Form 4 for ECHO EchoStar
Accepted 2023-12-22 00:00:00 ET · period of report 2023-12-21 · accession 0001104659-23-128801 · 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 | 2023-12-22 | 2023-12-21 | ECHO | ERGEN CANTEY | 10% | G - Gift | $0.00 | -720 | 2.20M | -0.0% | $0 |
| D | 2023-12-22 | 2023-12-21 | ECHO | ERGEN CANTEY | 10% | G - Gift | $0.00 | +8.72M | 8.82M | +8,941% | $0 |
| DI | 2023-12-22 | 2023-12-21 | ECHO | ERGEN CANTEY | 10% | G - Gift | $0.00 | -8.72M | 5.18M | -63% | $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 | 2023-12-21 | G | D | 720 | $0.00 | 2,199,958 | D | — | — | |
| 2 | Derivative | Class B Common Stock | 2023-12-21 | G | A | 8,718,426 | $0.00 | 8,815,932 | D | — · — to — | 8,718,426 Class A Common Stock | (F3) 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 | 2023-12-21 | G | D | 8,718,426 | $0.00 | 5,181,574 | I I | — · — to — | 8,718,426 Class A Common Stock | (F4) On December 21, 2022, Mr. Charles W. Ergen established the Ergen Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed a total of 13,900,000 Class B Shares to such trust. Pursuant to the terms of the 2022 December GRAT, 8,718,426 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2023 with the 2022 December GRAT retaining 5,181,574 Class B shares. The 2022 December GRAT is scheduled to expire in accordance with its terms on December 21, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 December GRAT. (F3) 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. |