Two-Year June 2022 Sats Grat Ergen - 23 Jun 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Reporting relationship: 10%+ Owner
Issuer ticker: SATS
Reported as of: 23 Jun 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 Jun 2023, 16:20:00 UTC
Prior SEC filing: 05 Jul 2022
Source filing: View source filing
Reporting owner signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2022 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact

Key filing fact

Two-Year June 2022 Sats Grat Ergen filed Form 4 for EchoStar CORP (SATS) on 27 Jun 2023.

Key facts

This page summarizes Two-Year June 2022 Sats Grat Ergen's Form 4 filing for EchoStar CORP (SATS).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 27 Jun 2023, 16:20.

Change

Previous filing in this sequence was filed on 05 Jul 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SATS transaction Derivative

Class B Common Stock

Gift

Transaction value: $0
Shares: -4,312,100
Change %: -62%
Price: $0.000000
Shares after: 2,687,900
Date: 23 Jun 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,312,100
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Two-Year June 2022 Sats Grat Ergen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

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.

Footnote F2

On June 23, 2022, Mr. Charles W. 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. Pursuant to the terms of the 2022 June GRAT, 4,312,100 Class B shares were distributed as an annuity payment to Mr. Ergen on June 23, 2023, with the 2022 June GRAT retaining 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.