Form 4 for ECHO EchoStar
Accepted 2024-12-26 00:00:00 ET · period of report 2024-12-23 · accession 0001415889-24-030173 · 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 | 2024-12-26 | 2024-12-24 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | -81.0K | 11.27M | -0.7% | $0 |
| DM | 2024-12-26 | 2024-12-23 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | +14.94M | 5.26M | New | $0 |
| DMI | 2024-12-26 | 2024-12-23 | ECHO | ERGEN CHARLES W | COB, Dir, 10% | G - Gift | $0.00 | -14.94M | 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 | 2024-12-24 | G | D | 80,970 | $0.00 | 11,272,090 | D | — | — | |
| 2 | Derivative | Class B Common Stock | 2024-12-23 | G | A | 9,761,611 | $0.00 | 15,023,310 | D | — · — to — | 9,761,611 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 | 2024-12-23 | G | D | 9,761,611 | $0.00 | 19,038,378 | I I | — · — to — | 9,761,611 Class A Common Stock | (F10) On December 22, 2023, Mr. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT") and contributed a total of 8,800,000 Class B shares and 57,000,000 DISH Class B shares to the 2023 December GRAT. In connection with the merger (the "Merger") between EchoStar Corporation ("EchoStar") and DISH Network Corporation ("DISH") as defined in their respective SEC filings, such DISH shares converted into the right to receive 19,999,989 EchoStar Class B shares. After the Merger, the 2023 December GRAT held a total of 28,799,989 Class B shares. Pursuant to the terms of the 2023 December GRAT, 9,761,611 Class B shares were distributed as an annuity to Mr. Ergen on December 23, 2024. Following this distribution, the 2023 December GRAT held 19,038,378 Class B shares. The 2023 December GRAT is schedule to expire in accordance with its terms on December 22, 2025. Mrs. Cantey M. Ergen serves as trustee of the 2023 December 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 | 2024-12-23 | G | A | 5,181,574 | $0.00 | 5,261,699 | D | — · — to — | 5,181,574 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 | 2024-12-23 | G | D | 5,181,574 | $0.00 | 0 | I I | — · — to — | 5,181,574 Class A Common Stock | (F9) On December 22, 2022, Mr. Ergen established the Two-Year December 2022 SATS GRAT (the "2022 December GRAT") and contributed 55,000,000 Class B shares to the 2022 December GRAT. Pursuant to the terms of the 2022 December GRAT, all 5,181,574 Class B shares were distributed as an annuity to Mr. Ergen on December 23, 2024. Following this distribution, the Ergen Two-Year December 2022 SATS 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. |