EchoStar Corp. 13D/A Filing: Ownership Update
Ticker: SATS · Form: SC 13D/A · Filed: Jun 28, 2024 · CIK: 1415404
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
EchoStar 13D/A filed, Ergen & Telluray Holdings involved. Watch this space.
AI Summary
On June 28, 2024, EchoStar Corporation filed an SC 13D/A amendment, reporting changes in beneficial ownership. Cantey M. Ergen and Telluray Holdings, LLC are listed as group members, indicating potential coordinated activity. The filing pertains to EchoStar Corporation's Class A Common Stock.
Why It Matters
This filing signals potential shifts in control or significant stakeholder actions regarding EchoStar Corporation, which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a company's ownership structure or activist investor involvement, which can lead to volatility.
Key Numbers
- 278768 106 — CUSIP Number (Identifies EchoStar Corporation's Class A Common Stock)
Key Players & Entities
- EchoStar Corporation (company) — Subject company
- Cantey M. Ergen (person) — Group member
- Telluray Holdings, LLC (company) — Group member
- Charles W. Ergen (person) — Filing party
- Dean A. Manson (person) — Chief Legal Officer and Secretary of EchoStar Corporation
FAQ
What is the primary purpose of this SC 13D/A filing for EchoStar Corporation?
The filing is an amendment to Schedule 13D, indicating changes in beneficial ownership of EchoStar Corporation's Class A Common Stock.
Who are the listed group members in this filing?
The listed group members include Cantey M. Ergen and Telluray Holdings, LLC.
What is the CUSIP number for EchoStar Corporation's Class A Common Stock mentioned in the filing?
The CUSIP number is 278768 106.
What is the business address of EchoStar Corporation?
The business address is 9601 South Meridian Boulevard, Englewood, Colorado 80112.
Who is identified as a filing party in this amendment?
Charles W. Ergen is identified as a filing party.
Filing Stats: 4,958 words · 20 min read · ~17 pages · Grade level 8.4 · Accepted 2024-06-28 16:15:23
Key Financial Figures
- $0.001 — (Name of Issuer) CLASS A COMMON STOCK, $0.001 PAR VALUE PER SHARE (Title of Class of
Filing Documents
- tm2418451d1_sc13da.htm (SC 13D/A) — 156KB
- 0001104659-24-076286.txt ( ) — 158KB
is amended and restated as follows
Item 2 is amended and restated as follows: This statement is being filed jointly by: (a) Charles W. Ergen; (b) Cantey M. Ergen; (c) the 2022 December GRAT; (d) the 2023 May DISH GRAT; (e) the 2023 June GRAT; (f) the 2023 June DISH GRAT; (g) the 2023 December GRAT; (h) the 2024 May GRAT; and (i) Telluray Holdings, who are together referred to as the “Reporting Persons.” This Schedule 13D relates solely to, and is being filed for, shares held by Mr. and Mrs. Ergen, the 2022 December GRAT, the 2023 May DISH GRAT, the 2023 June GRAT, the 2023 June DISH GRAT, the 2023 December GRAT, the 2024 May GRAT and Telluray Holdings. (A) Charles W. Ergen Mr. Ergen’s principal occupation is Chairman of EchoStar, and his principal address is 9601 S. Meridian Blvd., Englewood, Colorado 80112. Mr. Ergen has not, dur