[144] EchoStar Corporation SEC Filing

Rhea-AI Filing Summary

EchoStar Corporation (SATS) Form 144 notice: The filer intends to sell 132,996 Class A shares through Fidelity Brokerage Services LLC on 09/09/2025 on NASDAQ, with an aggregate market value of $10,799,359.79. The total Class A shares outstanding reported on the form are 156,367,964.

The shares to be sold were largely acquired via issuer grants and ESPP purchases between 2014 and 2025, including two option grants dated 04/01/2024 (92,472 shares) and 01/01/2024 (35,087 shares). The filer certifies no undisclosed material adverse information and reports nothing to report for securities sold in the past three months.

Positive

• Full disclosure of proposed sale: 132,996 Class A shares, broker, exchange, and approximate sale date provided
• Detailed acquisition history: Line-by-line acquisition dates and nature (options, ESPP, restricted stock vesting) are listed
• No sales in past three months: The filer reports "Nothing to Report" for securities sold during the past three months
• Filer certification: Signature section affirms no undisclosed material adverse information

Negative

• Significant notional value: Aggregate market value of the proposed sale is $10,799,359.79 (explicitly disclosed)
• Concentration of recent option grants: Two option grants from 2024 account for the majority of the shares to be sold (92,472 and 35,087)

Insights

Securities Analyst

TL;DR: Routine insider sale notice for 132,996 shares, disclosed under Rule 144 with clear acquisition history and no recent prior sales reported.

The filing is a standard Form 144 notifying the market of a proposed sale of 132,996 Class A shares with an aggregate market value of $10,799,359.79. The transaction is routed through Fidelity Brokerage Services LLC with an indicated sale date of 09/09/2025 on NASDAQ. Acquisition details list option grants (2024) and numerous ESPP purchases dating back to 2014, showing the holdings originate from compensation and employee purchase plans. The filer also states there were no issuer-related sales in the past three months and represents no undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 compliance; signature attests to absence of undisclosed material information.

The form documents compliance steps required for insider sales under Rule 144, including broker identification, share counts, acquisition provenance, and the filer’s certification regarding material information. The record includes detailed acquisition dates and payment nature (cash or compensation) for each lot. The filing includes the required broker address and specifies the exchange and approximate sale date, satisfying standard disclosure expectations for an insider sale notice.

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	132996	10799359.79	156367964	09/09/2025	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	09/09/2025	Option Granted - 04/01/2024	Issuer			92472	09/09/2025	Cash
Class A	09/09/2025	Option Granted - 01/01/2024	Issuer			35087	09/09/2025	Cash
Class A	12/31/2014	ESPP Purchase	Issuer			8	12/31/2014	Cash
Class A	03/31/2015	ESPP Purchase	Issuer			7	03/31/2015	Cash
Class A	06/30/2015	ESPP Purchase	Issuer			9	06/30/2015	Cash
Class A	09/30/2015	ESPP Purchase	Issuer			8	09/30/2015	Cash
Class A	12/31/2015	ESPP Purchase	Issuer			5	12/31/2015	Cash
Class A	03/31/2016	ESPP Purchase	Issuer			5	03/31/2016	Cash
Class A	06/30/2016	ESPP Purchase	Issuer			6	06/30/2016	Cash
Class A	09/30/2016	ESPP Purchase	Issuer			5	09/30/2016	Cash
Class A	12/30/2016	ESPP Purchase	Issuer			4	12/30/2016	Cash
Class A	03/31/2017	ESPP Purchase	Issuer			5	03/31/2017	Cash
Class A	06/30/2017	ESPP Purchase	Issuer			4	06/30/2017	Cash
Class A	09/29/2017	ESPP Purchase	Issuer			5	09/29/2017	Cash
Class A	12/29/2017	ESPP Purchase	Issuer			5	12/29/2017	Cash
Class A	03/29/2018	ESPP Purchase Issuer	Issuer			8	03/29/2018	Cash
Class A	06/29/2018	ESPP Purchase	Issuer			7	06/29/2018	Cash
Class A	09/28/2018	ESPP Purchase	Issuer			8	09/28/2018	Cash
Class A	12/31/2018	ESPP Purchase	Issuer			9	12/31/2018	Cash
Class A	03/29/2019	ESPP Purchase	Issuer			9	03/29/2019	Cash
Class A	06/28/2019	ESPP Purchase	Issuer			6	06/28/2019	Cash
Class A	09/30/2019	ESPP Purchase	Issuer			8	09/30/2019	Cash
Class A	12/16/2019	Open Market Purchase	Issuer			7	12/16/2019	Cash
Class A	12/31/2019	ESPP Purchase	Issuer			7	12/31/2019	Cash
Class A	03/31/2020	ESPP Purchase	Issuer			14	03/31/2020	Cash
Class A	06/30/2020	ESPP Purchase	Issuer			7	06/30/2020	Cash
Class A	07/01/2020	Restricted Stock Vesting	Issuer			25	07/01/2020	Compensation
Class A	09/30/2020	ESPP Purchase	Issuer			10	09/30/2020	Cash
Class A	12/31/2020	ESPP Purchase	Issuer			9	12/31/2020	Cash
Class A	03/31/2021	ESPP Purchase	Issuer			7	03/31/2021	Cash
Class A	06/30/2021	ESPP Purchase	Issuer			3	06/30/2021	Cash
Class A	09/30/2021	ESPP Purchase	Issuer			3	09/30/2021	Cash
Class A	12/31/2021	ESPP Purchase	Issuer			4	12/31/2021	Cash
Class A	01/01/2022	Restricted Stock Vesting	Issuer			170	01/01/2022	Compensation
Class A	03/31/2022	ESPP Purchase	Issuer			4	03/31/2022	Cash
Class A	06/30/2022	ESPP Purchase	Issuer			14	06/30/2022	Cash
Class A	09/30/2022	ESPP Purchase	Issuer			21	09/30/2022	Cash
Class A	12/30/2022	ESPP Purchase	Issuer			22	12/30/2022	Cash
Class A	01/01/2023	Restricted Stock Vesting	Issuer			4952	01/01/2023	Compensation
Class A	03/31/2023	ESPP Purchase	Issuer			27	03/31/2023	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 form discloses a proposed sale of 132,996 Class A shares on NASDAQ via Fidelity Brokerage Services LLC on 09/09/2025 with an aggregate market value of $10,799,359.79.

How were the shares being sold acquired?

Acquisitions include option grants (notably 04/01/2024 and 01/01/2024), ESPP purchases from 2014–2023, restricted stock vesting, and an open market purchase.

Does the filing report any sales in the past three months?

No. The form states "Nothing to Report" for securities sold during the past three months.

Through which broker will the sale be executed?

Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917, is named as the broker.

What certification does the filer make on Form 144?

The filer represents by signing the notice that they do not know any material adverse information regarding the issuer that has not been publicly disclosed.