July 10, 2025 · Form 4 insider transaction
Ergen Two-Year July 2024 SATS GRAT sold 7,938,158 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.
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"), 7,938,158 Class B shares were distributed as an annuity to Mr. Ergen on July 10, 2025. Following this distribution, the 2024 July GRAT beneficially owns 18,561,842 Class B shares. The 2024 July GRAT is scheduled to expire in accordance with its terms on July 10, 2026. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.