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EchoStar (SATS) GRAT gifts 1.9M Class B shares to Ergen

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EchoStar CORP’s Ergen Two-Year May 2025 SATS GRAT, a ten percent owner, reported a bona fide gift of 1,902,790 shares of Class B Common Stock on May 13, 2026. The distribution was made to Mr. Ergen as an annuity payment under the trust’s terms.

After this transfer, the 2025 May GRAT continues to hold 23,097,210 Class B shares. Each Class B share may be converted into an equal number of Class A shares at any time for no additional consideration. The 2025 May GRAT is scheduled to expire on May 13, 2027, and Mrs. Cantey M. Ergen serves as its trustee.

Positive

  • None.

Negative

  • None.
Insider Ergen Two-Year May 2025 SATS GRAT
Role null
Type Security Shares Price Value
Gift Class B Common Stock 1,902,790 $0.00 --
Holdings After Transaction: Class B Common Stock — 23,097,210 shares (Direct, null)
Footnotes (1)
  1. 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. Pursuant to the terms of the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT"), on May 13, 2026, the 2025 May GRAT distributed 1,902,790 Class B shares held by the 2025 May GRAT to Mr. Ergen as an annuity payment. Following this distribution,the 2025 May GRAT holds 23,097,210 Class B shares. The 2025 May GRAT is scheduled to expire in accordance with its terms on May 13, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 May GRAT.
Gifted shares 1,902,790 shares Class B Common Stock gifted on May 13, 2026
Shares held after transaction 23,097,210 shares Class B Common Stock remaining in 2025 May GRAT
Transaction type Bona fide gift (Code G) Gift transfer from 2025 May GRAT to Mr. Ergen
GRAT expiration date May 13, 2027 Scheduled expiration of Ergen Two-Year May 2025 SATS GRAT
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.
GRAT financial
"Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT")"
Class B Common Stock financial
"distributed 1,902,790 Class B shares held by the 2025 May GRAT"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convert any or all of its Class B shares into an equal number of Class A shares"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
annuity payment financial
"distributed 1,902,790 Class B shares ... to Mr. Ergen as an annuity payment"
ten percent owner financial
"reporting person is marked as a ten percent owner"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
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 May 2025 SATS GRAT
(Last)(First)(Middle)
C/O ECHOSTAR CORPORATION
9601 S. MERIDIAN BLVD.
(Street)
ENGLWOOD COLORADO 80112
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ SATS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(1)05/13/2026G(2)1,902,790 (1) (1)Class A Common Stock1,902,790$023,097,210D
Explanation of Responses:
1. 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.
2. Pursuant to the terms of the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT"), on May 13, 2026, the 2025 May GRAT distributed 1,902,790 Class B shares held by the 2025 May GRAT to Mr. Ergen as an annuity payment. Following this distribution,the 2025 May GRAT holds 23,097,210 Class B shares. The 2025 May GRAT is scheduled to expire in accordance with its terms on May 13, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 May GRAT.
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year May 2025 SATS GRAT, by Dean A. Manson, Attorney-in-Fact05/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did the Ergen Two-Year May 2025 SATS GRAT report in the latest EchoStar (SATS) Form 4?

The Ergen Two-Year May 2025 SATS GRAT reported a bona fide gift of 1,902,790 Class B EchoStar shares on May 13, 2026, distributed to Mr. Ergen as an annuity payment under the trust’s terms.

How many EchoStar (SATS) shares does the 2025 May GRAT hold after the reported gift?

Following the distribution, the 2025 May GRAT holds 23,097,210 Class B EchoStar shares. These remaining shares continue within the trust structure, with the reported transaction reflecting only part of its overall Class B holdings.

What is the nature of the EchoStar (SATS) transaction reported by the 2025 May GRAT?

The transaction is classified as a G code bona fide gift involving Class B Common Stock. It represents a gift transfer, not an open-market sale or purchase, and is tied to the trust’s annuity obligations to Mr. Ergen.

Can the EchoStar (SATS) Class B shares held by the 2025 May GRAT be converted?

Yes. The holder of the Class B shares may elect to convert any or all of them into an equal number of Class A shares at any time for no additional consideration, providing flexibility in how the position is held.

Who serves as trustee of the Ergen Two-Year May 2025 SATS GRAT holding EchoStar (SATS) shares?

The trustee of the Ergen Two-Year May 2025 SATS GRAT is Mrs. Cantey M. Ergen. She oversees the trust’s EchoStar Class B share holdings and the distributions made as annuity payments under its established terms.