SATS Insider Notice — 45,000 Class A Shares Via Fidelity, $3.61M Value

Rhea-AI Filing Summary

EchoStar Corporation (SATS) Form 144 notice reports a proposed sale of 45,000 Class A shares through Fidelity Brokerage Services, with an aggregate market value of $3,611,250.00. The filing lists 156,367,964 Class A shares outstanding and an approximate sale date of 09/08/2025 on NASDAQ. The securities were reported as acquired pursuant to an option granted on 04/01/2024, with the filer indicating acquisition/payment on 09/08/2025 and payment in cash. No sales by the filer in the past three months are reported. The notice includes the standard signature representation about absence of undisclosed material information.

Insights

Securities Analyst

TL;DR: Small proposed sale of 45,000 shares represents a negligible portion of outstanding stock and is likely non-material to market valuation.

The filing documents a proposed sale filed on Form 144 for 45,000 Class A shares valued at $3.61 million, executed through Fidelity and tied to an option granted 04/01/2024. Relative to 156.37 million shares outstanding, the position is roughly 0.03% of the float, indicating limited potential market impact. The filer reports no sales in the prior three months, and payment is noted as cash. Disclosure follows standard Rule 144 procedures; no earnings or operational data are included.

Corporate Governance Expert

TL;DR: Routine insider sale notice with required attestation; governance compliance appears standard from the filing content.

The Form 144 provides the required information about the seller, broker, share class, and acquisition source (an option grant). The attestation statement affirms no undisclosed material information and references potential 10b5-1 plan language, although no plan date is provided. From a governance perspective, the notice meets procedural requirements; the filing contains no indications of atypical timing or material governance events.

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	45000	3611250.00	156367964	09/08/2025	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	09/08/2025	Option Granted - 04/01/2024	Issuer			45000	09/08/2025	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 EchoStar's (SATS) Form 144 disclose?

The filing discloses a proposed sale of 45,000 Class A shares via Fidelity with an aggregate market value of $3,611,250 and an approximate sale date of 09/08/2025.

How were the EchoStar shares acquired for this sale?

The shares were acquired via an option granted on 04/01/2024, with acquisition/payment listed as 09/08/2025 and payment made in cash.

How many EchoStar Class A shares are outstanding according to the filing?

The filing reports 156,367,964 Class A shares outstanding.

Does the filer report any sales of EchoStar securities in the past three months?

No; the Form 144 states 'Nothing to Report' for securities sold during the past three months.

Which broker is handling the proposed EchoStar sale?

Fidelity Brokerage Services LLC (900 Salem Street, Smithfield RI) is identified as the broker.