Ergen Two-Year July 2024 SATS GRAT sold ECHO
July 10, 2026 · Form 4 insider transaction
Ergen Two-Year July 2024 SATS GRAT sold 18,561,842 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 4 days after the transaction.
Footnotes
The holder of 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.; Pursuant to the terms of the Ergen Two-Year July 2024 SATS GRAT (the "2024 July GRAT"), on July 10, 2026, the 2024 July GRAT: (i) distributed 2,622,061 Class B shares as an annuity to Mr. Charles W. Ergen; and (ii) contributed the remaining 15,939,781 Class B shares held by the 2024 July GRAT to Telluray Holdings, LLC in exchange for membership units in Telluray Holdings and the 2024 July GRAT expired in accordance with its terms.