EchoStar (ECHO) 10% Owner Charles Ergen Gifts/Transfers 18.6M Shares

What Happened
Charles W. Ergen (reported as a 10% owner) recorded a set of non-cash transfers on July 10, 2026 related to a GRAT distribution and related transfers. The filing shows: a gift (code G) disposing of 18,561,842 Class B shares (price $0.00), an annuity distribution (code G) acquiring 2,622,061 Class B shares (price $0.00), and an other acquisition/disposition (code J) acquiring 15,939,781 Class B shares (price $0.00). The transactions are derivative in nature (Class B shares moved between trust/holding vehicles) and were not sales for cash.

Key Details

• Transaction date: July 10, 2026; Form 4 filed July 14, 2026 (no late-filing flag indicated).
• Prices: all reported at $0.00 (transfers/gifts/exchange).
• Share counts: 18,561,842 shares gifted (disposed); 2,622,061 shares received as an annuity; 15,939,781 shares moved in an other acquisition/disposition. Total acquired = 18,561,842; total disposed (gift) = 18,561,842.
• Footnote F9: The July 10, 2026 activity reflects the Ergen Two-Year July 2024 SATS GRAT distributing 2,622,061 Class B shares to Mr. Ergen as an annuity and contributing the remaining 15,939,781 Class B shares to Telluray Holdings, LLC in exchange for membership units; the 2024 July GRAT expired per its terms.
• Other GRATs and holding details are described in footnotes (F10–F13 about other GRATs; F2–F7 describe spouse, 401(k), foundation, and entity holdings).
• Shares owned after the transactions are not reported in the provided summary.
• These were gifts and internal transfers — not open-market purchases or sales — and therefore do not necessarily indicate insider sentiment.

Context

• Gift transfers and GRAT distributions are estate/planning moves; they are commonly non-market transactions and do not imply a buy/sell signal.
• Code J (other acquisition/disposition) here corresponds to the GRAT contributing remaining shares to Telluray Holdings in exchange for membership units (per F9), i.e., a transfer into a holding entity rather than a cash sale.
• As a reported 10% owner, Mr. Ergen’s moves are often through trusts and entities; retail investors should view these as structural/estate planning actions unless accompanied by open-market purchases or sales.