ERGEN CANTEY 4

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.