Form 4: EchoStar Executives Report Changes in Beneficial Ownership, Establish New GRAT

Charles W. Ergen and Cantey M. Ergen report changes in their beneficial ownership of EchoStar CORP [SATS] stock, including the establishment of a new Grantor Retained Annuity Trust (GRAT).

Summary

• Charles W. Ergen, Chairman of EchoStar, and Cantey M. Ergen, Senior Advisor, filed Form 4 documents detailing changes in their beneficial ownership of EchoStar stock.
• Mr. Ergen established a new Ergen Two-Year May 2025 SATS GRAT (Grantor Retained Annuity Trust) on May 13, 2025, contributing 25,000,000 Class B shares.
• Mrs. Ergen serves as the trustee for the 2025 May GRAT, which is scheduled to expire on May 13, 2027.
• The report also details indirect ownership through various trusts and entities, including Telluray Holdings, LLC, and several other GRATs established in previous years.
• The report lists the number of Class A Common Stock shares beneficially owned directly and indirectly by Mr. Ergen.
• The report lists the number of Class B Common Stock shares beneficially owned directly and indirectly by Mr. Ergen.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in ownership. It is neutral in tone and does not contain information that would strongly suggest a positive or negative outlook.

Future Outlook

The 2025 May GRAT is scheduled to expire on May 13, 2027, which will likely result in further changes in beneficial ownership at that time.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The establishment of GRATs is a common estate planning technique used by high-net-worth individuals.

Key Dates

Keywords

Form 4, beneficial ownership, EchoStar, Ergen, GRAT, Class B shares, Class A shares, SATS