Ergen Two-Year June 2022 SATS GRAT 4
4 · EchoStar CORP · Filed Jun 27, 2023
Insider Transaction Report
Form 4
EchoStar CORPSATS
Ergen Two-Year June 2022 SATS GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2023-06-23−4,312,100→ 2,687,900 total→ Class A Common Stock (4,312,100 underlying)
Footnotes (2)
- [F1]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.
- [F2]On June 23, 2022, Mr. Charles W. Ergen established the Ergen Two-Year June 2022 SATS GRAT (the "2022 June GRAT") and contributed a total of 7,000,000 Class B shares to such trust. Pursuant to the terms of the 2022 June GRAT, 4,312,100 Class B shares were distributed as an annuity payment to Mr. Ergen on June 23, 2023, with the 2022 June GRAT retaining 2,687,900 Class B shares. The 2022 June GRAT is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 June GRAT.