ERGEN CHARLES W sold SATS
May 13, 2026 · Form 4 insider transaction
ERGEN CHARLES W sold 3,306,885 shares of EchoStar Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as gift and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.; Pursuant to the terms of the Ergen Two-Year May 2024 SATS GRAT (the "2024 May GRAT"), on May 13, 2026, the 2024 May GRAT: (i) distributed 381,135 Class B shares held by the 2024 May GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 2,925,750 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, and the 2024 May GRAT expired in accordance with its terms.