EchoStar trust gifts 1.9M Class B shares
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.
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 Trade Summary
1,902,790 shares gifted
Gift
1 txn
Insider
Ergen Two-Year May 2025 SATS GRAT
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,902,790 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 23,097,210 contracts (Direct)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Gifted shares: 1,902,790 shares
Shares held after transaction: 23,097,210 shares
Transaction type: Bona fide gift (Code G)
+1 more
4 metrics
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
Key Terms
bona fide gift, GRAT, Class B Common Stock, Class A Common Stock, +2 more
6 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.
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"
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
