Form 4 for ECHO EchoStar
Accepted 2025-12-29 00:00:00 ET · period of report 2025-12-22 · accession 0000904548-25-000008 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-12-29 | 2025-12-26 | ECHO | ERGEN CHARLES W | COB, Pres, CEO, Dir, 10% | G - Gift | $0.00 | -11.8K | 11.14M | -0.1% | $0 |
| D | 2025-12-29 | 2025-12-22 | ECHO | ERGEN CHARLES W | COB, Pres, CEO, Dir, 10% | G - Gift | $0.00 | +2.06M | 2.09M | +7,419% | $0 |
| DMI | 2025-12-29 | 2025-12-22 | ECHO | ERGEN CHARLES W | COB, Pres, CEO, Dir, 10% | J - Other | $0.00 | +22.40M | 57.59M | +64% | $0 |
| DI | 2025-12-29 | 2025-12-22 | ECHO | ERGEN CHARLES W | COB, Pres, CEO, Dir, 10% | G - Gift | $0.00 | -19.04M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-12-26 | G | D | 11,821 | $0.00 | 11,140,269 | D | — | — | |
| 2 | Derivative | Class B Common Stock | 2025-12-22 | G | A | 2,060,220 | $0.00 | 2,087,989 | D | — · — to — | 2,060,220 Class A Common Stock | (F8) The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration. |
| 3 | Derivative | Class B Common Stock | 2025-12-22 | J | A | 16,978,158 | $0.00 | 52,169,024 | I I | — · — to — | 16,978,158 Class A Common Stock | (F6) The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein. (F8) The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration. |
| 4 | Derivative | Class B Common Stock | 2025-12-22 | J | A | 5,422,728 | $0.00 | 57,591,752 | I I | — · — to — | 5,422,728 Class A Common Stock | (F6) The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein. (F8) The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration. |
| 5 | Derivative | Class B Common Stock | 2025-12-22 | G | D | 19,038,378 | $0.00 | 0 | I I | — · — to — | 19,038,378 Class A Common Stock | (F9) Pursuant to the terms of the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT"), on December 22, 2025, the 2023 December GRAT: (i) distributed 2,060,220 Class B shares held by the 2023 December GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 16,978,158 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, and the 2023 December GRAT expired in accordance with its terms. (F8) The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration. |