SATS (NASDAQ: SATS) planned sale of 52,586 Class A shares via option exercise

Rhea-AI Filing Summary

SATS reported a proposed sale of 52,586 Class A shares via a stock option exercise to occur on 06/05/2026. The notice lists the sale method as cash. The filing also records that Hamid Akhavan sold 71,005 Class A shares on 03/06/2026 for $7,634,571.21.

Insights

Equity Transactions Specialist

Form 144 lists a proposed option-exercise sale of 52,586 Class A shares on 06/05/2026.

The filing documents a stock option exercise as the method of sale and lists 06/05/2026 as the intended sale date. It does not specify any lockups or issuer proceeds beyond the cash exercise designation.

Past activity shows an earlier sale by Hamid Akhavan of 71,005 shares on 03/06/2026 for $7,634,571.21, which provides recent transaction context; timing and final execution details are not provided in the excerpt.

Key Figures

Proposed shares to be sold: 52,586 shares Prior shares sold: 71,005 shares Proceeds from prior sale: $7,634,571.21 +2 more

5 metrics

Proposed shares to be sold 52,586 shares Stock option exercise scheduled for <date>06/05/2026</date>

Prior shares sold 71,005 shares Sold by Hamid Akhavan on <date>03/06/2026</date>

Proceeds from prior sale $7,634,571.21 Proceeds reported for the 03/06/2026 sale

Record/related identifier 158,465,020 Number listed in filing excerpt (context not specified)

Another numeric field 6,362,906.00 Number listed in filing excerpt (context not specified)

Key Terms

Form 144, stock option exercise, Class A shares

3 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

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

"Securities To Be Sold | Stock Option Exercise"

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 shares market

"Class A | Securities To Be Sold"

Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.

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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

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	52586	6362906.00	158465020	06/05/2026	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	06/05/2026	Stock Option Exercise	Issuer			52586	06/05/2026	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 CO 80112	Class A	03/06/2026	71005	7634571.21

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 disclose about the sale?

The filing discloses a proposed sale of 52,586 Class A shares via a stock option exercise scheduled for 06/05/2026. It lists the sale method as cash and does not state price or purchaser details in the excerpt.

Who sold shares previously for SATS and how many?

Hamid Akhavan sold 71,005 Class A shares on 03/06/2026, with proceeds reported as $7,634,571.21. The filing presents that prior sale as part of recent transaction history.

Does the Form 144 show proceeds received by the issuer (SATS)?

The excerpt lists the 06/05/2026 transaction method as a stock option exercise and Cash is noted, but the filing text does not specify whether proceeds flow to the issuer or selling holder in this excerpt.

What is the timing specified in the filing for the proposed sale?

The proposed sale date shown is 06/05/2026. The earlier sale by Hamid Akhavan occurred on 03/06/2026, as recorded in the filing excerpt.