Ergen Two-Year June 2020 SATS GRAT 4
4 · EchoStar CORP · Filed Jun 3, 2021
Insider Transaction Report
Form 4
EchoStar CORPSATS
Ergen Two-Year June 2020 SATS GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2021-06-01−2,700,309→ 2,299,691 total→ Class A Common Stock (2,700,309 underlying)
Footnotes (2)
- [F1]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.
- [F2]On June 1, 2020, Mr. Charles W. Ergen established the Ergen Two-Year June 2020 SATS GRAT (the "2020 June GRAT") and contributed a total of 5,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 June GRAT, 2,700,309 Class B shares were distributed as an annuity payment to Mr. Ergen on June 1, 2021, with the 2020 June GRAT retaining 2,299,691 Class B shares. The 2020 June GRAT is scheduled to expire in accordance with its terms on June 1, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 June GRAT.