Dodge & Cox Reports Beneficial Ownership of 13,398,270 EchoStar Shares

Rhea-AI Filing Summary

Dodge & Cox filed a Schedule 13G/A reporting beneficial ownership of 13,398,270 shares of EchoStar Corporation (ticker SATS), equal to 8.6% of the Class A common stock. The filing shows sole voting power for 12,739,208 shares and sole dispositive power for 13,398,270 shares, with no shared voting or dispositive power. The Dodge & Cox Stock Fund holds 9,301,409 shares (6.0%). The report states the shares were acquired and are held in the ordinary course of business and includes a certification signed by Katherine M. Primas, Chief Compliance Officer, dated 08/13/2025.

Positive

• Filer discloses a material institutional stake of 13,398,270 shares representing 8.6% of EchoStar Class A common stock.
• The filing shows sole voting power over 12,739,208 shares and sole dispositive power over 13,398,270 shares, indicating centralized control of voting and disposition decisions by Dodge & Cox.

Negative

• None.

Insights

Financial Analyst

TL;DR: Dodge & Cox reports an 8.6% beneficial stake (13.4M shares) in EchoStar with concentrated sole voting and dispositive power.

The Schedule 13G/A discloses that Dodge & Cox beneficially owns 13,398,270 shares (8.6%). Reported sole voting power is 12,739,208 shares and sole dispositive power is 13,398,270 shares, with no shared powers. The filing explicitly states these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The Dodge & Cox Stock Fund holds 9,301,409 shares (6.0%), representing the largest identified managed account position in the filing.

Corporate Governance Expert

TL;DR: A significant institutional holding is disclosed, but the filer affirms no intent to influence corporate control.

Dodge & Cox's report qualifies as material disclosure because it exceeds the 5% threshold and centralizes voting and dispositive authority within the firm. That concentration means Dodge & Cox controls disposition decisions for the reported shares, though the certification states the position is held in the ordinary course and not to affect control. The filing also identifies the Dodge & Cox Stock Fund with 9,301,409 shares (6.0%), which is relevant for aggregate ownership analysis.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

EchoStar Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

278768106

(CUSIP Number)

06/30/2025

(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

Dodge & Cox

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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,739,208.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,398,270.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,398,270.00

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)

8.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EchoStar Corporation
(b)	Address of issuer's principal executive offices: 9601 South Meridian Boulevard, Englewood, Colorado 80112
Item 2.
(a)	Name of person filing: Dodge & Cox
(b)	Address or principal business office or, if none, residence: 555 California Street 40th Floor, San Francisco, CA 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Class A 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: 13,398,270
(b)	Percent of class: 8.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 12,739,208
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 13,398,270
	(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. The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, EchoStar Corporation. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 9,301,409 or 6.0%, of the class of securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

How many EchoStar (SATS) shares does Dodge & Cox beneficially own?

Dodge & Cox beneficially owns 13,398,270 shares of EchoStar, representing 8.6% of the Class A common stock.

What voting and dispositive powers does Dodge & Cox hold over EchoStar shares?

The filing reports sole voting power for 12,739,208 shares, shared voting power of 0, sole dispositive power of 13,398,270 shares, and shared dispositive power of 0.

Does Dodge & Cox state it intends to influence control of EchoStar?

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

How many EchoStar shares does the Dodge & Cox Stock Fund hold?

The Dodge & Cox Stock Fund holds 9,301,409 shares, equal to 6.0% of the class reported in the filing.

Who signed the Schedule 13G/A and when?

The Schedule 13G/A was signed by /S/ Katherine M. Primas, Chief Compliance Officer, with the signature dated 08/13/2025.