ERGEN CHARLES W 4

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.