ERGEN CHARLES W 4
4 · EchoStar CORP · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
EchoStar (ECHO) Charles Ergen Receives 2.32M Class B Shares as Gift
What Happened
Charles W. Ergen (a >10% owner of EchoStar) received 2,316,533 Class B shares on June 26, 2026. The transaction is reported as a Gift (code G) at $0.00 per share (no cash exchanged) and is recorded as a derivative (Class B) security. Footnote F9 states the shares were distributed to Mr. Ergen as an annuity payment from the Ergen Two-Year June 2025 SATS GRAT; after the distribution that GRAT holds 14,483,467 Class B shares. Mrs. Cantey M. Ergen serves as trustee of the GRAT.
Key Details
- Transaction date: June 26, 2026. Form 4 filed June 30, 2026 (timely).
- Type/code: Gift (G); Derivative security (Class B); price reported $0.00.
- Shares involved: 2,316,533 Class B shares.
- Post-distribution: the 2025 June GRAT holds 14,483,467 Class B shares (per F9).
- Related GRATS: 2024 July GRAT currently holds 18,561,842 Class B shares (F10); 2025 May GRAT holds 23,097,210 (F11); 2025 July and June 2026 GRATs described in F12–F13.
- Trustee: Mrs. Cantey M. Ergen serves as trustee for the GRATs.
- No cash value reported for the transfer; filing does not specify Mr. Ergen’s total individual beneficial holdings after this distribution.
Context
- Gifts and GRAT distributions are typically estate-planning transactions and do not necessarily signal a buy/sell view of the stock by the insider.
- Class B shares may be convertible into Class A shares per the filing (see F8).
- As a >10% owner, Mr. Ergen’s movements are reporting-sensitive but often reflect family/estate planning rather than routine open-market trades.
Insider Transaction Report
Form 4
EchoStar CORPECHO
ERGEN CHARLES W
DirectorCHAIRMAN, PRES and CEO10% Owner
Transactions
- Gift
Class B Common Stock
[F8][F9]2026-06-26−2,316,533→ 14,483,467 total(indirect: I)→ Class A Common Stock (2,316,533 underlying) - Gift
Class B Common Stock
[F8][F9]2026-06-26+2,316,533→ 2,388,447 total→ Class A Common Stock (2,316,533 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) - 23,097,210(indirect: I)
Class B Common Stock
[F8][F11]→ Class A Common Stock (23,097,210 underlying) - 8,000,000(indirect: I)
Class B Common Stock
[F8][F12]→ Class A Common Stock (8,000,000 underlying) - 4,300,000(indirect: I)
Class B Common Stock
[F8][F13]→ Class A Common Stock (4,300,000 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 May 13, 2025, 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.
- [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 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 is scheduled to expire in accordance with its terms on June 15, 2028. Mrs. Cantey M. Ergen serves as the trustee of such 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 June 2025 SATS GRAT (the "2025 June GRAT"), on June 26, 2026, the 2025 June GRAT distributed 2,316,533 Class B shares held by the 2025 June GRAT as an annuity payment to Mr. Ergen. Following this distribution, the 2025 June GRAT holds 14,483,467 Class B shares. 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.