Form 4 for ECHO EchoStar
Accepted 2024-05-15 00:00:00 ET · period of report 2024-05-13 · accession 0001415889-24-013274 · 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 | 2024-05-15 | 2024-05-13 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | +9.12M | 11.35M | +409% | $0 |
| DI | 2024-05-15 | 2024-05-13 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | -9.12M | 0 | -100% | $0 |
| DMI | 2024-05-15 | 2024-05-13 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | +3.74M | 6.00M | +165% | $0 |
| DM | 2024-05-15 | 2024-05-13 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | -3.74M | 6.02M | -38% | $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 | 2024-05-13 | G | A | 9,122,802 | $0.00 | 11,353,060 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-05-13 | G | D | 9,122,802 | $0.00 | 0 | I I | — | — | (F1) Pursuant to the terms of the Ergen Two-Year May 2023 DISH GRAT (the "2023 May GRAT"), 9,122,802 Class A shares and 2,261,098 Class B shares held by the 2023 May GRAT were distributed as an annuity to Mr. Ergen on May 13, 2024. Following this distribution, the 2023 May GRAT holds 7,563,458 Class B shares and is scheduled to expire on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT. |
| 3 | Derivative | Class B Common Stock | 2024-05-13 | G | D | 2,261,098 | $0.00 | 7,563,458 | I I | — · — to — | 2,261,098 Class A Common Stock | (F1) Pursuant to the terms of the Ergen Two-Year May 2023 DISH GRAT (the "2023 May GRAT"), 9,122,802 Class A shares and 2,261,098 Class B shares held by the 2023 May GRAT were distributed as an annuity to Mr. Ergen on May 13, 2024. Following this distribution, the 2023 May GRAT holds 7,563,458 Class B shares and is scheduled to expire on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT. (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 | 2024-05-13 | G | D | 6,000,000 | $0.00 | 21,190 | D | — · — to — | 6,000,000 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. |
| 5 | Derivative | Class B Common Stock | 2024-05-13 | G | A | 2,261,098 | $0.00 | 6,021,190 | D | — · — to — | 2,261,098 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. |
| 6 | Derivative | Class B Common Stock | 2024-05-13 | G | A | 6,000,000 | $0.00 | 6,000,000 | I I | — · — to — | 6,000,000 Class A Common Stock | (F9) On May 13, 2024, Charles W. Ergen established the Ergen Two-Year May 2024 SATS GRAT (the "2024 May GRAT") and contributed 6,000,000 Class B shares to the 2024 May GRAT. The 2024 May GRAT 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. The 2024 May GRAT is scheduled to expire in accordance with its terms on May 13, 2026. Mrs. Cantey M. Ergen serves as the trustee of such GRAT. (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. |