Two-Year December 2022 Sats Grat Ergen - 21 Dec 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Reporting relationship: 10%+ Owner
Issuer ticker: SATS
Reported as of: 21 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Dec 2023, 16:13:22 UTC
Prior SEC filing: 27 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year December 2022 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact

Key filing fact

Two-Year December 2022 Sats Grat Ergen filed Form 4 for EchoStar CORP (SATS) on 22 Dec 2023.

Key facts

This page summarizes Two-Year December 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: 22 Dec 2023, 16:13.

Change

Previous filing in this sequence was filed on 27 Dec 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: -8,718,426
Change %: -63%
Price: $0.000000
Shares after: 5,181,574
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,718,426
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

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 December 21, 2022, Mr. Charles W. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 December GRAT, 8,718,426 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2023, with the 2022 December GRAT retaining 5,181,574 Class B shares. The 2022 December GRAT is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December GRAT.