M&A - ERGEN CHARLES W

Form Type: SCHEDULE 13D/A

Filing Date: 2025-05-14

Corporate Action: Merger

Type: Update

Accession Number: 000110465925048529

Filing Summary: On May 12, 2025, Charles W. Ergen reported an update on his beneficial ownership of EchoStar Corporation's Class A and Class B Common Stock following activities related to an expiration of trusts and annuity payments. The 2023 May DISH GRAT distributed all 7,563,458 shares of Class B Common Stock to Ergen, leading to its expiration. Additionally, the 2024 May GRAT distributed 2,693,115 shares to Ergen, retaining an ownership of 3,306,885 Class B shares. This report includes the voting and dispositive powers over shares held directly and indirectly by Ergen and associated entities, specifically concerning the upcoming merger with DISH Network, in which Ergen's voting power remains substantial despite agreeing to voting restrictions for three years post-merger. It was noted that under a pre-existing support agreement, any changes in the voting powers of Class A Common Stock are to be closely monitored in relation to the merger.