EchoStar (SATS) director Akhavan exercises options and sells 52.6K shares

Rhea-AI Filing Summary

EchoStar CORP director and officer Hamid Akhavan reported a mix of option exercises and share sales in Class A Common Stock. On June 5, 2026, he exercised a total of 142,917 employee stock options at $14.04 per share, receiving the same number of shares. That day he also completed open-market sales totaling 52,586 shares at $121.00 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he holds 910,706 shares directly and 364 shares indirectly through a 401(k) plan.

Insights

Equity compensation and governance analyst

Akhavan executes options and sells shares under a 10b5-1 plan, with sizable holdings remaining.

Hamid Akhavan, a director and CEO of EchoStar Capital, exercised 142,917 employee stock options at $14.04 per share into Class A Common Stock, then sold 52,586 shares at $121.00 per share in open-market trades on June 5, 2026.

The filing notes the trades were made under a Rule 10b5-1 trading plan adopted on March 6, 2026, indicating they were pre-scheduled rather than opportunistic. Following the net-sell activity, he still directly holds 910,706 shares and indirectly holds 364 shares via a 401(k) plan.

This pattern reflects an exercise-and-sell sequence that monetizes part of his equity while maintaining a substantial ownership position. With the derivativeSummary showing no remaining options from these grants, the reported options were fully exercised, and subsequent company filings will show any new awards or additional plan activity.

Insider Trade Summary 10b5-1

Net Seller: 52,586 shares ($6,362,906)

Net Sell 7 txns

Insider Akhavan Hamid

Role CEO, EchoStar Capital

Sold 52,586 shs ($6.36M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	122,500	$14.04	$1.72M
Exercise	Employee Stock Option (Right to Buy)	20,417	$14.04	$287K
Exercise	Class A Common Stock	122,500	$14.04	$1.72M
Sale	Class A Common Stock	45,073	$121.00	$5.45M
Exercise	Class A Common Stock	20,417	$14.04	$287K
Sale	Class A Common Stock	7,513	$121.00	$909K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct, null); Class A Common Stock — 910,706 shares (Direct, null); Class A Common Stock — 364 shares (Indirect, I)

Footnotes (1)

1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026. By 401(K). 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. 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.

Key Figures

Shares sold: 52,586 shares Sale price: $121.00 per share Options exercised: 142,917 options +3 more

6 metrics

Shares sold 52,586 shares Open-market sales of Class A Common Stock on June 5, 2026

Sale price $121.00 per share Price for sales of Class A Common Stock

Options exercised 142,917 options Employee stock options converted into Class A Common Stock

Option exercise price $14.04 per share Exercise price of employee stock options

Direct holdings after transactions 910,706 shares Class A Common Stock held directly after June 5, 2026

Indirect holdings after transactions 364 shares Class A Common Stock held indirectly via 401(k)

Key Terms

Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), Class A Common Stock, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) with an exercise or conversion price of 14.0400."

Class A Common Stock financial

"Transactions in Class A Common Stock with total shares following transaction disclosed."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

open-market sale financial

"Transaction code S with description Sale in open market or private transaction."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"Transaction code M with description Exercise or conversion of derivative security."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Akhavan Hamid

(Last) (First) (Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ SATS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, EchoStar Capital

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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
Class A Common Stock	06/05/2026		M(1)		122,500	A	$14.04	910,706	D
Class A Common Stock	06/05/2026		S(1)		45,073	D	$121	865,633	D
Class A Common Stock	06/05/2026		M(1)		20,417	A	$14.04	886,050	D
Class A Common Stock	06/05/2026		S(1)		7,513	D	$121	878,537	D
Class A Common Stock								364	I	I(2)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	$14.04	06/05/2026		M(1)			122,500	(3)	04/01/2034	Class A Common Stock	122,500	$14.04	0	D
Employee Stock Option (Right to Buy)	$14.04	06/05/2026		M(1)			20,417	(4)	04/01/2034	Class A Common Stock	20,417	$14.04	40,834	D

Explanation of Responses:

1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026.

2. By 401(K).

3. 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.

4. 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.

	/s/ Hamid Akhavan by Dean A. Manson, Attorney-in-Fact	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did EchoStar (SATS) director Hamid Akhavan report in this Form 4?

Hamid Akhavan reported exercising 142,917 employee stock options at $14.04 per share and selling 52,586 shares of EchoStar Class A Common Stock at $121.00 per share, all on June 5, 2026, while retaining significant direct and indirect share ownership.

How many EchoStar (SATS) shares did Akhavan sell and at what price?

He sold a total of 52,586 shares of EchoStar Class A Common Stock in open-market transactions at $121.00 per share. These sales occurred on June 5, 2026, and were reported as code S transactions, indicating open-market or private sale activity.

How many EchoStar (SATS) stock options did Akhavan exercise?

Akhavan exercised 142,917 employee stock options with an exercise price of $14.04 per share, converting them into an equal number of EchoStar Class A shares. These exercises are reported with transaction code M, covering two separate option grants with the same strike price.

Were Akhavan’s EchoStar (SATS) share sales pre-planned under a Rule 10b5-1 plan?

Yes. A footnote states the reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2026. Such plans pre-schedule trades, indicating the timing was determined in advance rather than based on short-term market conditions.

What is Hamid Akhavan’s EchoStar (SATS) share ownership after these transactions?

After the reported trades, Akhavan directly owns 910,706 shares of EchoStar Class A Common Stock and indirectly owns 364 shares through a 401(k) plan. These figures reflect his position immediately following the June 5, 2026 option exercises and share sales.

What types of securities are involved in Akhavan’s EchoStar (SATS) Form 4?

The Form 4 covers Class A Common Stock and employee stock options described as “Employee Stock Option (Right to Buy).” The options had a $14.04 exercise price and were tied to vesting schedules detailed in the footnotes for different April vesting dates.