SCHEDULE: Redwood Capital Discloses 4.6% EchoStar Stake

Redwood Capital Management LLC and its affiliates reported a 4.6% beneficial ownership stake in EchoStar Corporation's Class A common stock as of September 30, 2025.

Summary

• Redwood Capital Management LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, and Ruben Kliksberg collectively reported beneficial ownership of 7,204,035 shares of EchoStar Corporation's Class A common stock.
• This ownership represents 4.6% of the Class A common stock, $0.001 par value, of EchoStar Corporation.
• The shares are held with shared voting power and shared dispositive power by all reporting persons.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of EchoStar Corporation.
• The beneficial ownership date for this filing is September 30, 2025.

Sentiment

Score: 5

Explanation: This is a routine Schedule 13G filing disclosing beneficial ownership, which is neutral in sentiment regarding the issuer's performance or outlook. It simply reports an existing stake.

Positives

• The filing indicates institutional interest in EchoStar Corporation's Class A common stock, with Redwood Capital Management LLC and its affiliates holding a significant stake.

Negatives

• The filing is a routine disclosure of beneficial ownership and does not contain information that would be considered negative for EchoStar Corporation.

Risks

• No specific risks related to EchoStar Corporation's operations or financial health are mentioned in this beneficial ownership disclosure.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not provide any forward-looking statements or guidance regarding EchoStar Corporation's future outlook.

Management Comments

• Ruben Kliksberg, as Managing Member for Redwood Capital Management LLC, Redwood Capital Management Holdings, LP, and Double Twins K, LLC, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

This filing reflects a standard institutional investment disclosure, indicating that Redwood Capital Management LLC and its related entities hold a passive stake in EchoStar Corporation. It does not provide specific insights into broader industry trends or competitive positioning beyond the fact of this investment.

Comparison to Industry Standards

• This is a standard Schedule 13G filing, which is a common regulatory requirement for institutional investors acquiring more than 5% of a company's stock, or in this case, an amendment to a previous filing. The reported 4.6% ownership is a notable institutional holding, though it falls below the 5% threshold that typically triggers initial 13G filings for passive investors.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings in EchoStar Corporation.
• Investors: Offers insight into the ownership structure and institutional interest in the company.

Next Steps

• No specific future actions or milestones for EchoStar Corporation or the reporting persons are mentioned in this filing beyond the ongoing beneficial ownership.

Key Dates

Keywords

EchoStar, Class A common stock, Schedule 13G, beneficial ownership, Redwood Capital Management, institutional ownership, SEC filing