Fidelity (SATS) files Form 144 listing 35,088 Class A shares to sell

Rhea-AI Filing Summary

Fidelity Brokerage Services LLC submitted a Form 144 notice to sell Class A shares of SATS. The filing lists multiple lots of Class A securities tied to grants, ESPP purchases and restricted stock vesting with dated entries ranging from 06/14/2023 through 03/04/2026. The largest single lot shown is 35,088 shares listed on 03/04/2026. The schedule shows various smaller lots including 13,088 shares (01/01/2026), 1,537 shares (10/01/2025), and multiple ESPP purchase tranches.

Insights

Securities Compliance Analyst

Form 144 lists proposed resale lots by Fidelity Brokerage Services LLC rather than an executed open‑market sale.

The record shows dated securities tied to restricted stock vesting, ESPP purchases, and an option grant, with the largest lot of 35,088 shares on 03/04/2026. This is a regulatory notice of intent to sell under Rule 144.

Timing and transaction settlement details are not provided in the excerpt; subsequent filings or broker records would report actual sales and proceeds.

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	50088	5688872.70	157527391	03/04/2026	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	06/14/2023	Restricted Stock Vesting	Issuer			1	06/14/2023	Compensation
Class A	09/29/2023	ESPP Purchase	Issuer			42	09/29/2023	Cash
Class A	06/28/2024	ESPP Purchase	Issuer			139	06/28/2024	Cash
Class A	09/30/2024	ESPP Purchase	Issuer			85	09/30/2024	Cash
Class A	12/31/2024	ESPP Purchase	Issuer			108	12/31/2024	Cash
Class A	10/01/2025	Restricted Stock Vesting	Issuer			1537	10/01/2025	Compensation
Class A	01/01/2026	Restricted Stock Vesting	Issuer			13088	01/01/2026	Compensation
Class A	03/04/2026	Option Granted - 01/01/2024	Issuer			35088	03/04/2026	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

Nothing to Report

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)

FAQ

What does SATS Form 144 filed by Fidelity Brokerage Services LLC indicate?

It indicates a notice of intent to sell Class A shares. The filing lists dated lots from 06/14/2023 to 03/04/2026, including a 35,088-share lot on 03/04/2026.

Does the Form 144 mean SATS shares have already been sold?

No; Form 144 is a regulatory notice of proposed resale. The excerpt lists planned lots and dates but does not report completed transactions or settlement proceeds.

What types of securities are listed in the SATS Form 144?

The filing lists Class A shares associated with restricted stock vesting, ESPP purchases, and an option grant, with multiple dated tranches and share counts.

What is the largest lot shown in the SATS Form 144 excerpt?

The largest single lot shown is 35,088 Class A shares, dated 03/04/2026, as listed in the provided excerpt.

Will Form 144 disclose sale proceeds or prices for SATS shares?

No; this excerpt lists quantities and dates tied to grant or purchase events but does not include sale prices or proceeds. Completed-sale disclosures would appear in separate transaction reports.