EchoStar CORP 4
0000904548-26-000011
View on SEC EDGARCharles W. Ergen and Cantey M. Ergen effected large, non‑market transfers of EchoStar Class B shares on July 10, 2026, moving 2.62M shares to Mr. Ergen and 15.94M shares into Telluray Holdings, LLC upon expiration of a GRAT.
On July 10, 2026, EchoStar Corp Chairman, President and CEO Charles W. Ergen and Senior Advisor Cantey M. Ergen reported non‑market transactions involving large blocks of Class B Common Stock related to the scheduled expiration and restructuring of a grantor retained annuity trust (GRAT). Specifically, 2,622,061 Class B shares were distributed from the Ergen Two-Year July 2024 SATS GRAT to Mr. Ergen as an annuity payment (reported as an acquisition) and the remaining 15,939,781 Class B shares were contributed from that GRAT to Telluray Holdings, LLC in exchange for membership interests (reported as a change in form of beneficial ownership). These moves consolidate ownership by moving shares from the GRAT into direct and LLC-held positions, but do not reflect open‑market buying or selling; they are part of an ongoing estate and tax-planning structure that includes several other GRATs holding tens of millions of Class B shares for the Ergen family. The transactions leave the Ergens with substantial ongoing beneficial ownership across direct, spousal, 401(k), charitable foundation, child, LLC, and GRAT accounts.
Filing Facts
- CIK
- 1415404
- Ticker
- ECHO
- Form
- 4
- Source Type
- sec
- Accession
- 0000904548-26-000011
- Alert Tier
- 7