When does the Ergen Two-Year June 2025 SATS GRAT related to EchoStar expire?

The Ergen Two-Year June 2025 SATS GRAT is scheduled to expire on June 26, 2027. This timing is specified in the footnote describing the annuity distribution of 2,316,533 Class B shares and the remaining 14,483,467 shares held by the GRAT.

Ergen Two-Year June 2025 SATS GRAT (SATS) gifts 2.32M EchoStar shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ergen Two-Year June 2025 SATS GRAT, a major holder of EchoStar, reported a bona fide gift of 2,316,533 shares of Class B Common Stock to Charles W. Ergen as an annuity payment. After this distribution, the GRAT holds 14,483,467 Class B shares and is scheduled to expire on June 26, 2027.

Insider Trade Summary

2,316,533 shares gifted

Mixed 1 txn

Insider Ergen Two-Year June 2025 SATS GRAT

Role null

Type	Security	Shares	Price	Value
Gift	Class B Common Stock	2,316,533	$0.00	--

Holdings After Transaction: Class B Common Stock — 14,483,467 shares (Direct, null)

Footnotes (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 June 2025 SATS GRAT (the "2025 June GRAT"), on June 26, 2026, the 2025 June GRAT distributed 2,316,533 Class B shares held by the 2025 June GRAT to Mr. Charles W. Ergen as an annuity payment. Following this distribution, the 2025 June GRAT holds 14,483,467 Class B shares. The 2025 June GRAT is scheduled to expire in accordance with its terms on June 26, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 June GRAT.

Key Figures

Shares gifted: 2,316,533 shares Shares held after gift: 14,483,467 shares Transaction code: G (bona fide gift) +2 more

5 metrics

Shares gifted 2,316,533 shares Class B Common Stock gifted on June 26, 2026 as annuity payment

Shares held after gift 14,483,467 shares Class B Common Stock remaining in Ergen Two-Year June 2025 SATS GRAT

Transaction code G (bona fide gift) Form 4 derivative transaction classification

GRAT expiry date June 26, 2027 Scheduled expiration of Ergen Two-Year June 2025 SATS GRAT

Gifted derivative shares 2,316,533 underlying shares Underlying Class A Common Stock corresponding to Class B derivative

Key Terms

bona fide gift, Class B Common Stock, Class A Common Stock, annuity payment, +1 more

5 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.

Class B Common Stock financial

"security_title: Class B Common Stock"

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

"underlying_security_title: Class A Common Stock"

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 2,316,533 Class B shares held by the 2025 June GRAT to Mr. Charles W. Ergen as an annuity payment"

GRAT financial

"Pursuant to the terms of the Ergen Two-Year June 2025 SATS GRAT (the "2025 June GRAT")"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 07:01 PM Accepted by SEC EDGAR 06/30/2026 - 07:00 PM

SEC Form 4

FORM 4

UNITED 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 June 2025 SATS GRAT

(Last)

(First)

(Middle)

C/O ECHOSTAR CORPORATION

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD

COLORADO

80112

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ ECHO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	06/26/2026		G⁽²⁾			2,316,533	⁽¹⁾	⁽¹⁾	Class A Common Stock	2,316,533	$0	14,483,467	D

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 June 2025 SATS GRAT (the "2025 June GRAT"), on June 26, 2026, the 2025 June GRAT distributed 2,316,533 Class B shares held by the 2025 June GRAT to Mr. Charles W. Ergen as an annuity payment. Following this distribution, the 2025 June GRAT holds 14,483,467 Class B shares. The 2025 June GRAT is scheduled to expire in accordance with its terms on June 26, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 June GRAT.

	Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year June 2025 SATS GRAT, by Daniel W. Conroy, Attorney-in-Fact	06/30/2026
	** Signature of Reporting Person	Date
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 insider transaction did the Ergen Two-Year June 2025 SATS GRAT report for SATS?

The Ergen Two-Year June 2025 SATS GRAT reported a bona fide gift transfer of 2,316,533 shares of EchoStar Class B Common Stock to Charles W. Ergen as an annuity payment, rather than an open-market sale or purchase.

How many EchoStar Class B shares did the Ergen 2025 June GRAT distribute to Charles W. Ergen?

The Ergen Two-Year June 2025 SATS GRAT distributed 2,316,533 Class B Common Stock shares to Charles W. Ergen. This distribution was treated as an annuity payment from the GRAT and coded as a bona fide gift on the Form 4.

How many EchoStar shares does the Ergen Two-Year June 2025 SATS GRAT hold after the reported gift?

Following the distribution of 2,316,533 Class B shares to Charles W. Ergen, the Ergen Two-Year June 2025 SATS GRAT continues to hold 14,483,467 Class B Common Stock shares, according to the Form 4 disclosure and accompanying footnote description.

Does the EchoStar Form 4 reflect a market sale or purchase by the Ergen 2025 June GRAT?

The Form 4 reflects no market sale or purchase. It shows a single transaction coded as a bona fide gift, where the Ergen Two-Year June 2025 SATS GRAT distributed 2,316,533 Class B shares to Charles W. Ergen as part of an annuity payment obligation.

Can the EchoStar Class B shares held by the Ergen 2025 June GRAT be converted into Class A shares?

Yes. 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, according to the Form 4 footnote disclosure.