Ergen Two-Year June 2021 SATS GRAT 4
4 · EchoStar CORP · Filed Jun 13, 2022
Insider Transaction Report
Form 4
EchoStar CORPSATS
Ergen Two-Year June 2021 SATS GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
[F1][F2]2022-06-09−4,946,232→ 4,053,768 total→ Class A Common Stock (4,946,232 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 9, 2021, Mr. Charles W. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. Pursuant to the terms of the 2021 June GRAT, 4,946,232 Class B shares were distributed as an annuity payment to Mr. Ergen on June 9, 2022, with the 2021 June GRAT retaining 4,053,768 Class B shares. The 2021 June GRAT is scheduled to expire in accordance with its terms on June 9, 2023. Mrs. Cantey M. Ergen serves as the trustee of the 2021 June GRAT.
Signature
/s/ Cantey M. Ergen, Trustee of the Ergen
Two-Year June 2021 SATS GRAT, by
Stephanie D. Marks, her Attorney-in-Fact|2022-06-13