Ergen Two-Year December 2022 SATS GRAT 4
4 · EchoStar CORP · Filed Dec 22, 2023
Insider Transaction Report
Form 4
EchoStar CORPSATS
Transactions
- Gift
Class B Common Stock
2023-12-21−8,718,426→ 5,181,574 total→ Class A Common Stock (8,718,426 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 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.