Sec Form 4 Filing - Swieringa John @ EchoStar CORP - 2024-04-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Swieringa John 2. Issuer Name and Ticker or Trading Symbol EchoStar CORP [ SATS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) PRES & COO DISH WIRELESS (Last) (First) (Middle) 9601 S. MERIDIAN BLVD. 3. Date of Earliest Transaction (MM/DD/YY) 04/01/2024 (Street) ENGLEWOOD, CO80112 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (Right To Buy) $ 57.01 04/01/2024 D( 1 ) 109,709 ( 2 ) 07/22/2032 Class A Common Stock 109,709 $ 0 0 D Employee Stock Option (Right To Buy) $ 57.01 04/01/2024 D( 1 ) 29,824 ( 3 ) 07/22/2032 Class A Common Stock 29,824 $ 0 0 D Employee Stock Option (Right To Buy) $ 57.01 04/01/2024 D( 1 ) 1,871 ( 4 ) 07/22/2032 Class A Common Stock 1,871 $ 0 0 D Employee Stock Option (Right To Buy) $ 57.01 04/01/2024 D( 1 ) 35,086 ( 5 ) 02/01/2032 Class A Common Stock 35,086 $ 0 0 D Employee Stock Option (Right To Buy) $ 14.04 04/01/2024 A( 1 ) 91,202 ( 6 ) 04/01/2034 Class A Common Stock 91,202 $ 0 91,202 D Employee Stock Option (Right to Buy) $ 14.04 04/01/2024 A( 1 ) 67,745 ( 7 ) 04/01/2034 Class A Common Stock 67,745 $ 0 67,745 D Employee Stock Option (Right to Buy) $ 14.04 04/01/2024 A( 1 ) 17,543 ( 5 ) 04/01/2034 Class A Common Stock 17,543 $ 0 17,543 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Swieringa John 9601 S. MERIDIAN BLVD. ENGLEWOOD, CO80112 PRES & COO DISH WIRELESS Signatures /s/ John W. Swieringa, by Dean A. Manson, Attorney-in-Fact 04/03/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The transactions reported herein reflect the exchange of "underwater" options to acquire shares of the Issuer's Class A Common Stock pursuant to the terms and conditions set forth in the Issuer's Offer to Exchange Eligible Stock Options dated March 4, 2024, which expired on April 1, 2024 (the "Exchange"). Effective April 1, 2024, the Issuer cancelled the options the Reporting Person elected to exchange and granted to the Reporting Person new options with, among other new terms, a new exercise price, a different vesting schedule and in certain cases a different number of options, for options that are not subject to achievement of certain performance criteria. The new exercise price is $14.04, which is the closing price of the Issuer's Class A Common Stock on April 1, 2024. ( 2 )40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024 and July 1, 2025. ( 3 )The shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024, July 1, 2025, July 1, 2026 and July 1, 2027. ( 4 )The grant is subject to achievement of certain performance criteria prior to December 31, 2023 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities. ( 5 )The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities. ( 6 )40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026. ( 7 )The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028.

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