State Street Corporation reported a significant ownership position in EchoStar Corp common stock. State Street and its investment management subsidiaries beneficially owned 10,669,170 shares of EchoStar common stock, representing 6.7% of the class as of June 30, 2026.
The filing states that State Street had no sole voting or dispositive power over these shares. Instead, it held shared voting power over 8,299,601 shares and shared dispositive power over 10,661,974 shares, reflecting holdings managed across several affiliated entities, including SSGA Funds Management, Inc. and various State Street Global Advisors entities.
Hamid Akhavan filed a notice to sell 26,567 Class A shares of ECHO through Fidelity Brokerage Services on August 6, 2026, related to a stock option exercise with sales on NASDAQ. The filing also lists several sizeable Class A share sales during the prior three months.
Hamid Akhavan filed to sell up to 26,563 Class A shares of ECHO through Fidelity Brokerage Services LLC on or after August 5, 2026, following a stock option exercise for cash. The filing also reports sales in the prior three months: 52,586 Class A shares on June 5, 2026 for $6,362,906.00, and 52,000 Class A shares on August 4, 2026 for $4,659,231.20.
Investor Hamid Akhavan filed to sell 52,000 Class A shares of ECHO on NASDAQ on August 4, 2026, following a stock option exercise, with Fidelity Brokerage Services LLC listed as broker. A prior sale of 52,586 Class A shares occurred on June 5, 2026.
EchoStar Corporation’s subsidiary Hughes Satellite Systems Corporation and several U.S. affiliates have commenced Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the Southern District of Texas to address maturing secured and unsecured debt and restructure operations. The companies are seeking joint administration of the cases and court authorization to continue operating as debtors-in-possession, and have filed customary first-day motions aimed at maintaining ordinary-course operations and minimizing disruption for customers and employees. Hughes states it has sufficient liquidity to fund near-term operations and plans to use existing cash while working to right-size its balance sheet and refocus on enterprise, government and defense markets.
The Chapter 11 filings constitute an event of default under HSSC’s 5.25% Senior Secured Notes due 2026 and 6.625% Senior Notes due 2026, triggering automatic acceleration of obligations, though enforcement is stayed under the Bankruptcy Code. EchoStar, its non-Hughes subsidiaries and Hughes’ international subsidiaries are not included in the filing. HSSC also announced leadership changes, including the retirement-related resignation of director and officer Paul Gaske, the appointment of Robert Del Genio as Chief Restructuring Officer, and the formation of an independent Special Committee to review related party transactions with EchoStar.
EchoStar Corporation reported sharply higher profitability for the quarter ended June 30, 2026, driven by a non‑cash deconsolidation gain of 9,728,958 (dollars in thousands) from removing DISH DBS and DISH Wireless entities from consolidation following their Prepackaged Chapter 11 Cases. Quarterly revenue was 3,576,164 (dollars in thousands), modestly below the prior year, but operating income improved to 512,938 (dollars in thousands) from an operating loss a year earlier.
EchoStar is executing major spectrum monetization and deleveraging transactions. The AT&T License Purchase Agreement closed on July 28, 2026, providing $20.250 billion in cash proceeds and a 99‑year lease extension, enabling repayment or redemption of multiple obligations, including $2.0 billion of DISH DBS 7 3/4% Senior Notes and $3.5 billion of DISH Network 11 3/4% Senior Secured Notes due 2027, and extinguishing a $4.767 billion intercompany loan tranche. EchoStar states that, after this closing and FCC confirmation that re‑auction payments are satisfied, substantial doubt about its ability to continue as a going concern no longer exists.
Under the amended SpaceX License Purchase Agreement, total consideration for AWS‑4, H‑Block and AWS‑3 spectrum is approximately $20 billion, with up to $11 billion payable in SpaceX Class A common stock valued at $42.40 per share (about 261.8 million shares). As of June 30, 2026, Seller Notes principal of $9.821 billion remained outstanding but is expected to be repaid at the targeted Spectrum Acquisition Closing around November 30, 2027, and interim debt service payments of about $828 million were recorded as long‑term deferred revenue. Following deconsolidation, EchoStar’s continuing operations center on Wireless and Broadband and Satellite Services, serving 6.391 million Pay‑TV, 7.375 million Wireless and 622,000 Broadband subscribers as of June 30, 2026.
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.
EchoStar Corporation’s principal shareholders, Charles and Cantey Ergen and related entities, report updated cumulative ownership as of July 29, 2026. Charles Ergen is deemed to beneficially own 148,681,347 EchoStar shares, representing 50.9% of the Class A common stock, while Cantey Ergen is deemed to own 147,197,377 shares, or 50.7%.
These percentages are calculated against 159,154,243 Class A shares outstanding, assuming conversion of the Class B shares and exercisable options beneficially owned by each of them within 60 days. Because Class B shares carry 10 votes, each of Charles and Cantey Ergen may be deemed to hold approximately 90.3% of EchoStar’s voting power, with effective voting power in such circumstances of 89.4% and 89.3%, respectively, under an Amended and Restated Support Agreement. Telluray Holdings, LLC, a Wyoming entity within the group, beneficially owns 78,807,979 shares, equal to 33.5% of Class A and approximately 52.1% of EchoStar voting power, with effective voting power of approximately 51.9% under the same agreement. On July 29, 2026, the Ergen Two-Year July 2025 SATS GRAT distributed 1,502,440 Class B shares to Charles Ergen as an annuity payment, leaving that GRAT with 6,497,560 Class B shares and scheduled to expire on July 29, 2027. Trust agreements for the GRATs restrict dispositions of EchoStar shares unless a defined Change of Control Event occurs.
BlackRock, Inc. filed an amended beneficial ownership report for EchoStar Corp Class A Stock. BlackRock reports beneficial ownership of 10,564,121 shares, representing 6.7% of the class. It has sole voting power over 9,946,119 shares and sole dispositive power over 10,564,121 shares, with no shared voting or dispositive power.
The filing notes that various underlying clients and investors have the right to receive dividends or sale proceeds from these shares, but no single person has an interest exceeding 5% of EchoStar’s outstanding common shares. The reported holdings reflect only certain BlackRock business units grouped as “Reporting Business Units.”