ECHOSTAR CORP

Ticker: SATS CUSIP: 278768106 Class: EQTY

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 31,800 Value ($000) $3,457 Avg Close $81.43 Range $65.76 - $111.39

Q3 2025

Shares 32,000 Value ($000) $2,444 Avg Close $45.28 Range $26.04 - $85.37

Q2 2025

Shares 32,300 Value ($000) $895 Avg Close $21.97 Range $14.90 - $29.16

Q1 2025

Shares 28,900 Value ($000) $739 Avg Close $27.19 Range $22.23 - $32.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	31,800	$3,457	$81.43	$65.76 - $111.39
Q3 2025	32,000	$2,444	$45.28	$26.04 - $85.37
Q2 2025	32,300	$895	$21.97	$14.90 - $29.16
Q1 2025	28,900	$739	$27.19	$22.23 - $32.48