EchoStar CORP (ECHO) Ergen GRAT distributes 1,502,440 Class B shares
Rhea-AI Filing Summary
EchoStar CORP insiders Charles W. and Cantey M. Ergen reported an internal transfer of EchoStar Class B Common Stock. On July 29, 2026, the Ergen Two-Year July 2025 SATS GRAT distributed 1,502,440 Class B shares to Mr. Ergen as an annuity payment, reported as a bona fide gift and moving the shares from indirect to direct ownership. The 2025 July GRAT still holds 6,497,560 Class B shares, while other Ergen GRATs and entities continue to hold additional indirect positions; all Class B shares are convertible into an equal number of Class A shares at any time for no additional consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,004,880 shares gifted
Gift
15 txns
Insider
ERGEN CHARLES W, ERGEN CANTEY
Role
CHAIRMAN, PRES and CEO | Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock F8, F9 | 1,502,440 | $0.00 | $0.00 |
| Gift | Class B Common Stock F8, F9 | 1,502,440 | $0.00 | $0.00 |
| holding | Class B Common Stock F8, F6 | -- | -- | -- |
| holding | Class B Common Stock F8, F10 | -- | -- | -- |
| holding | Class B Common Stock F8, F11 | -- | -- | -- |
| holding | Class B Common Stock F8, F12 | -- | -- | -- |
| holding | Class B Common Stock F8, F13 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| holding | Class A Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 129,835,520 shares (Indirect, I);
Class B Common Stock — 1,512,948 shares (Direct);
Class A Common Stock — 11,140,269 shares (Direct);
Class A Common Stock — 4,695,280 shares (Indirect, I)
Footnotes (13)
- F1. By 401(K).
- F2. Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
- F3. Held by Mrs. Ergen in a 401(k) account.
- F4. The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F5. The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F6. 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.
- F7. These shares are beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC, which controls CONX Corp. The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.
- F8. 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.
- F9. Pursuant to the terms of the Ergen Two-Year July 2025 SATS GRAT (the "2025 July GRAT") on July 29, 2026, the 2025 July GRAT distributed 1,502,440 Class B shares held by the 2025 July GRAT to Mr. Ergen as an annuity payment. Following this distribution, the 2025 July GRAT holds 6,497,560 Class B shares. The 2025 July GRAT is scheduled to expire in accordance with its terms on July 29, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 July GRAT.
- F10. On May 13, 2025, Mr. Ergen established the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT") and contributed 26,000,000 Class B shares to the 2025 May GRAT. The 2025 May GRAT currently holds 23,097,210 Class B shares. The 2025 May GRAT is scheduled to expire in accordance with its terms on May 13, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 May GRAT.
- F11. On June 26, 2025, Mr. Ergen established the Ergen Two-Year June 2025 SATS GRAT (the "2025 June GRAT") and contributed 16,800,000 Class B shares to the 2025 June GRAT. The 2025 June GRAT currently holds 14,483,467 Class B shares. The 2025 June GRAT is scheduled to expire in accordance with its terms on June 26, 2027. Mrs. Cantey M. Ergen serves at the trustee of the 2025 June GRAT.
- F12. On June 15, 2026, Mr. Ergen established the Ergen Two-Year June 2026 SATS GRAT (the "June 2026 GRAT") and contributed 4,300,000 Class B shares to the June 2026 GRAT. The June 2026 GRAT is scheduled to expire in accordance with its terms on June 15, 2028. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
- F13. On July 20, 2026, Mr. Ergen established the Ergen Two-Year July 2026 ECHO GRAT (the "July 2026 GRAT") and contributed 5,000,000 Class B shares to the July 2026 GRAT. The July 2026 GRAT is scheduled to expire in accordance with its terms on July 20, 2028. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
Key Figures
GRAT distribution: 1,502,440 Class B shares
2025 July GRAT remaining holdings: 6,497,560 Class B shares
2025 May GRAT holdings: 23,097,210 Class B shares
+4 more
7 metrics
GRAT distribution
1,502,440 Class B shares
Class B shares distributed on July 29, 2026 from the 2025 July GRAT to Mr. Ergen as an annuity payment
2025 July GRAT remaining holdings
6,497,560 Class B shares
Held by the Ergen Two-Year July 2025 SATS GRAT after the July 29, 2026 distribution
2025 May GRAT holdings
23,097,210 Class B shares
Currently held by the Ergen Two-Year May 2025 SATS GRAT
2025 June GRAT holdings
14,483,467 Class B shares
Currently held by the Ergen Two-Year June 2025 SATS GRAT
June 2026 GRAT contribution
4,300,000 Class B shares
Contributed to the Ergen Two-Year June 2026 SATS GRAT
July 2026 GRAT contribution
5,000,000 Class B shares
Contributed to the Ergen Two-Year July 2026 ECHO GRAT
Direct Class A holdings
11,140,269 Class A shares
Directly held after the reported transactions
Key Terms
bona fide gift, GRAT, pecuniary interest, dispositive power, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
GRAT financial
"the Ergen Two-Year July 2025 SATS GRAT (the "2025 July GRAT")"
pecuniary interest financial
"disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein"
dispositive power financial
"share voting and dispositive power for the foundation"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Charles and Cantey Ergen report in this EchoStar (ECHO) Form 4?
Charles and Cantey Ergen reported an internal transfer of 1,502,440 EchoStar Class B shares from a family GRAT to Charles Ergen. The move was reported as a bona fide gift, shifting shares from indirect trust ownership to direct ownership at no additional consideration.
What EchoStar (ECHO) Class B holdings do the other Ergen GRATs report?
The Ergen Two-Year May 2025 SATS GRAT currently holds 23,097,210 Class B shares, and the Ergen Two-Year June 2025 SATS GRAT holds 14,483,467 Class B shares. A June 2026 GRAT received 4,300,000 Class B shares and a July 2026 GRAT received 5,000,000 Class B shares.
How are the reported EchoStar (ECHO) transactions classified in terms of buy or sell activity?
The filing reports a bona fide gift transfer: 1,502,440 Class B shares were disposed of indirectly and acquired directly on the same date. Net buy/sell activity is neutral, reflecting an internal shift between indirect and direct ownership rather than an open-market trade.