Form 4: EchoStar CEO Gifts 120,000 Shares of Class A Stock

EchoStar's Chairman and CEO, Charles W. Ergen, reported gifting 120,000 shares of Class A Common Stock.

Summary

• Charles W. Ergen, Chairman, President, and CEO of EchoStar Corp, along with Cantey M. Ergen, a Director and Senior Advisor, reported a gift of 120,000 shares of Class A Common Stock.
• The transaction occurred on November 28, 2025, with a price of $0 per share, indicating a gift.
• Following this transaction, Charles W. Ergen directly beneficially owns 11,152,090 shares of Class A Common Stock.
• Indirect beneficial ownership includes shares held in a 401(K) (11,367 shares), by Mrs. Cantey M. Ergen (213 shares), in Mrs. Ergen's 401(k) account (1,276 shares), by their child (11,566 shares), by a charitable foundation (766,443 shares), by Telluray Holdings, LLC (2,350,696 shares), and through nXgen Opportunities, LLC (1,551,355 shares).
• The reporting persons disclaim beneficial ownership of shares held by their child, the charitable foundation, Telluray Holdings, LLC, and nXgen Opportunities, LLC, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: A neutral score as a gift transaction is a routine insider filing and does not inherently indicate positive or negative company performance. It reflects personal financial planning.

Positives

• The gift of shares, potentially for philanthropic or estate planning purposes, reflects personal financial management by the reporting persons.

Negatives

• The direct beneficial ownership of Charles W. Ergen decreased by 120,000 shares due to the gift.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing, common for executives and significant shareholders, and does not directly relate to broader industry trends. It reflects personal financial planning rather than a corporate strategic move.

Related Party Transactions

• The gift of shares to a child and indirect holdings through a spouse, charitable foundation, and LLCs where the reporting persons are managers or controllers, constitute related party transactions.

Stakeholder Impact

• Shareholders: The gift of shares by a significant insider could be interpreted in various ways, but generally, a gift at $0 price does not directly impact the company's valuation or operations. It slightly reduces the direct ownership stake of a key executive.

Key Dates

Recommendation

This Form 4 reports a routine gift of shares by a key insider for personal planning purposes. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should maintain their current position based on broader company fundamentals and market conditions.

Keywords

EchoStar, SATS, Charles W. Ergen, Cantey M. Ergen, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Class A Common Stock, CEO, Director