ERGEN CHARLES W 4
4 · EchoStar CORP · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
EchoStar (SATS) 10% Owner Charles Ergen Gifts 4.3M Shares
What Happened
- Charles W. Ergen, a >10% owner of EchoStar Corp. (SATS), made a gift on June 15, 2026, transferring 4,300,000 Class B shares to a grantor retained annuity trust (GRAT). The Form 4 reports the transaction price as $0.00 per share, total value $0. This was a transfer into a trust (a non‑market gift), not an open‑market sale or purchase.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
- Transaction type/code: Gift (G); shares: 4,300,000 Class B shares; price: $0.00; total: $0.
- Footnote (F9): Mr. Ergen established the Ergen Two-Year June 2026 SATS GRAT and contributed these 4.3M Class B shares. The GRAT may convert Class B to Class A shares at no additional consideration and is scheduled to expire on June 15, 2028. Mrs. Cantey M. Ergen is the trustee.
- Filing shows the contribution as a derivative transfer (Class B shares) into the GRAT. The filing excerpt does not state Mr. Ergen’s total holdings after the transfer.
- Related context: Mr. Ergen has established several other two‑year SATS GRATs (see F10–F13) that hold additional Class B shares.
Context
- Gifts to trusts like GRATs are estate planning actions and do not necessarily signal a view on the company’s near‑term share price. As a >10% owner, Mr. Ergen’s transfers are often structured for tax/estate planning rather than routine insider trading.
Insider Transaction Report
Form 4
EchoStar CORPSATS
ERGEN CHARLES W
DirectorCHAIRMAN, PRES and CEO10% Owner
Transactions
- Gift
Class B Common Stock
[F8][F9]2026-06-15−4,300,000→ 71,914 total→ Class A Common Stock (4,300,000 underlying) - Gift
Class B Common Stock
[F8][F9]2026-06-15+4,300,000→ 4,300,000 total(indirect: I)→ Class A Common Stock (4,300,000 underlying)
Holdings
- 11,140,269
Class A Common Stock
- 11,404(indirect: I)
Class A Common Stock
[F1] - 1,967(indirect: I)
Class A Common Stock
[F2] - 1,313(indirect: I)
Class A Common Stock
[F3] - 11,921(indirect: I)
Class A Common Stock
[F4] - 766,443(indirect: I)
Class A Common Stock
[F5] - 2,350,696(indirect: I)
Class A Common Stock
[F6] - 1,551,355(indirect: I)
Class A Common Stock
[F7] - 60,517,502(indirect: I)
Class B Common Stock
[F8][F6]→ Class A Common Stock (60,517,502 underlying) - 18,561,842(indirect: I)
Class B Common Stock
[F8][F10]→ Class A Common Stock (18,561,842 underlying) - 16,800,000(indirect: I)
Class B Common Stock
[F8][F11]→ Class A Common Stock (16,800,000 underlying) - 8,000,000(indirect: I)
Class B Common Stock
[F8][F12]→ Class A Common Stock (8,000,000 underlying) - 23,097,210(indirect: I)
Class B Common Stock
[F8][F13]→ Class A Common Stock (23,097,210 underlying)
Footnotes (13)
- [F1]By 401(K).
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]On May 13, 2026, Mr. Ergen established the Ergen Two-Year May 2025 SATS GRAT (the "2025 May GRAT") and contributed 26,000,000 Class B shares to the 2025 May GRAT. The 2025 May GRAT currently 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.
- [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]On June 15, 2026, Mr. Ergen established the Ergen Two-Year June 2026 SATS GRAT (the "June 2026 GRAT") and contributed 4,300,000 Class B shares to the June 2026 GRAT. The June 2026 GRAT 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. The June 2026 GRAT is scheduled to expire in accordance with its terms on June 15, 2028. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.