Chief Executive Officer, EchoStar Capital, President and Chief Executive Officer Hughes — Mr. Hamid Akhavan: Mr. Akhavan resigned from all positions with the Company and Hughes due to discussions regarding a change of strategic direction.

Chief Legal Officer and Secretary — Dean Manson: Mr. Dean Manson is stepping down as Chief Legal Officer and Secretary to take a career break.

Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. ​ EchoStar Corporation (“EchoStar”) has elected not to make approximately $183 million in cash interest payments due on June 1, 2026 (the “Interest Payments”) with respect to its DISH DBS Corporation (“DDBS”) subsidiary’s 5.25% secured notes due 2026 (the “2026 Notes”), 5.75% secured notes due 2028 (the “2028 Notes”) and 5.125% unsecured notes due 2029 (the “202…

below. ​ The RSA adds certain protections for the DDBS Notes and adds financial flexibility and strategic optionality for the company, including increased flexibility to engage in potential M&A transactions. In addition, the DDBS noteholders and the Company mutually agreed that all pending litigation would be dismissed with prejudice. ​ The foregoing description of the RSA does not purport to be complete and is qualified in its entirety by reference to the RSA, which is filed herewith as Exhi…

Entry into a Material Definitive Agreement On March 19, 2026, EchoStar Corporation, DISH Network Corporation, DISH DBS Corporation (“DDBS”) and certain of DDBS’s subsidiaries (DDBS and its subsidiaries, collectively, the “Company”) entered into a Restructuring Support Agreement (the “RSA” and the transactions contemplated thereby, the “Transactions”) with an ad hoc group (the “AHG”) representing more than 82% of holders of debt securities issued by DDBS (the “DDBS Notes”). The Transactions co…

Chief Executive Officer — Mr. Hamid Akhavan: Mr. Hamid Akhavan was promoted to Chief Executive Officer of EchoStar Capital.

Entry into a Material Definitive Agreement . ​ Amended and Restated License Purchase Agreement ​ On November 5, 2025, EchoStar Corporation, a Nevada corporation (“ EchoStar ” or the “ Company ”), Space Exploration Technologies Corp., a Texas corporation (“ Purchaser ”), and Spectrum Business Trust 2025-1, a Nevada Business Trust (“ Trust ”), entered into an Amended and Restated License Purchase Agreement (the “Amended and Restated License Purchase Agreement,” and the transactions contemplated…

Chairman, President and Chief Executive Officer of the Company — Charles W. Ergen: Charles W. Ergen has been appointed as Chairman, President and Chief Executive Officer of the Company in connection with the creation of a new division.

Entry into a Material Definitive Agreement . License Purchase Agreement ​ On September 7, 2025, EchoStar Corporation, a Nevada corporation (“EchoStar” or “Seller”), Space Exploration Technologies Corp., a Texas corporation (“Purchaser”), and Spectrum Business Trust 2025-1, a Nevada Business Trust (“Trust”), entered into a License Purchase Agreement (the “License Purchase Agreement,” and the transactions contemplated thereby, the “Transactions”). ​ Pursuant to the terms and subject to the cond…

Entry into a Material Definitive Agreement . License Purchase Agreement ​ On August 25, 2025, EchoStar Corporation, a Nevada corporation (“EchoStar” or “Seller”), and the other Seller Parties named therein, (together with Seller, the “Seller Parties” and each a “Seller Party”) and AT&T Mobility II LLC, a Delaware limited liability company (“Buyer”), a subsidiary of AT&T Inc. (“AT&T or “Buyer”) entered into a License Purchase Agreement (the “License Purchase Agreement,” and the transactions co…

Other Events. On July 29, 2025, DISH DBS Corporation (“DDBS”), a subsidiary of EchoStar Corporation (“EchoStar” and, together with its subsidiaries, the “Company”), notified the trustee for its 7.75% senior notes due 2026 (the “2026 Notes”) and its 7.375% senior notes due 2028 (the “2028 Notes” and, together with the 2026 Notes, the “Senior Notes”) that, on July 30, 2025, DDBS would make the scheduled interest payments originally due on July 1, 2025 on the Senior Notes, in each case including…

Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. ​ Because reaching an acceptable resolution of the FCC inquiries is not assured, the Company must continue to evaluate the deployment of its resources. In light of this continued uncertainty, DDBS has elected not to make a $77.5 million cash interest payment due on July 1, 2025 with respect to the 7.75% senior notes due 2026 (the “2026 Notes”) and a $36.875 mill…

Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. In light of the uncertainty raised by the Federal Communications Commission (“FCC”) review disclosed in our Form 8-K’s filed on May 28, 2025 and May 30, 2025, EchoStar Corporation (“EchoStar”) has elected not to make approximately $183 million in cash interest payments due on June 2, 2025 (the “Interest Payments”) with respect to our DISH DBS Corporation (“DDBS”…

Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. As previously disclosed in our Form 8-K filed on May 28, 2025, EchoStar Corporation (“EchoStar”) received a letter from the Chairman of the Federal Communications Commission (the “FCC”) on May 9, 2025, indicating that the FCC was beginning a review of our compliance with certain of our federal obligations to provide 5G service in the United States and raising ce…

Director — Mr. James DeFranco: Mr. DeFranco resigned from the board of directors of DISH DBS Corporation.

Termination of a Material Definitive Agreement . As previously disclosed, on September 29, 2024, EchoStar Corporation, a Nevada corporation (the “ Company ”), and DIRECTV Holdings, LLC, a Delaware limited liability company (“ DIRECTV ”), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”), pursuant to which and subject to the terms and conditions therein, DIRECTV would acquire from the Company all of the issued and outstanding equity interests of DISH DBS Corporation, a Col…

Entry into a Material Definitive Agreement. Exchange Offers and Consent Solicitations On November 12, 2024 (the “ Settlement Date ”), EchoStar Corporation (the “ Company ”) completed its previously announced (i) offers to exchange (the “ Exchange Offers ”) any and all of the 0% Convertible Notes due 2025 issued by DISH Network Corporation (“ DISH ” and such notes, the “ DISH Network 2025 Notes ”) and any and all of the 3.375% Convertible Notes due 2026 issued by DISH Network (the “ DISH Netwo…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in

Other Events. On November 12, 2024, the Company consummated its previously disclosed private placement with certain accredited investors (the “ PIPE Investors ”), pursuant to which it issued an aggregate of 14,265,334 shares of its Class A common stock, par value $0.001 per share (the “ PIPE Shares ”) to the PIPE Investors at $28.04 per share. The Company received an aggregate of approximately $400 million. The PIPE Shares were issued to the PIPE Investors pursuant to and in accordance with t…

Unregistered Sales of Equity Securities. The disclosure set forth above in

Entry into a Material Definitive Agreement Equity Purchase Agreement On September 29, 2024, EchoStar Corporation, a Nevada corporation (the “ Company ”), and DIRECTV Holdings, LLC, a Delaware limited liability company (“ Purchaser ”), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”). Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, Purchaser agreed to acquire from the Company all of the issued and outstanding equity interests of DI…

Other. On January 12, 2024, EchoStar Corporation (“EchoStar”) issued a press release, announcing that it commenced exchange offers and consent solicitations with respect to the 0% Convertible Notes due 2025 and the 3.375% Convertible Notes due 2026 issued by its subsidiary DISH Network Corporation (“DISH”), furnished herewith as Exhibit 99.1. On January 16, 2024, EchoStar issued a press release, announcing that, DISH DBS Issuer LLC, an indirect subsidiary of both EchoStar and DISH DBS Corpora…

Director — Timothy Messner: Mr. Timothy Messner resigned from the board of directors, but will continue as an officer, and Mr. Tom Ortolf was appointed as a new director.

Entry into a Material Definitive Agreement. Registration Rights Agreement In connection with the completion of the Merger, and pursuant to the Amended and Restated Support Agreement, dated as of October 2, 2023, by and among Charles W. Ergen, Cantey M. Ergen, Ergen Two-Year March 2022 SATS GRAT, Ergen Two-Year June 2022 SATS GRAT, Ergen Two-Year December 2022 SATS GRAT, Ergen Two-Year June 2023 SATS GRAT, Ergen Two-Year December 2021 DISH GRAT, Ergen Two-Year December 2022 DISH GRAT, Ergen Tw…

The EchoStar Common Stock issued to the Ergen Stockholders pursuant to the Merger in exchange for such stockholders’ DISH Common Stock was not registered under the Securities Act, in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act.