ERGEN CHARLES W 4

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.