EchoStar Corp (ECHO) insider logs 15.9M Class B share restructuring move
Rhea-AI Filing Summary
Telluray Holdings, LLC, a more than 10% owner of EchoStar CORP, reported an internal equity transfer dated July 10, 2026. An affiliated trust, the Ergen Two-Year July 2024 SATS GRAT, contributed 15,939,781 Class B shares to Telluray in exchange for membership units, recorded at $0.0000 per share. Following this restructuring, Telluray directly holds 2,350,696 Class A shares and 76,457,283 Class B shares. The Class B shares may be converted into an equal number of Class A shares at any time for no additional consideration. Mrs. Cantey M. Ergen has sole voting power over these shares, while she and Mr. Charles W. Ergen share dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Telluray Holdings, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 15,939,781 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 76,457,283 shares (Direct);
Class A Common Stock — 2,350,696 shares (Direct)
Footnotes (1)
- Mr. Charles W. Ergen and his spouse, Mrs. Cantey M. Ergen, serve as managers of Telluray Holdings, LLC ("Telluray Holdings"). Mrs. Ergen, as a manager of Telluray Holdings, has sole voting power over the shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the shares of Class A Common Stock and Class B Common Sock held by Telluray Holdings. The holder of the 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. On July 10, 2026, the Ergen Two-Year July 2024 SATS GRAT contributed 15,939,781 Class B shares to the Reporting Person in exchange for membership units in the Reporting Person.
Key Figures
Class B shares transferred: 15,939,781 shares
Class B shares held after event: 76,457,283 shares
Class A shares held: 2,350,696 shares
3 metrics
Class B shares transferred
15,939,781 shares
Contributed by the Ergen Two-Year July 2024 SATS GRAT on July 10, 2026
Class B shares held after event
76,457,283 shares
Telluray Holdings’ direct Class B position following the restructuring
Class A shares held
2,350,696 shares
Telluray Holdings’ direct Class A ownership as of July 10, 2026
Key Terms
GRAT, dispositive power, Class B shares, membership units
4 terms
GRAT financial
"the Ergen Two-Year July 2024 SATS GRAT contributed 15,939,781 Class B shares"
dispositive power financial
"share dispositive power over the shares of Class A Common Stock"
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.
membership units financial
"in exchange for membership units in the Reporting Person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Telluray Holdings report for EchoStar (ECHO)?
Telluray Holdings reported an internal transfer of 15,939,781 Class B shares on July 10, 2026. An affiliated GRAT contributed these shares to Telluray in exchange for membership units, recorded at $0.0000 per share, indicating a non-market restructuring rather than an open-market trade.
Was the EchoStar (ECHO) Form 4 transaction a market purchase or sale?
No. The transaction is coded as an “other” (J) event and shows $0.0000 per share, reflecting an internal transfer. A GRAT contributed Class B shares to Telluray in exchange for membership units, so it is a restructuring, not an open-market buy or sell.