the shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the shares of Class A Common Stock and Class B Common Sock held by Telluray Holdings.
F2 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.
F3 On December 22, 2025, certain trusts established by Mr. Ergen for the benefit of his family contributed 22,400,886 Class B shares to the Reporting Person in exchange for membership units in the Reporting Person.