Ergen Two-Year May 2025 SATS GRAT 4

What Happened
The filer, the Ergen Two‑Year May 2025 SATS GRAT (a 10% owner), reported a gift/annuity distribution of 1,902,790 EchoStar (SATS) Class B shares to Mr. Charlie Ergen on May 13, 2026. The shares were recorded as a gift (transaction code G) at $0.00 per share (no cash proceeds). This was a trust distribution (annuity payment), not an open‑market sale or purchase.

Key Details

• Transaction date: May 13, 2026. Form 4 filed: May 15, 2026 (timely filing).
• Transaction type/code: Gift (G); price reported $0.00; total proceeds $0.
• Shares distributed: 1,902,790 Class B shares.
• Shares remaining in the 2025 May GRAT after distribution: 23,097,210 Class B shares.
• Footnote highlights: Class B shares may be converted 1:1 into Class A shares at any time for no additional consideration (F1). The distribution was an annuity payment from the Ergen Two‑Year May 2025 SATS GRAT; the GRAT is scheduled to expire on May 13, 2027 and Mrs. Cantey M. Ergen is the trustee (F2).
• Filing timeliness: No late filing noted.

Context
This is a trust/estate/annuity distribution by a 10% holder — effectively a gift/transfer from a GRAT to Mr. Ergen — and does not represent a market sale or a purchase signal. Such GRAT distributions are common estate-planning events and should not be read as a direct endorsement or rejection of EchoStar stock by the market.