Telluray Holdings (SATS) receives 2.93M Class B EchoStar shares in GRAT transfer
Rhea-AI Filing Summary
Telluray Holdings, LLC, a more than 10% owner of EchoStar CORP, reported updated holdings in EchoStar stock. It now directly holds 2,350,696 shares of Class A Common Stock and 60,517,502 shares of Class B Common Stock.
On May 13, 2026, an entity called the Ergen Two-Year May 2024 SATS GRAT transferred 2,925,750 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, a non-market restructuring transaction. The Class B shares may be converted into an equal number of Class A shares at any time for no additional consideration. Footnotes state that Mrs. Cantey M. Ergen has sole voting power over these shares, while she and Mr. Charles W. Ergen share dispositive power as managers of Telluray Holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Telluray Holdings, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Common Stock | 2,925,750 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 60,517,502 shares (Direct);
Class A Common Stock — 2,350,696 shares (Direct)
Footnotes (3)
- F1. Mr. Charles W. Ergen and his spouse, Mrs. Cantey M. Ergen, serve as managers of Telluray Holdings, LLC ("Telluray Holdings"). Mrs. Ergen, as a manager of Telluray Holdings, has sole voting power over the shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the shares of Class A Common Stock and Class B Common Sock held by Telluray Holdings.
- F2. 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.
- F3. On May 13, 2026, the Ergen Two-Year May 2024 SATS GRAT contributed 2,925,750 Class B shares to the Reporting Person in exchange for membership units in the Reporting Person.
Key Figures
Class A shares held: 2,350,696 shares
Class B shares transferred: 2,925,750 shares
Class B shares held: 60,517,502 shares
+2 more
5 metrics
Class A shares held
2,350,696 shares
Class A Common Stock directly held after reported transactions
Class B shares transferred
2,925,750 shares
Class B shares contributed by Ergen Two-Year May 2024 SATS GRAT
Class B shares held
60,517,502 shares
Class B Common Stock directly held after restructuring
Conversion price
$0.00
Class B may convert into Class A for no additional consideration
Restructuring shares
2,925,750 shares
Shares involved in J-code other acquisition or disposition
Key Terms
Class B Common Stock, GRAT, membership units, dispositive power, +1 more
5 terms
Class B Common Stock financial
"The holder of the Class B shares may elect to convert any or all of its Class B shares"
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.
GRAT financial
"the Ergen Two-Year May 2024 SATS GRAT contributed 2,925,750 Class B shares"
membership units financial
"contributed 2,925,750 Class B shares to the Reporting Person in exchange for membership units"
dispositive power financial
"Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Class A Common Stock financial
"shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings"
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.
FAQ
What did Telluray Holdings report in this EchoStar (SATS) Form 4?
Telluray Holdings, LLC reported updated ownership of EchoStar stock. It holds 2,350,696 Class A shares and 60,517,502 Class B shares after an internal transfer of 2,925,750 Class B shares from a GRAT in exchange for membership units.
What are Telluray Holdings’ EchoStar Class A and Class B holdings now?
Telluray Holdings now directly holds 2,350,696 shares of EchoStar Class A Common Stock and 60,517,502 shares of Class B Common Stock. These amounts reflect the contribution of 2,925,750 Class B shares from the Ergen Two-Year May 2024 SATS GRAT.
Was this EchoStar (SATS) Form 4 a market buy or sell by Telluray Holdings?
The main transaction is coded “J” for other acquisition or disposition. A footnote explains that 2,925,750 Class B shares were contributed by a GRAT to Telluray Holdings in exchange for membership units, indicating an internal restructuring rather than an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
