Ergen Two-Year June 2020 SATS GRAT - Jun 1, 2021 Form 4 Insider Report for EchoStar CORP (SATS)

Role: 10%+ Owner
Signature: /s/ Cantey M. Ergen, Trustee of the Ergen Two-Year June 2020 SATS GRAT, by Dean A. Manson, her Attorney-in-Fact
Stock symbol: SATS
Transactions as of: Jun 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/3/2021, 04:58 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SATS	Class B Common Stock	Gift	$0	-2.7M	-54.01%	$0.00	2.3M	Jun 1, 2021	Class A Common Stock	2.7M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year June 2020 SATS GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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.
F2	On June 1, 2020, Mr. Charles W. Ergen established the Ergen Two-Year June 2020 SATS GRAT (the "2020 June GRAT") and contributed a total of 5,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 June GRAT, 2,700,309 Class B shares were distributed as an annuity payment to Mr. Ergen on June 1, 2021, with the 2020 June GRAT retaining 2,299,691 Class B shares. The 2020 June GRAT is scheduled to expire in accordance with its terms on June 1, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 June GRAT.

Content

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.

On June 1, 2020, Mr. Charles W. Ergen established the Ergen Two-Year June 2020 SATS GRAT (the "2020 June GRAT") and contributed a total of 5,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 June GRAT, 2,700,309 Class B shares were distributed as an annuity payment to Mr. Ergen on June 1, 2021, with the 2020 June GRAT retaining 2,299,691 Class B shares. The 2020 June GRAT is scheduled to expire in accordance with its terms on June 1, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 June GRAT.