Ergen family reshapes EchoStar (ECHO) control via GRAT transfers and LLC

Rhea-AI Filing Summary

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.

Key Figures

Mr. Ergen beneficial ownership: 148,681,347 shares Mrs. Ergen beneficial ownership: 147,197,377 shares Shares outstanding: 159,134,547 shares +5 more

8 metrics

Mr. Ergen beneficial ownership 148,681,347 shares Represents 50.9% of Class A common stock on a converted basis as of July 10, 2026

Mrs. Ergen beneficial ownership 147,197,377 shares Represents 50.7% of Class A common stock on a converted basis as of July 10, 2026

Shares outstanding 159,134,547 shares Class A Common Stock outstanding as of July 10, 2026

Telluray Holdings stake 78,807,979 shares 2,350,696 Class A and 76,457,283 Class B; 33.5% of Class A on a converted basis

Mr. and Mrs. Ergen voting power approximately 90.3% Voting power each may be deemed to beneficially own due to 10‑vote Class B shares

Telluray voting power approximately 52.1% Voting power represented by Telluray Holdings’ Class A and Class B EchoStar shares

GRAT annuity distribution 2,622,061 shares Class B shares distributed to Charles Ergen from the July 2024 SATS GRAT on July 10, 2026

GRAT contribution to Telluray 15,939,781 shares Class B shares contributed from the July 2024 SATS GRAT to Telluray Holdings

Key Terms

beneficially owns, Change of Control Event, grantor retained annuity trusts, Continuing Director, +2 more

6 terms

beneficially owns regulatory

"Because each share of Class B Common Stock is entitled to 10 votes per share, Mr. Ergen may be deemed to beneficially own equity securities"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Change of Control Event regulatory

"Each of the trust agreements ... will not dispose of any shares of EchoStar ... unless a Change of Control Event occurs."

grantor retained annuity trusts financial

"created for estate planning purposes including without limitation the grantor retained annuity trusts"

A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.

Continuing Director regulatory

"For purposes of the definition of 'Change of Control Event' 'Continuing Director' means, as of any date of determination, any member"

Related Party regulatory

"'Related Party' means, (a) Charles W. Ergen's spouse and each of his immediate family members; (b) each trust, corporation"

A related party is a person or organization with close ties to a company — for example major shareholders, board members, executives, their family, or businesses they control — that can influence decisions or enter into transactions with the company. Investors watch related‑party dealings because they can create conflicts of interest or non‑market terms that affect fairness, the company’s finances and transparency; think of it like buying or selling something to a family member rather than on the open market.

Equity Interest financial

"'Equity Interest' means any capital stock of EchoStar and all warrants, options or other rights to acquire capital stock"

An equity interest is an ownership stake in a company that gives the holder a share of its assets, profits and sometimes voting power—think of owning a slice of a pie that grows or shrinks with the business. Investors care because the size and type of that stake determine how much they benefit from future gains, bear losses, receive dividends, or influence decisions, and it directly affects the value and risk of their investment.

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Available on EDGAR 07/14/2026 - 04:17 PM Accepted by SEC EDGAR 07/14/2026 - 04:17 PM Learn about SEC filing dates

FAQ

What percentage of EchoStar (ECHO) does Charles W. Ergen report owning?

Charles W. Ergen reports beneficial ownership of 148,681,347 shares, or 50.9% of EchoStar’s Class A common stock. This is based on 159,134,547 Class A shares outstanding and assumes conversion of his Class B shares and options exercisable within 60 days of July 10, 2026.

How much of EchoStar (ECHO) does Cantey M. Ergen beneficially own?

Cantey M. Ergen beneficially owns 147,197,377 shares, representing 50.7% of EchoStar’s Class A common stock on a converted basis. The calculation uses 159,134,547 Class A shares outstanding and assumes conversion of her Class B shares and options exercisable within 60 days of July 10, 2026.

What is the Ergen group’s voting power in EchoStar (ECHO)?

Because Class B shares carry 10 votes each, both Charles and Cantey Ergen may be deemed to beneficially own equity securities representing about 90.3% of EchoStar’s voting power. In certain circumstances under a support agreement, their effective voting power is about 89.4% and 89.3%, respectively.

What EchoStar (ECHO) shares are held by Telluray Holdings, LLC?

Telluray Holdings, LLC holds 78,807,979 shares (2,350,696 Class A and 76,457,283 Class B), equal to 33.5% of EchoStar’s Class A common stock on a converted basis. Those holdings represent about 52.1% of EchoStar’s voting power, or roughly 51.9% in certain limited voting circumstances.

What transaction did the July 2024 SATS GRAT report involving EchoStar (ECHO) shares?

On July 10, 2026, the Ergen Two‑Year July 2024 SATS GRAT distributed 2,622,061 Class B shares to Charles Ergen as an annuity and contributed the remaining 15,939,781 Class B shares to Telluray Holdings. After these transfers, the July 2024 GRAT expired in accordance with its terms.

How do the GRATs related to Charles W. Ergen restrict sales of EchoStar (ECHO) stock?

Trust agreements for the 2025 May, June and July SATS GRATs and the 2026 June SATS GRAT contain an irrevocable provision barring disposition of EchoStar shares unless a defined Change of Control Event occurs. If that event occurs, each trustee then has sole discretion over disposition of its EchoStar shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 67)

EchoStar CORP

(Name of Issuer)

Class A Common Stock, $0.001 par value per share

(Title of Class of Securities)

278768106

(CUSIP Number)

Jeffrey Blum, Acting CLO
9601 S. Meridian Blvd.,
Englewood, CO, 80112
303-723-1000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/10/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Charles W. Ergen

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 19,211,014.00
8	Shared Voting Power 129,470,333.00
9	Sole Dispositive Power 19,211,014.00
10	Shared Dispositive Power 129,470,333.00

11

Aggregate amount beneficially owned by each reporting person

148,681,347.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

50.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class A Common Stock, $0.001 par value per share ('Class A Common Stock') and Class B Common Stock, $0.001 par value per share ('Class B Common Stock') of EchoStar Corporation ('EchoStar'). The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Sole Voting Power and Sole Dispositive Power totals consist of: (i) 11,140,269 shares of Class A Common Stock beneficially owned directly by Mr. Ergen; (ii) 11,404 shares of Class A Common Stock beneficially owned indirectly by Mr. Ergen in the DISH Network Corporation ('DISH Network') 401(k) Employee Savings Plan (the 'DISH Network 401(k) Plan'); (iii) 5,010,508 shares of Class B Common Stock beneficially owned directly by Mr. Ergen; (iv) 1,497,478 shares of Class A Common Stock deemed to be beneficially owned under Rule 13d-3(d)(1) because Mr. Ergen has the right to acquire beneficial ownership of such shares within 60 days after July 10, 2026; and (v) 1,551,355 shares of Class A Common Stock held by CONX Corp. ('CONX') and beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC ('nXgen'), which controls CONX. (3) Shared Voting Power and Shared Dispositive Power totals consist of: (i) 2,000 shares of Class A Common Stock beneficially owned directly by Mr. Ergen's spouse, Cantey M. Ergen; (ii) 1,313 shares of Class A Common Stock beneficially owned indirectly by Mrs. Ergen in the DISH Network 401(k) Plan; (iii) 11,921 shares of Class A Common Stock beneficially owned by one of Mr. Ergen's children; (iv) 766,443 shares of Class A Common Stock beneficially owned by a charitable foundation for which Mr. Ergen is an officer and for which he shares voting and dispositive power with Mrs. Ergen; (v) 2,350,696 shares of Class A Common Stock and 76,457,283 shares of Class B Common Stock held by Telluray Holdings, LLC ('Telluray Holdings'), for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings; (vi) 23,097,210 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT"); (vii) 14,483,467 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year June 2025 SATS GRAT (the "2025 June GRAT"); (viii) 8,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year July 2025 SATS GRAT (the '2025 July GRAT'); and (ix) 4,300,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year June 2026 SATS GRAT (the "2026 June GRAT"). (4) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming the conversion of only the shares of Class B Common Stock beneficially owned by Mr. Ergen into Class A Common Stock and giving effect to the exercise of options held by Mr. Ergen that are either currently exercisable as of, or may become exercisable within 60 days after, July 10, 2026. Because each share of Class B Common Stock is entitled to 10 votes per share, Mr. Ergen may be deemed to beneficially own equity securities of EchoStar representing approximately 90.3 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock and giving effect to the exercise of options held by Mr. Ergen that are either currently exercisable as of, or may become exercisable within 60 days after, July 10, 2026). Pursuant to the Amended and Restated Support Agreement dated as of October 2, 2023 (the 'Amended Support Agreement', see Exhibit E), Mr. Ergen and certain other Reporting Persons have agreed not to vote, or cause or direct to be voted, the Class A Common Stock beneficially owned by them, other than with respect to any matter presented to the holders of Class A Common Stock on which holders of Class B Common Stock are not entitled to vote, for three years following the closing of the merger between EchoStar and DISH. As a result, Mr. Ergen's effective total voting power in such circumstances as of July 10, 2026 is approximately 89.4 percent.

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Cantey M. Ergen

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 128,705,477.00
8	Shared Voting Power 18,491,900.00
9	Sole Dispositive Power 49,897,498.00
10	Shared Dispositive Power 97,299,879.00

11

Aggregate amount beneficially owned by each reporting person

147,197,377.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

50.7 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class A Common Stock and Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Sole Voting Power shares consist of: (i) 2,000 shares of Class A Common Stock beneficially owned directly by Mrs. Ergen; (ii) 1,313 shares of Class A Common Stock beneficially owned indirectly by Mrs. Ergen in the DISH Network 401(k) Plan; (iii) 13,508 shares of Class A Common Stock deemed to be beneficially owned under Rule 13d-3(d)(1) because Mrs. Ergen has the right to acquire beneficial ownership of such shares within 60 days after July 10, 2026; (iv) 2,350,696 shares of Class A Common Stock and 76,457,283 shares of Class B Common Stock held by Telluray Holdings, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings; (v) 23,097,210 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2025 May GRAT; (vi) 14,483,467 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2025 June GRAT; (vii) 8,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the July 2025 GRAT; and (viii) 4,300,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2026 June GRAT. Mrs. Ergen exercises voting power with respect to Telluray Holdings and each of the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT and the 2026 June GRAT independently and, with respect to the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT, and the 2026 June GRAT, in accordance with her fiduciary responsibilities to the beneficiaries of such trusts. (3) Shared Voting Power shares consist of: (i) 11,140,269 shares of Class A Common Stock beneficially owned directly by Mrs. Ergen's spouse, Mr. Ergen; (ii) 11,404 shares of Class A Common Stock beneficially owned indirectly by Mr. Ergen in the DISH Network 401(k) Plan; (iii) 5,010,508 shares of Class B Common Stock beneficially owned directly by Mr. Ergen; (iv) 11,921 shares of Class A Common Stock beneficially owned by one of Mrs. Ergen's children; (v) 766,443 shares of Class A Common Stock beneficially owned by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; and (vi) 1,551,355 shares of Class A Common Stock held by CONX and beneficially owned indirectly by Mr. Ergen through nXgen, which controls CONX. (4) Sole Dispositive Power shares consist of: (i) 2,000 shares of Class A Common Stock beneficially owned directly by Mrs. Ergen; (ii) 1,313 shares of Class A Common Stock beneficially owned indirectly by Mrs. Ergen in the DISH Network 401(k) Plan; (iii) 13,508 shares of Class A Common Stock deemed to be beneficially owned under Rule 13d-3(d)(1) because Mrs. Ergen has the right to acquire beneficial ownership of such shares within 60 days after July 10, 2026; (iv) 23,097,210 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2025 May GRAT; (v) 14,483,467 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2025 June GRAT; (vi) 8,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the July 2025 GRAT; and (vii) 4,300,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the 2026 June GRAT. Mrs. Ergen exercises dispositive power with respect to each of the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT and the 2026 June GRAT independently and in accordance with her fiduciary responsibilities to the beneficiaries of such trusts. (5) Shared Dispositive Power shares consist of: (i) 11,140,269 shares of Class A Common Stock beneficially owned directly by Mrs. Ergen's spouse, Mr. Ergen; (ii) 11,404 shares of Class A Common Stock beneficially owned indirectly by Mr. Ergen in the DISH Network 401(k) Plan; (iii) 5,010,508 shares of Class B Common Stock beneficially owned directly by Mr. Ergen; (iv) 11,921 shares of Class A Common Stock beneficially owned by one of Mrs. Ergen's children; (v) 766,443 shares of Class A Common Stock beneficially owned by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; (vi) 2,350,696 shares of Class A Common Stock and 76,457,283 shares of Class B Common Stock held by Telluray Holdings, for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings; and (vii) 1,551,355 shares of Class A Common Stock held by CONX and beneficially owned indirectly by Mr. Ergen through nXgen, which controls CONX. (6) Percent of Class Represented is based on 159,134,547 of Class A Common Stock outstanding on July 10, 2026 and assuming the conversion of only the shares of Class B Common Stock beneficially owned by Mrs. Ergen into Class A Common Stock and giving effect to the exercise of options held by Mrs. Ergen that are either currently exercisable as of, or may become exercisable within 60 days after, July 10, 2026. Because each share of Class B Common Stock is entitled to 10 votes per share, Mrs. Ergen may be deemed to beneficially own equity securities of EchoStar representing approximately 90.3 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock and giving effect to the exercise of options held by Mrs. Ergen that are either exercisable as of, or may become exercisable within 60 days after, July 10, 2026). Pursuant to the Amended Support Agreement (see Exhibit E), Mrs. Ergen and certain other Reporting Persons have agreed not to vote, or cause or direct to be voted, the Class A Common Stock beneficially owned by them, other than with respect to any matter presented to the holders of Class A Common Stock on which holders of Class B Common Stock are not entitled to vote, for three years following the closing of the merger between EchoStar and DISH. As a result, Mrs. Ergen's effective total voting power in such circumstances as of July 10, 2026 is approximately 89.3 percent.

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Ergen Two-Year July 2024 SATS GRAT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.00 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Ergen Two-Year May 2025 SATS GRAT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 23,097,210.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 23,097,210.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

23,097,210.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming conversion of only the shares of Class B Common Stock beneficially owned by the 2025 May GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the 2025 May GRAT may be deemed to beneficially own would be approximately 8.0 percent. Because each share of Class B Common Stock is entitled to 10 votes per share, the 2025 May GRAT beneficially owns equity securities of EchoStar representing approximately 15.7 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock).

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Ergen Two-Year June 2025 SATS GRAT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 14,483,467.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 14,483,467.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

14,483,467.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming conversion of only the shares of Class B Common Stock beneficially owned by the 2025 June GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the 2025 June GRAT may be deemed to beneficially own would be approximately 5.0 percent. Because each share of Class B Common Stock is entitled to 10 votes per share, the 2025 June GRAT beneficially owns equity securities of EchoStar representing approximately 9.8 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock).

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Ergen Two-Year July 2025 SATS GRAT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,000,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,000,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,000,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming conversion of only the shares of Class B Common Stock beneficially owned by the 2025 July GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the 2025 July GRAT may be deemed to beneficially own would be approximately 2.8 percent. Because each share of Class B Common Stock is entitled to 10 votes per share, the 2025 July GRAT beneficially owns equity securities of EchoStar representing approximately 5.4 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock).

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Ergen Two-Year June 2026 SATS GRAT

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,300,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,300,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,300,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.6 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. (2) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming conversion of only the shares of Class B Common Stock beneficially owned by the 2026 June GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the 2026 June GRAT may be deemed to beneficially own would be approximately 1.5 percent. Because each share of Class B Common Stock is entitled to 10 votes per share, the 2026 June GRAT beneficially owns equity securities of EchoStar representing approximately 2.9 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock).

SCHEDULE 13D

CUSIP Number(s): 278768106

1

Name of reporting person

Telluray Holdings, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 78,807,979.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 78,807,979.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

78,807,979.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

33.5 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) All share amounts include shares of Class A Common Stock and Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time. Totals consist of: (i) 2,350,696 shares of Class A Common Stock; and (ii) 76,457,283 shares of Class B Common Stock, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings. (2) Percent of Class Represented is based on 159,134,547 shares of Class A Common Stock outstanding on July 10, 2026 and assuming conversion of only the shares of Class B Common Stock beneficially owned by Telluray Holdings into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that Telluray Holdings may be deemed to beneficially own would be approximately 27.1 percent. Because each share of Class B Common Stock is entitled to 10 votes per share, Telluray Holdings beneficially owns equity securities of EchoStar representing approximately 52.1 percent of the voting power of EchoStar (assuming no conversion of any Class B Common Stock). Pursuant to the Amended Support Agreement dated as of October 2, 2023 (see Exhibit E), Telluray Holdings and certain other Reporting Persons have agreed not to vote, or cause or direct to be voted, the Class A Common Stock beneficially owned by them, other than with respect to any matter presented to the holders of Class A Common Stock on which holders of Class B Common Stock are not entitled to vote, for three years following the closing of the merger between EchoStar and DISH. As a result, Telluray Holdings' effective total voting power in such circumstances as of July 10, 2026 is approximately 51.9 percent.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.001 par value per share
(b)	Name of Issuer: EchoStar CORP
(c)	Address of Issuer's Principal Executive Offices: 9601 South Meridian Boulevard, Englewood, COLORADO , 80112.
Item 2.	Identity and Background
(a)	Items 2(a)-(f) are amended and restated as follows: Charles W. Ergen Cantey M. Ergen Ergen Two-Year July 2024 SATS GRAT (the "2024 July GRAT") 2025 May GRAT 2025 June GRAT 2025 July GRAT 2026 June GRAT Telluray Holdings
(b)	The principal address for all Reporting Persons except Telluray Holdings, LLC is 9601 S. Meridian Blvd., Englewood, Colorado 80112. The principal address for Telluray Holdings is 1623 Central Avenue, Suite 214, Cheyenne, Wyoming 82001.
(c)	Mr. Ergen's principal occupation is Chairman, President and Chief Executive Officer of EchoStar. Mrs. Ergen is a Senior Advisor and member of the Board of Directors of EchoStar. All of the GRATs listed in 2(a) were formed under the laws of the State of Colorado and their principal business is to hold a portion of the assets and estate of Mr. Ergen. Telluray Holdings is a limited liability company organized under the laws of the State of Wyoming and its principal business is to hold a portion of the assets and estate of Mr. Ergen and to hold certain assets of certain trusts established for the benefit of his family.
(d)	During the last five years, none of the Reporting Persons in 2(a) have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons listed in 2(a) have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	United States
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and supplemented as follows: As described in Item 4 below, on July 10, 2026, the 2024 July GRAT contributed 15,939,781 shares of Class B Common Stock to Telluray Holdings in exchange for membership units in Telluray Holdings. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings. As a manager of Telluray Holdings, Mrs. Ergen has sole voting power over the shares of Class B Common Stock held by Telluray Holdings. As managers of Telluray Holdings, Mr. Ergen and Mrs. Ergen share dispositive power over the shares of Class B Common Stock held by Telluray Holdings. The Reporting Persons may from time to time acquire shares of Class A Common Stock for investment purposes. Such Class A Common Stock may be acquired with personal funds or funds borrowed by the Reporting Persons.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented as follows: During the third quarter of each year, Mr. Ergen receives an annuity amount from the 2024 July GRAT, assuming that the 2024 July GRAT has not expired. The number of shares of Class B Common Stock to be distributed as an annuity payment is based in part on the price of the Class A Common Stock on the distribution date and therefore cannot be calculated until the date of distribution. In addition to shares of Class B Common Stock, the annuity payments (and their associated timing) may include, and be based upon, amounts generated from the holdings of the 2024 July GRAT including, among other things, stock recapitalizations or dividends paid or payable with respect to the shares of Class B Common Stock held by the 2024 July GRAT. On July 10, 2026, the 2024 July GRAT: (i) distributed 2,622,061 shares of Class B Common Stock held by the 2024 July GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 15,939,781 shares of Class B Common Stock held by the 2024 July GRAT to Telluray Holdings, and the 2024 July GRAT expired in accordance with its terms. .
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(e) are hereby amended and supplemented as follows: This filing is for the cumulative share holdings of an affiliated group as of the close of business on July 10, 2026. See Items 11 and 13 of the cover pages to this Amendment No. 67 for the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons. The Reporting Persons' beneficial ownership of shares of Class A Common Stock excludes 313,649 shares of Class A Common Stock held by certain trusts established by Mr. Ergen for the benefit of his family. Mr. Ergen and Mrs. Ergen disclaim beneficial ownership of the 2,350,696 shares of Class A Common Stock and 76,457,283 shares of Class B Common Stock held by Telluray Holdings, except to the extent of their pecuniary interest. Mr. Ergen disclaims beneficial ownership of the 1,551,355 shares of Class A Common Stock held by CONX, except to the extent of his pecuniary interest.
(b)	See Items 7 through 10 of the cover pages to this Amendment No. 67 for the number of shares of Class A Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The Reporting Persons have not effected any transactions in the Class A Common Stock of EchoStar in the last sixty days other than: (i) as described herein; and (ii) as reflected in Amendment No. 64, Amendment No. 65 and Amendment No. 66 to this Schedule 13D.
(d)	Not applicable.
(e)	As described in Item 4 above, on July 10, 2026, the 2024 July GRAT: (i) distributed 2,622,061 of Class B Common Stock held by the 2024 July GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 15,939,781 shares of Class B Common Stock held by the 2024 July GRAT to Telluray Holdings, and the 2024 July GRAT expired in accordance with its terms.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended and supplemented as follows: Except as disclosed below, none of Mr. Ergen, Mrs. Ergen, the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT, the 2026 June GRAT or Telluray Holdings is a party to any contracts, arrangements, understandings or relationships, including but not limited to, transfer or voting of any of the securities, finders' fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies nor are any of the securities pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities. Each of the trust agreements for the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT and the 2026 June GRAT contains an irrevocable provision that provides that the trustee will not dispose of any shares of EchoStar held by the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT or the 2026 June GRAT, respectively, unless a Change of Control Event occurs. If a Change of Control Event occurs, the trustee of each of the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT and the 2026 June GRAT will have sole discretion with respect to the disposition of any shares of EchoStar held by the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT and the 2026 June GRAT, respectively. A 'Change of Control Event' will occur if: (i) as the result of a transaction or a series of transactions any person other than Charles W. Ergen (or a Related Party) individually owns more than fifty percent (50 percent) of the total equity interests of either (A) EchoStar or (B) the surviving entity in any such transaction(s) or a controlling affiliate of such surviving entity in such transaction(s); and (ii) a majority of the members of the Board of Directors of EchoStar are no longer Continuing Directors; and (iii) as the result of a transaction or a series of transactions any person other than Charles W. Ergen (or a Related Party) individually owns more than fifty percent (50 percent) of the total voting power of either (A) EchoStar or (B) the surviving entity in any such transaction(s) or a controlling affiliate of such surviving entity in such transaction(s); and (iv) Charles W. Ergen sells Equity Interests such that he owns beneficially less than 50 percent of the total equity interests that he owned beneficially immediately following the grant of shares to the 2025 May GRAT, the 2025 June GRAT, the 2025 July GRAT or the 2026 June GRAT, as applicable. For purposes of the definition of 'Change of Control Event' 'Continuing Director' means, as of any date of determination, any member of the Board of Directors of EchoStar who: (a) was a member of such Board of Directors on the date on which the applicable grantor retained annuity trust was established; or (b) was nominated for election or elected to such Board of Directors either (x) with the affirmative vote of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election or (y) by Charles W. Ergen and his Related Parties. 'Equity Interest' means any capital stock of EchoStar and all warrants, options or other rights to acquire capital stock of EchoStar (but excluding any debt security that is convertible into, or exchangeable for, capital stock of EchoStar). 'Related Party' means, (a) Charles W. Ergen's spouse and each of his immediate family members; (b) each trust, corporation, partnership or other entity of which Charles W. Ergen beneficially holds an eighty percent (80 percent) or more controlling interest or that was created for estate planning purposes including without limitation the grantor retained annuity trusts; and (c) the personal representatives, administrators, executor, guardians, or any person(s) or entit(ies) to which Charles W. Ergen's shares of EchoStar are transferred as a result of a transfer by will or the applicable laws of descent and distribution.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Agreement of Joint Filing (incorporated by reference from Exhibit A to the Reporting Person's Schedule 13D dated June 15, 2026 and filed with the Securities and Exchange Commission on June 17, 2026) Exhibit B: Power of Attorney for Charles W. Ergen (incorporated by reference from Exhibit B to the Reporting Person's Schedule 13D dated November 30, 2020 and filed with the Securities and Exchange Commission on December 1, 2020) Exhibit C: Power of Attorney for Cantey M. Ergen (incorporated by reference from Exhibit C to the Reporting Person's Schedule 13D dated November 30, 2020 and filed with the Securities and Exchange Commission on December 1, 2020) Exhibit D: Power of Attorney for Telluray Holdings, LLC (incorporated by reference from Exhibit J to the Reporting Person's Schedule 13D dated November 30, 2020 and filed with the Securities and Exchange Commission on December 1, 2020) Exhibit E: Amended and Restated Support Agreement dated as of October 2, 2023 (incorporated by reference from Exhibit 10.1 to the Current Report on Form 8-K of EchoStar Corporation dated October 3, 2023 and filed with the Securities and Exchange Commission on October 3, 2023 (File No. 001-33807)) Exhibit F: Registration Rights Agreement, dated as of December 31, 2023, among EchoStar Corporation, Charles W. Ergen, Cantey M. Ergen and other signatories thereto (incorporated by reference from Exhibit 10.1 to the Current Report on Form 8-K of EchoStar Corporation dated December 31, 2023 and filed with the Securities and Exchange Commission on January 2, 2024 (File No. 001-33807)) Exhibit G: Power of Attorney for Two-Year July 2024 SATS GRAT (incorporated by reference from Exhibit M to the Reporting Person's Schedule 13D dated July 10, 2024 and filed with the Securities and Exchange Commission on July 12, 2024) Exhibit H: Power of Attorney for Two-Year May 2025 SATS GRAT (incorporated by reference from Exhibit L to the Reporting Person's Schedule 13D dated May 13, 2025 and filed with the Securities and Exchange Commission on May 15, 2025) Exhibit I: Power of Attorney for Two-Year June 2025 SATS GRAT (incorporated by reference from Exhibit L to the Reporting Person's Schedule 13D dated June 26, 2025 and filed with the Securities and Exchange Commission on June 30, 2025) Exhibit J: Power of Attorney for Two-Year July 2025 SATS GRAT (incorporated by reference from Exhibit L to the Reporting Person's Schedule 13D dated July 29, 2025 and filed with the Securities and Exchange Commission on July 31, 2025) Exhibit K: Power of Attorney for Two-Year June 2026 SATS GRAT (incorporated by reference from Exhibit K to the Reporting Person's Schedule 13D dated June 15, 2026 and filed with the Securities and Exchange Commission on June 17, 2026)

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Charles W. Ergen

Signature:	/s/ Robert J. Hooke
Name/Title:	Charles W. Ergen by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Cantey M. Ergen

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Ergen Two-Year July 2024 SATS GRAT

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Trustee by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Ergen Two-Year May 2025 SATS GRAT

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Trustee by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Ergen Two-Year June 2025 SATS GRAT

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Trustee by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Ergen Two-Year July 2025 SATS GRAT

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Trustee by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Ergen Two-Year June 2026 SATS GRAT

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Trustee by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026

Telluray Holdings, LLC

Signature:	/s/ Robert J. Hooke
Name/Title:	Cantey M. Ergen, Manager by Robert J. Hooke, attorney-in-fact
Date:	07/14/2026