Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 22, 2025
Reporting period
Not applicable
Filed with the SEC
Dec 30, 2025
CEOIndirect holdingGrant / award
Context
Classification
grant award
Derivative acquisition at no reported price
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000904548-25-000008
Filed / recorded
Dec 30, 2025, 12:07 AM UTC
Added to OQRO
Oct 2, 2026, 12:27 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
EchoStar CORP
Issuer CIK
1415404
Ticker
SATS
Reporting person
Charles W Ergen
Relationship
Director, Officer, 10% owner
Officer title
CHAIRMAN, PRES and CEO
Security
Class B Common Stock
Table
Derivative (Table II)
Transaction date
Dec 22, 2025
Transaction code
J
Shares / units
16,978,158
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
52,169,024
Ownership form
Indirect — I
Amendment
No
Footnotes from the filing
The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration.
Pursuant to the terms of the Ergen Two-Year December 2023 SATS GRAT (the "2023 December GRAT"), on December 22, 2025, the 2023 December GRAT: (i) distributed 2,060,220 Class B shares held by the 2023 December GRAT to Mr. Ergen as an annuity payment; and (ii) contributed the remaining 16,978,158 Class B shares to Telluray Holdings in exchange for membership units in Telluray Holdings, and the 2023 December GRAT expired in accordance with its terms.
The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
