EchoStar CORP (ECHO) GRAT gifts 18,561,842 Class B shares in restructuring

Rhea-AI Filing Summary

EchoStar CORP reports that Ergen Two-Year July 2024 SATS GRAT, a 10% owner, completed a bona fide gift disposition of 18,561,842 shares of Class B Common Stock, which are convertible into an equal number of Class A shares for no additional consideration. The 2024 July GRAT distributed 2,622,061 Class B shares as an annuity to Charles W. Ergen and contributed 15,939,781 Class B shares to Telluray Holdings, LLC in exchange for membership units, after which the GRAT held no Class B shares and expired in accordance with its terms.

Insider Trade Summary

18,561,842 shares gifted

Mixed 1 txn

Insider Ergen Two-Year July 2024 SATS GRAT

Role 10% Owner

Type	Security	Shares	Price	Value
Gift	Class B Common Stock	18,561,842	$0.00	--

Holdings After Transaction: Class B Common Stock — 0 shares (Direct)

Footnotes (1)

1. 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.

Key Figures

Class B shares disposed: 18,561,842 shares Annuity distribution to Charles W. Ergen: 2,622,061 shares Contribution to Telluray Holdings, LLC: 15,939,781 shares +1 more

4 metrics

Class B shares disposed 18,561,842 shares Total Class B Common Stock subject to bona fide gift disposition on July 10, 2026

Annuity distribution to Charles W. Ergen 2,622,061 shares Class B shares distributed as an annuity from the 2024 July GRAT

Contribution to Telluray Holdings, LLC 15,939,781 shares Class B shares contributed by the 2024 July GRAT in exchange for membership units

Shares held after transaction 0 shares Class B Common Stock held by the 2024 July GRAT following the disposition

Key Terms

bona fide gift, 2024 July GRAT, membership units, Class B shares

4 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.

2024 July GRAT financial

"Ergen Two-Year July 2024 SATS GRAT (the "2024 July GRAT")"

membership units financial

"contributed the remaining 15,939,781 Class B shares... in exchange for membership units"

Class B shares financial

"distributed 2,622,061 Class B shares as an annuity"

Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/14/2026 - 06:10 PM Accepted by SEC EDGAR 07/14/2026 - 06:10 PM Learn about SEC filing dates

FAQ

What transaction did the Ergen Two-Year July 2024 SATS GRAT report for EchoStar (ECHO)?

The Ergen Two-Year July 2024 SATS GRAT reported a bona fide gift disposition of Class B Common Stock. It reallocated 18,561,842 shares through an annuity distribution to Charles W. Ergen and a contribution to Telluray Holdings, LLC, and then expired per its terms.

How many EchoStar (ECHO) Class B shares were transferred by the 2024 July GRAT?

The 2024 July GRAT transferred 18,561,842 Class B shares. These shares were treated as a bona fide gift, split between an annuity distribution of 2,622,061 shares to Charles W. Ergen and a 15,939,781-share contribution to Telluray Holdings, LLC.

Who received the EchoStar (ECHO) shares from the 2024 July GRAT disposition?

The disposition sent 2,622,061 Class B shares as an annuity distribution to Charles W. Ergen and 15,939,781 Class B shares to Telluray Holdings, LLC, in exchange for membership units issued to the GRAT by Telluray Holdings.

What happened to the Ergen Two-Year July 2024 SATS GRAT after the EchoStar (ECHO) transfer?

After transferring its 18,561,842 Class B shares, the Ergen Two-Year July 2024 SATS GRAT held no Class B shares and expired in accordance with its terms. The trust’s termination followed the annuity distribution and contribution to Telluray Holdings, LLC.

How are EchoStar (ECHO) Class B shares related to Class A shares in this Form 4?

The holder of Class B shares may convert any or all Class B shares into an equal number of Class A shares at any time for no additional consideration, making the 18,561,842 Class B shares economically equivalent to the same number of Class A shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ergen Two-Year July 2024 SATS GRAT

(Last) (First) (Middle)

C/O ECHOSTAR CORPORATION

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ ECHO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	07/10/2026		G(2)			18,561,842	(1)	(1)	Class A Common Stock	18,561,842	$0	0	D

Explanation of Responses:

1. 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.

2. 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.

	/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year July 2024 SATS GRAT, by Daniel W. Conroy, Attorney-in-Fact	07/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)