Telluray Holdings, LLC 4
4 · EchoStar CORP · Filed Jan 3, 2024
Insider Transaction Report
Form 4
EchoStar CORPSATS
Telluray Holdings, LLC
10% Owner
Transactions
- Award
Class A Common Stock
2023-12-31+2,350,696→ 2,350,696 total - Award
Class B Common Stock
2023-12-31+22,382,661→ 35,190,866 total→ Class A Common Stock (22,382,661 underlying)
Footnotes (3)
- [F1]Received in exchange for shares of Class A Common Stock, par value $.01 par value per share ("DISH Class A Common Stock"), of DISH Network Corporation, a Nevada corporation ("DISH") in connection with the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, DISH and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of the Issuer ("Merger Sub"). Pursuant to the Merger Agreement, on December 31, 2023, Merger Sub merged with and into DISH with DISH surviving the merger as a wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of DISH Class A Common Stock was converted into the right to receive a number of Issuer Class A Common Stock equal to 0.350877 (the "Exchange Ratio").
- [F2]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.
- [F3]Received in exchange for shares of DISH Class B Common Stock in connection with the Merger. At the Effective Time, each outstanding share of DISH Class B Common Stock was converted into the right to receive a number of shares of Issuer Class B Common Stock equal to the Exchange Ratio.