ERGEN CANTEY 4
4 · EchoStar CORP · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
EchoStar (ECHO) 10% Owner Cantey Ergen Receives RSU Award
What Happened
- Cantey Ergen, reported as a 10% owner of EchoStar Corp. (ECHO), received a grant of 198 restricted stock units (RSUs) on 2026-07-01. Each RSU converts into one share of Class A common stock upon vesting; the RSUs vest 25% per year beginning July 1, 2026.
- To cover tax obligations related to the grant anniversary shares, 17 existing shares were withheld/disposed at $100.88 per share, for a withholding value of $1,715. The primary action was an award (RSUs), not an open-market purchase.
Key Details
- Transaction dates: Grant and tax-withholding both reported on 2026-07-01; Form 4 filed 2026-07-07.
- Prices and values: RSUs granted (198) — no acquisition price; 17 shares withheld at $100.88 each = $1,715.
- Shares after transaction (reported total): 1,967 existing Class A shares + 198 newly awarded RSUs = 2,165 total (includes unvested RSUs).
- Notable footnotes:
- F1/F2: RSUs vest 25% per year starting 7/1/2026; each RSU entitles the holder to one share upon vesting.
- F3: 17 shares were withheld to cover tax obligations.
- F10: Shares are held by Telluray Holdings, LLC; Mrs. Ergen has sole voting power for those holdings and the reporting person disclaims beneficial ownership except for pecuniary interest.
- Transaction codes: A = Award/Grant; F = Tax withholding. The Form 4 was filed on 7/7/2026; given the 7/1/2026 transaction date and the Independence Day holiday, the filing appears to have been submitted after the SEC’s typical two-business-day window (likely one day late).
Context
- RSU grants are compensation awards that convert to shares only as they vest; they are not purchases that signal a direct cash outlay by the insider.
- Tax-withholding (disposition of a small number of shares) is a routine administrative step and does not necessarily reflect the insider’s market view.
- As a 10% owner, Cantey Ergen’s holdings are significant ownership positions; notes on Telluray Holdings clarify voting/dispositive powers and ownership disclaimers.
Insider Transaction Report
Form 4
EchoStar CORPECHO
ERGEN CANTEY
Director10% OwnerOther
Transactions
- Award
Class A Common Stock
[F1][F2]2026-07-01+198→ 2,165 total - Tax Payment
Class A Common Stock
[F3]2026-07-01$100.88/sh−17$1,715→ 2,148 total
Holdings
- 1,313(indirect: I)
Class A Common Stock
[F4] - 11,140,269(indirect: I)
Class A Common Stock
[F5] - 11,404(indirect: I)
Class A Common Stock
[F6] - 11,921(indirect: I)
Class A Common Stock
[F7] - 1,551,355(indirect: I)
Class A Common Stock
[F8] - 766,443(indirect: I)
Class A Common Stock
[F9] - 2,350,696(indirect: I)
Class A Common Stock
[F10]
Footnotes (10)
- [F1]Represents the acquisition of restricted stock units (RSUs). The RSUs vest at the rate of 25% per year beginning on July 1, 2026. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
- [F10]The shares are held by Telluray Holdings, LLC. Mrs. Ergen and Mr. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
- [F2]The reported transaction involved the reporting person's receipt of a grant of 198 RSUs. The total reported in Column 5 includes the 198 newly awarded RSUs and 1,967 shares of Class A Common Stock.
- [F3]Represents shares withheld to cover certain tax obligations in connection with the anniversary shares granted to the Reporting Person.
- [F4]Held by Mrs. Cantey M. Ergen in a 401(K) account.
- [F5]Held by Mr. Charles W. Ergen, Mrs. Ergen's spouse.
- [F6]Held by Mr. Ergen in a 401(k) account.
- [F7]The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- [F8]These shares are beneficially owned indirectly by Mr. Ergen, Mrs. Ergen's spouse, through nXgen Opportunities, LLC, which controls CONX Corp. The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.
- [F9]The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
Signature
/s/ Cantey M. Ergen, by Daniel W. Conroy, Attorney-in-Fact|2026-07-06