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EchoStar CORP·4

May 15, 7:06 PM ET

ERGEN CHARLES W 4

4 · EchoStar CORP · Filed May 15, 2026

Research Summary

AI-generated summary of this filing

Updated

EchoStar (SATS) 10% Owner Charles Ergen Receives GRAT Distributions

What Happened

  • Charles W. Ergen, a reported 10% owner of EchoStar (SATS), reported a series of derivative transactions on May 13, 2026 involving gifts, GRAT annuity distributions, and a contribution to Telluray Holdings. All transactions were recorded at $0.00 per share (no cash sale/purchase).
  • Reported movements (all Class B shares, derivative): gifted/disposed 3,306,885; acquired (annuity) 381,135; acquired (other J code) 2,925,750; gifted/disposed 1,902,790; acquired (annuity) 1,902,790. The two annuity distributions total 2,283,925 shares (381,135 + 1,902,790).

Key Details

  • Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely filing).
  • Price: $0.00 per share — these were gifts, GRAT annuity distributions, and an in-kind contribution (no open-market trades).
  • Shares/positions after transactions: the Ergen Two-Year May 2025 SATS GRAT holds 23,097,210 Class B shares after distributing 1,902,790 as an annuity. The Ergen Two-Year May 2024 SATS GRAT distributed 381,135 shares and contributed 2,925,750 shares to Telluray Holdings (and then expired).
  • Notable footnotes: Mrs. Cantey M. Ergen serves as trustee of several GRATs; the 2024 May GRAT expired on May 13, 2026; the 2025 May GRAT is scheduled to expire May 13, 2027. Class B shares are convertible to Class A at no additional consideration.
  • Transaction codes: G = Gift/annuity distribution; J = other acquisition/disposition (here, contribution of GRAT shares to Telluray in exchange for membership units).
  • Filing context: These are internal/estate-planning transfers and GRAT distributions, not open-market purchases or sales — gifts and GRAT payouts do not necessarily signal personal bullish/bearish trading intent.

Context

  • Gifts and GRAT annuity distributions are common estate-planning moves and do not equate to a market purchase signal. As a 10% owner, Mr. Ergen’s filings often reflect transfers among trusts, family accounts, and entities he controls rather than routine executive buy/sell trading.

Insider Transaction Report

Form 4
Period: 2026-05-13
EchoStar CORPSATS
ERGEN CHARLES W
DirectorCHAIRMAN, PRES and CEO10% Owner
Transactions
  • Gift

    Class B Common Stock

    [F8][F9]
    2026-05-13−3,306,885→ 0 total(indirect: I)
    → Class A Common Stock (3,306,885 underlying)
  • Gift

    Class B Common Stock

    [F8][F9]
    2026-05-13+381,135→ 2,469,124 total
    → Class A Common Stock (381,135 underlying)
  • Other

    Class B Common Stock

    [F8][F9][F6]
    2026-05-13+2,925,750→ 60,517,502 total(indirect: I)
    → Class A Common Stock (2,925,750 underlying)
  • Gift

    Class B Common Stock

    [F8][F10]
    2026-05-13−1,902,790→ 23,097,210 total(indirect: I)
    → Class A Common Stock (1,902,790 underlying)
  • Gift

    Class B Common Stock

    [F8][F10]
    2026-05-13+1,902,790→ 4,371,914 total
    → Class A Common Stock (1,902,790 underlying)
Holdings

  • Class A Common Stock

    11,140,269

  • Class A Common Stock

    [F1]
    (indirect: I)
    11,404

  • Class A Common Stock

    [F2]
    (indirect: I)
    1,967

  • Class A Common Stock

    [F3]
    (indirect: I)
    1,313

  • Class A Common Stock

    [F4]
    (indirect: I)
    11,921

  • Class A Common Stock

    [F5]
    (indirect: I)
    766,443

  • Class A Common Stock

    [F6]
    (indirect: I)
    2,350,696

  • Class A Common Stock

    [F7]
    (indirect: I)
    1,551,355

  • Class B Common Stock

    [F8][F11]
    (indirect: I)
    → Class A Common Stock (18,561,842 underlying)
    18,561,842

  • Class B Common Stock

    [F8][F12]
    (indirect: I)
    → Class A Common Stock (16,800,000 underlying)
    16,800,000

  • Class B Common Stock

    [F8][F13]
    (indirect: I)
    → Class A Common Stock (8,000,000 underlying)
    8,000,000
Footnotes (13)
  • [F1]By 401(K).
  • [F10]Pursuant to the terms of the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT"), on May 13, 2026, the 2025 May GRAT distributed 1,902,790 Class B shares held by the 2025 May GRAT to Mr. Ergen as an annuity payment. Following this distribution, the 2025 May GRAT holds 23,097,210 Class B shares. The 2025 May GRAT is scheduled to expire in accordance with its terms on May 13, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 May GRAT.
  • [F11]On July 10, 2024, Mr. Ergen established the Ergen Two-Year July 2024 SATS GRAT (the "2024 July GRAT") and contributed 26,500,000 Class B shares to the 2024 July GRAT. The 2024 July GRAT currently holds 18,561,842 Class B shares. The 2024 July GRAT is scheduled to expire in accordance with its terms on July 10, 2026. Mrs. Cantey M. Ergen serves as the trustee of the 2024 July GRAT.
  • [F12]On June 26, 2025, Mr. Ergen established the Ergen Two-Year June 2025 SATS GRAT (the "2025 June GRAT") and contributed 16,800,000 Class B shares to the 2025 June GRAT. The 2025 June GRAT is scheduled to expire in accordance with its terms on June 26, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 June GRAT.
  • [F13]On July 29, 2025, Mr. Ergen established the Ergen Two-Year July 2025 SATS GRAT (the "2025 July GRAT") and contributed 8,000,000 Class B shares to the 2025 July GRAT. The 2025 July GRAT is scheduled to expire in accordance with its terms on July 29, 2027. Mrs. Cantey M. Ergen serves as the trustee of the 2025 July GRAT.
  • [F2]Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
  • [F3]Held by Mrs. Ergen in a 401(k) account.
  • [F4]The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
  • [F5]The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
  • [F6]The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
  • [F7]These shares are beneficially owned indirectly by Mr. Ergen through nXgen Opportunities, LLC, which controls CONX Corp. The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.
  • [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.
  • [F9]Pursuant to the terms of the Ergen Two-Year May 2024 SATS GRAT (the "2024 May GRAT"), on May 13, 2026, the 2024 May GRAT: (i) distributed 381,135 Class B shares held by the 2024 May GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 2,925,750 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, and the 2024 May GRAT expired in accordance with its terms.

Documents

1 file
  • 4
    form4-05152026_110531.xmlPrimary