Ergen Two-Year December 2020 SATS GRAT 4
4 · EchoStar CORP · Filed Dec 23, 2022
Insider Transaction Report
Form 4
EchoStar CORPSATS
Transactions
- Gift
Class B Common Stock
2022-12-21−13,630,860→ 0 total→ Class A Common Stock (13,630,860 underlying)
Footnotes (2)
- [F1]The reporting person 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.
- [F2]On December 21, 2020, Mr. Charles W. Ergen established the Ergen Two-Year December 2020 SATS GRAT (the "2020 December GRAT") and contributed a total of 21,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 December GRAT, all of the remaining 13,630,860 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2022, and the 2020 December GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen served as the trustee of the 2020 December GRAT.