EchoStar Corporation completed the previously announced sale of all 3.45 GHz and 600 MHz spectrum licenses held by its seller parties to AT&T Mobility II LLC, a subsidiary of AT&T Inc. At the closing, the seller received $20,250,000,000 in proceeds, and the buyer deposited an additional $2,400,000,000 into a mandated FCC trust to satisfy specified creditor claims tied to the transferred licenses. The parties also agreed to a 99‑year extension of existing leases for the buyer’s exclusive use of certain wireless spectrum licenses in Hawaii.
In connection with these transactions and DISH DBS Corporation’s deleveraging plans, DISH DBS fully repaid $2,000,000,000 aggregate principal of its 7.75% Senior Notes due July 1, 2026, pursuant to authorization from the U.S. Bankruptcy Court for the Southern District of Texas. All amounts outstanding under a 2021 loan from DISH DBS to DISH Network Corporation were satisfied in full, and approximately $3.686 billion of 11 3/4% Senior Secured Notes due November 15, 2027, issued by DISH Network Corporation, were redeemed in full at closing.
EchoStar Corp insiders Charles W. Ergen and Cantey M. Ergen reported a bona fide gift of 5,000,000 Class B shares on July 20, 2026, contributing them to the new Ergen Two-Year July 2026 ECHO GRAT, which can be converted into an equal number of Class A shares for no additional consideration.
After the transfer, Charles Ergen directly held 10,508 Class B and 11,140,269 Class A shares, alongside substantial indirect positions in Class B (convertible into Class A) through several GRATs, an LLC and family and charitable entities, where beneficial ownership is largely disclaimed except for their pecuniary interests.
An amended Schedule 13D for EchoStar Corp reports that Charles W. Ergen beneficially owns 148,681,347 EchoStar shares, representing 50.9 percent of the Class A Common Stock when his convertible Class B shares and exercisable options are included. Cantey M. Ergen beneficially owns 147,197,377 shares, or 50.7 percent of the Class A Common Stock on a similar basis.
These positions are measured against 159,143,226 Class A shares outstanding as of July 20, 2026. Because each Class B share carries 10 votes, each of Charles and Cantey Ergen may be deemed to beneficially own equity representing approximately 90.3 percent of EchoStar voting power, with effective voting power of about 89.4 percent and 89.3 percent, respectively, under an Amended and Restated Support Agreement that limits how certain Class A shares may be voted following the EchoStar–DISH merger.
The amendment also details holdings of several Ergen family grantor retained annuity trusts and Telluray Holdings, LLC, including a July 20, 2026 contribution of 5,000,000 Class B shares to the Ergen Two-Year July 2026 ECHO GRAT for estate planning purposes. Trust agreements restrict any disposition of trust-held EchoStar shares unless a defined Change of Control Event occurs.
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.
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.
EchoStar CORP insiders Charles W. and Cantey Ergen reported several transfers of Class B Common Stock on July 10, 2026. The Ergen Two-Year July 2024 SATS GRAT distributed 2,622,061 Class B shares to Mr. Ergen as an annuity and contributed 15,939,781 Class B shares to Telluray Holdings, LLC.
In addition, an indirect holder associated with the reporting persons made a bona fide gift of 18,561,842 Class B shares. After these transactions, a reported indirect Class B holding showed 76,457,283 shares, while Mr. Ergen’s direct Class B holding was 5,010,508 shares, with further Class B shares held in several two-year SATS GRATs scheduled to expire in 2027 and 2028.
EchoStar Corporation’s Schedule 13D amendment shows that the Ergen family and related entities continue to hold effective control of the company as of July 10, 2026. On a converted basis, Charles W. Ergen beneficially owns 148,681,347 shares, or 50.9% of the Class A common stock, and Cantey M. Ergen beneficially owns 147,197,377 shares, or 50.7%, each calculated from 159,134,547 Class A shares outstanding and assuming conversion of their Class B shares and exercisable options. Because Class B stock carries 10 votes per share, each may be deemed to beneficially own equity securities representing approximately 90.3% of EchoStar’s voting power. Telluray Holdings, LLC alone holds 78,807,979 shares, or 33.5% of the Class A common stock on a converted basis and about 52.1% of voting power.
On July 10, 2026, the Ergen Two‑Year July 2024 SATS GRAT distributed 2,622,061 Class B shares to Mr. Ergen as an annuity and contributed its remaining 15,939,781 Class B shares to Telluray Holdings, after which the trust expired. Trust agreements for the other GRATs restrict dispositions of EchoStar shares unless a defined Change of Control Event occurs. Under an Amended and Restated Support Agreement linked to the EchoStar–DISH merger, Mr. and Mrs. Ergen and Telluray Holdings have agreed for three years not to vote their Class A shares except in limited situations, leaving their effective voting power in those circumstances at about 89.4%, 89.3% and 51.9%, respectively.
EchoStar Corp ownership filing by FMR LLC reports beneficial ownership of 2,886,891.70 shares of Class A common stock, equal to 1.8% of the class. The filing lists sole voting power of 2,278,780.35 shares and sole dispositive power of 2,886,891.70 shares.
The filing is an amendment to a Schedule 13G and notes that other persons may have rights to dividends or sale proceeds but no other person holds more than 5% of the Class A shares.
EchoStar CORP EVP and CFO Paul W. Orban reported routine equity compensation activity. He received 297 restricted stock units that vest at 10% per year beginning on July 1, 2026, with each unit delivering one share of Class A Common Stock upon vesting.
The filing also shows 9 shares of Class A Common Stock withheld to cover tax obligations related to vested restricted stock units, a non‑market transaction. Following these updates, Orban holds 50,943 Class A shares directly and 37 shares indirectly through a 401(k) plan.
EchoStar director James DeFranco reported routine equity compensation activity in Class A Common Stock. He received a grant of 198 restricted stock units (RSUs), each representing one share to be issued upon vesting. The RSUs vest 25% per year beginning on July 1, 2026.
The filing also shows 16 shares withheld to cover tax obligations related to vesting of prior anniversary awards. Following these transactions, DeFranco directly holds 1,870 shares and has additional indirect holdings through retirement and partnership or LLC interests, some of which he disclaims beneficial ownership.