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Hamid Akhavan (ECHO) files to sell 26,567 Class A shares after recent sales

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Hamid Akhavan filed a notice to sell 26,567 Class A shares of ECHO through Fidelity Brokerage Services on August 6, 2026, related to a stock option exercise with sales on NASDAQ. The filing also lists several sizeable Class A share sales during the prior three months.

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Proposed shares to be sold 26,567 shares Class A sale dated August 6, 2026 on NASDAQ via Fidelity Brokerage Services
June 5, 2026 sale 52,586 shares; $6,362,906.00 Class A shares sold by Hamid Akhavan on June 5, 2026
August 4, 2026 sale 52,000 shares; $4,659,231.20 Class A shares sold by Hamid Akhavan on August 4, 2026
August 5, 2026 sale 26,563 shares; $2,365,278.43 Class A shares sold by Hamid Akhavan on August 5, 2026
Broker Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917 Broker handling the proposed August 6, 2026 Class A share sale
Form 144 regulatory
"144: Securities To Be Sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
stock option exercise financial
"Class A | 08/06/2026 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
Class A financial
"Class A | Fidelity Brokerage Services LLC"
Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.
Fidelity Brokerage Services LLC financial
"Class A | Fidelity Brokerage Services LLC 900 Salem Street"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What transaction does the Form 144 filing for ECHO report?
The filing reports that Hamid Akhavan plans to sell 26,567 Class A shares of ECHO, in connection with a stock option exercise, with the transaction dated August 6, 2026 and routed through Fidelity Brokerage Services.

How many ECHO Class A shares are proposed to be sold on August 6, 2026?
The filing shows a proposed sale of 26,567 Class A shares of ECHO on August 6, 2026 on NASDAQ, associated with a stock option exercise and executed via Fidelity Brokerage Services LLC.

What prior ECHO share sales by Hamid Akhavan are disclosed in this Form 144?
The filing lists prior Class A sales by Hamid Akhavan of 52,586 shares on June 5, 2026, 52,000 shares on August 4, 2026, and 26,563 shares on August 5, 2026.

What dollar values are reported for Hamid Akhavan’s recent ECHO share sales?
Reported sale values are $6,362,906.00 for 52,586 shares on June 5, 2026, $4,659,231.20 for 52,000 shares on August 4, 2026, and $2,365,278.43 for 26,563 shares on August 5, 2026.

Which broker and market are involved in the proposed ECHO share sale?
The proposed sale of 26,567 Class A shares on August 6, 2026 is shown as routed through Fidelity Brokerage Services LLC and to be traded on NASDAQ.

Who is the selling security holder in the ECHO Form 144 filing?
The selling security holder is Hamid Akhavan, whose address is listed as 9601 South Meridian Boulevard, Englewood, CA 80112, and who reports multiple recent sales of ECHO Class A shares.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR