ERGEN CHARLES W 4

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.