ERGEN CHARLES W bought SATS
May 13, 2026 · Form 4 insider transaction
ERGEN CHARLES W bought 2,925,750 shares of EchoStar Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as j 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.; 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 and Class B 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 and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.