ECHO (ECHO) insider Hamid Akhavan files to sell 26,563 Class A shares

Rhea-AI Filing Summary

Hamid Akhavan filed to sell up to 26,563 Class A shares of ECHO through Fidelity Brokerage Services LLC on or after August 5, 2026, following a stock option exercise for cash. The filing also reports sales in the prior three months: 52,586 Class A shares on June 5, 2026 for $6,362,906.00, and 52,000 Class A shares on August 4, 2026 for $4,659,231.20.

Key Figures

Shares planned for sale: 26,563 shares Sale value June 5, 2026: $6,362,906.00 Sale value August 4, 2026: $4,659,231.20 +2 more

5 metrics

Shares planned for sale 26,563 shares Class A shares to be sold on or after August 5, 2026

Sale value June 5, 2026 $6,362,906.00 52,586 Class A shares sold during past 3 months

Sale value August 4, 2026 $4,659,231.20 52,000 Class A shares sold during past 3 months

Shares sold June 5, 2026 52,586 shares Class A shares sold by Hamid Akhavan

Shares sold August 4, 2026 52,000 shares Class A shares sold by Hamid Akhavan

Key Terms

Form 144, Stock Option Exercise, broker-dealer

3 terms

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 | 08/05/2026 | 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.

broker-dealer financial

"Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

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Available on EDGAR 08/05/2026 - 03:18 PM Accepted by SEC EDGAR 08/05/2026 - 03:18 PM Learn about SEC filing dates

FAQ

What does ECHO's latest Form 144 filing by Hamid Akhavan disclose?

The Form 144 filing shows Hamid Akhavan plans to sell up to 26,563 Class A shares of ECHO following a stock option exercise for cash, with sales handled by Fidelity Brokerage Services LLC on or after August 5, 2026.

How many ECHO (ECHO) shares does Hamid Akhavan plan to sell under this Form 144?

Hamid Akhavan plans to sell up to 26,563 Class A shares of ECHO. These shares originate from a stock option exercise, with the planned sale date listed as August 5, 2026, and execution through Fidelity Brokerage Services LLC.

What recent ECHO (ECHO) share sales by Hamid Akhavan are listed in the past 3 months?

The filing lists two prior ECHO sales: 52,586 Class A shares on June 5, 2026 for $6,362,906.00, and 52,000 Class A shares on August 4, 2026 for $4,659,231.20, both reported as Class A stock transactions.

What transaction type is associated with the new ECHO (ECHO) shares in Hamid Akhavan’s Form 144?

The 26,563 Class A shares in the new Form 144 are tied to a Stock Option Exercise by the issuer, with settlement in cash and a planned sale date of August 5, 2026.

Which broker-dealer is handling Hamid Akhavan’s planned ECHO (ECHO) share sale?

The planned sale of 26,563 Class A shares of ECHO will be handled by Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, according to the Form 144 disclosure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	26563	2365279.15	159142240	08/05/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	08/05/2026	Stock Option Exercise	Issuer			26563	08/05/2026	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Hamid Akhavan 9601 South Meridian Boulevard Englewood CA 80112	Class A	06/05/2026	52586	6362906.00
Hamid Akhavan 9601 South Meridian Boulevard Englewood CA 80112	Class A	08/04/2026	52000	4659231.20

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)