Ergen Two-Year March 2022 SATS GRAT 4
4 · EchoStar CORP · Filed Apr 4, 2023
Insider Transaction Report
Form 4
EchoStar CORPSATS
Ergen Two-Year March 2022 SATS GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2023-03-31−6,206,572→ 3,693,428 total→ Class A Common Stock (6,206,572 underlying)
Footnotes (2)
- [F1]The reporting person 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.
- [F2]On March 31, 2022, Mr. Charles W. Ergen established the Ergen Two-Year March 2022 SATS GRAT (the "2022 March GRAT") and contributed a total of 9,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 March GRAT, 6,206,572 Class B shares were distributed as an annuity payment to Mr. Ergen on March 31, 2023, with the 2022 March GRAT retaining 3,693,428 Class B shares. The 2022 March GRAT is scheduled to expire in accordance with its terms on March 31, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 March GRAT.