Ergen Two-Year June 2025 SATS GRAT 4

What Happened
Ergen Two-Year June 2025 SATS GRAT (a reported 10% owner) distributed (reported as a gift) 2,316,533 Class B shares of EchoStar Corp (ECHO) to Mr. Charles W. Ergen on June 26, 2026. The reported transaction price is $0.00 (code G — gift/distribution). After this distribution the GRAT holds 14,483,467 Class B shares. The Form 4 was filed on June 30, 2026 covering the June 26, 2026 transaction.

Key Details

• Transaction date: June 26, 2026; Form 4 filed: June 30, 2026 (filed within the standard Form 4 deadline).
• Shares transferred: 2,316,533 EchoStar Class B shares; reported price: $0.00 (gift/distribution).
• Shares remaining in GRAT after transfer: 14,483,467 Class B shares.
• Footnote F1: Class B shares may be converted by the holder into an equal number of Class A shares at any time for no additional consideration.
• Footnote F2: The 2,316,533 shares were distributed by the 2025 June GRAT to Charles W. Ergen as an annuity payment; the GRAT is scheduled to expire on June 26, 2027 and Mrs. Cantey M. Ergen is the trustee.

Context
This filing reflects a trust distribution (annuity payment) rather than an open-market buy or sell by a corporate insider. Gift/distribution transactions from trusts do not necessarily signal the recipient's trading intent or market view. Note the filer is a GRAT (a trust structure) and not a routine corporate insider trade.