Ergen SATS GRAT gifts 2.32M EchoStar Class B shares
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
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
Gift
1 txn
Insider
Ergen Two-Year June 2025 SATS GRAT
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 2,316,533 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 14,483,467 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 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")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
