Employee Stock Purchase Plan (ESPP)

#FinancialPlanning #PayBenefits #SavingMoney

Last updated date: 10/24/2024

As an employee, you have the opportunity to share in our company’s financial future through the ownership of company stock.

The Employee Stock Purchase Plan (ESPP) allows you to purchase EchoStar Class A Common Stock (ticker symbol SATS) at a discounted rate below fair market value, without paying brokerage commissions upon purchase. You can contribute to the ESPP through convenient after-tax payroll deductions. On the last day of each quarter, EchoStar will purchase stock on your behalf using your accumulated payroll deductions. Stock purchased on your behalf will be deposited into your ESPP account administered by Fidelity. This benefit is another way we offer you unique value as an EchoStar employee ― and a potentially valuable addition to your long-term savings.

The Employee Stock Purchase Plan can help support your financial goals in a variety of ways, including:

Company ownership.

The plan enables you to participate in EchoStar ownership by becoming a shareholder.

Saving made easy.

Through after-tax deductions each pay period, you’ll regularly — and very simply — set aside money to invest in EchoStar common stock.

Eligibility and enrollment

Eligibility	You must be a regular employee who has completed one full calendar quarter of employment and is scheduled to work at least 20 or more hours per week.
Your Contributions	Your contributions¹ are made through payroll deductions on an after-tax basis. Minimum contribution: $8.00 per paycheck Maximum annual purchase: $21,250 ($25,000 less the 15% discount)
How to Enroll	You can enroll in the ESPP through HR Link (for legacy DISH employees) or the Fidelity website (for legacy EchoStar employees). Prior to the start of each quarter, there will be an enrollment window for you to elect, withdraw, or change your contribution amount. Your new deduction will go into effect on the first day of the following quarter.²
Discount Rate	15%

¹ If you experience financial hardship, as defined by the Plan, you may suspend/change your deductions at any time.

² New elections and any changes to deductions are subject to EchoStar’s Insider Trading Policy.

Participants will be required to hold shares of stock purchased through the ESPP for a minimum of 180 days from the purchase date. After that, you can continue to hold the stock or sell at any time.

To learn more or enroll, visit the Fidelity website or call 1-800-544-9354.