BlackRock discloses 16,237,931 EchoStar shares; 10.4% stake

Rhea-AI Filing Summary

BlackRock, Inc. filed an amendment to a Schedule 13G disclosing beneficial ownership of 16,237,931 shares of EchoStar CORP common stock, representing 10.4% of the class. The filing shows BlackRock has sole voting power over 15,780,809 shares and sole dispositive power over all 16,237,931 shares. The statement indicates the shares are held by certain business units of BlackRock and are owned in the ordinary course of business, not for the purpose of changing or influencing control. The filing is signed by Spencer Fleming, Managing Director, and includes exhibits for Power of Attorney and Item 7 details.

Positive

• 16,237,931 shares disclosed, providing clear ownership transparency
• 10.4% stake is explicitly reported, meeting material ownership disclosure thresholds
• 15,780,809 shares reported with sole voting power, clarifying voting control
• Filing states holdings are in the ordinary course of business, classified under Schedule 13G

Negative

• None.

Insights

Institutional Ownership Analyst

BlackRock holds a material 10.4% stake in EchoStar.

BlackRock reports beneficial ownership of 16,237,931 shares, a meaningful block representing 10.4% of EchoStar's common stock. The filing disaggregates ownership to certain reporting business units and reports 15,780,809 shares with sole voting power, indicating centralized voting control within BlackRock for most of the stake.

This is a Section 13G filing amendment stating holdings are in the ordinary course of business and not intended to influence control; the classification and exhibits clarify filing mechanics rather than strategic intent.

Corporate Governance Expert

Filing asserts passive intent; voting and disposition powers are largely sole-held.

The certification states the position is held in the ordinary course of business and not for changing control, consistent with a passive 13G posture. However, the record shows sole voting power for 15,780,809 shares and sole dispositive power for 16,237,931 shares, which are explicit governance-relevant facts disclosed in the filing.

If investors seek further detail on specific business units or voting plans, Exhibit 99 and the referenced exhibits are the disclosed sources for that information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

EchoStar CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

278768106

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 278768106

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,780,809.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,237,931.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,237,931.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.4 %

12

Type of Reporting Person (See Instructions)

HC, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EchoStar CORP
(b)	Address of issuer's principal executive offices: 9601 SOUTH MERIDIAN BOULEVARD, ENGLEWOOD, COLORADO, 80112
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 278768106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 16,237,931
(b)	Percent of class: 10.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15,780,809
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 16,237,931
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of EchoStar CORP. No one person's interest in the common stock of EchoStar CORP is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	10/03/2025

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

How many EchoStar (SATS) shares does BlackRock report owning?

BlackRock reports beneficial ownership of 16,237,931 shares of EchoStar common stock.

What percentage of EchoStar does BlackRock's holding represent?

The filing states the holdings represent 10.4% of EchoStar's common stock class.

How many of the shares have voting power under BlackRock's control?

BlackRock reports 15,780,809 shares with sole voting power and 0 shares with shared voting power.

Does the Schedule 13G amendment indicate BlackRock intends to influence control of EchoStar?

No. The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who signed the Schedule 13G amendment for BlackRock?

The filing is signed by Spencer Fleming, Managing Director, dated 10/03/2025.