Ergen Two-Year December 2020 SATS GRAT 4
4 · EchoStar CORP · Filed Dec 23, 2021
Insider Transaction Report
Form 4
EchoStar CORPSATS
Transactions
- Gift
Class B Common Stock
2021-12-21−7,369,140→ 13,630,860 total→ Class A Common Stock (7,369,140 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 December 21, 2020, Mr. Charles W. Ergen established the Ergen Two-Year December 2020 SATS GRAT (the "2020 December GRAT") and contributed a total of 21,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 December GRAT, 7,369,140 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2021, with the 2020 December GRAT retaining 13,630,860 Class B shares. The 2020 December GRAT is scheduled to expire in accordance with its terms on December 21, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 December GRAT.