Telluray Holdings, LLC 4
4 · EchoStar CORP · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
EchoStar (ECHO) 10% Owner Telluray Receives 15.94M Class B Shares
What Happened
Telluray Holdings, LLC (reported as a 10% owner; managers are Charles W. Ergen and Cantey M. Ergen) recorded an acquisition of 15,939,781 Class B shares of EchoStar (ECHO) on July 10, 2026. The record shows an "other acquisition or disposition" (transaction code J) for $0 — the shares were contributed to Telluray by the "Ergen Two-Year July 2024 SATS GRAT" in exchange for membership units in Telluray. This was an internal transfer/contribution rather than an open‑market purchase or sale.
Key Details
- Transaction date: July 10, 2026; reported on Form 4 filed July 14, 2026 (appears later than the typical two-business-day Form 4 deadline).
- Shares acquired: 15,939,781 Class B shares; price reported $0 (derivative/in‑kind contribution).
- Shares owned after transaction: Not disclosed in the filing provided.
- Notable footnotes:
- F1: Charles W. Ergen and spouse Cantey M. Ergen are managers of Telluray; Mrs. Ergen has sole voting power over Telluray’s Class A and B shares, and both share dispositive power.
- F2: Class B shares are convertible into an equal number of Class A shares at any time without additional consideration.
- F3: The shares were contributed by the Ergen Two-Year July 2024 SATS GRAT in exchange for membership units in Telluray.
Context
This is a non‑market family/estate-planning transfer into a 10% owner vehicle rather than a purchase or sale that signals trading intent. For retail investors, such transfers typically reflect internal ownership restructuring and do not necessarily indicate a change in sentiment about the company’s stock. The apparent late filing may be noteworthy (Form 4s are generally due within two business days of the transaction).
Insider Transaction Report
- Other
Class B Common Stock
[F2][F3][F1]2026-07-10+15,939,781→ 76,457,283 total→ Class A Common Stock (15,939,781 underlying)
- 2,350,696
Class A Common Stock
[F1]
Footnotes (3)
- [F1]Mr. Charles W. Ergen and his spouse, Mrs. Cantey M. Ergen, serve as managers of Telluray Holdings, LLC ("Telluray Holdings"). Mrs. Ergen, as a manager of Telluray Holdings, has sole voting power over the shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the shares of Class A Common Stock and Class B Common Sock held by Telluray Holdings.
- [F2]The holder of the 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.
- [F3]On July 10, 2026, the Ergen Two-Year July 2024 SATS GRAT contributed 15,939,781 Class B shares to the Reporting Person in exchange for membership units in the Reporting Person.