Ergen Two-Year March 2022 SATS GRAT 4
4 · EchoStar CORP · Filed Apr 4, 2023
Insider Transaction Report
Form 4Exit
EchoStar CORPSATS
Ergen Two-Year March 2022 SATS GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
[F1][F2]2023-03-31−6,206,572→ 3,693,428 total→ Class A Common Stock (6,206,572 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 March 31, 2022, Mr. Charles W. Ergen established the Ergen Two-Year March 2022 SATS GRAT (the "2022 March GRAT") and contributed a total of 9,900,000 Class B shares to such trust. Pursuant to the terms of the 2022 March GRAT, 6,206,572 Class B shares were distributed as an annuity payment to Mr. Ergen on March 31, 2023, with the 2022 March GRAT retaining 3,693,428 Class B shares. The 2022 March GRAT is scheduled to expire in accordance with its terms on March 31, 2024. Mrs. Cantey M. Ergen serves as the trustee of the 2022 March GRAT.
Signature
/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year March 2022 SATS GRAT, by Dean Manson, her Attorney-in-Fact|2023-04-04