Ergen Two-Year June 2023 DISH GRAT 4
4 · EchoStar CORP · Filed Jun 28, 2024
Insider Transaction Report
Form 4
EchoStar CORPSATS
Ergen Two-Year June 2023 DISH GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2024-06-26−16,298,707→ 15,104,784 total→ Class A Common Stock (16,298,707 underlying)
Footnotes (2)
- [F1]The holder of Class B shares may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
- [F2]Pursuant to the terms of the Ergen Two-Year June 2023 DISH GRAT (the "2023 June GRAT"), 16,298,707 Class B shares were distributed as an annuity to Mr. Ergen on June 26, 2024. Following this distribution, the 2023 June GRAT beneficially owns 15,104,784 Class B shares. The 2023 June GRAT is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.