[144] EchoStar Corporation SEC Filing

Rhea-AI Filing Summary

EchoStar Corporation (SATS) Form 144 notice shows a proposed sale of 50,062 Class A shares through Fidelity Brokerage Services with an aggregate market value of $3,066,566.42, planned for 08/29/2025 on NASDAQ. The shares were acquired by option grant on 04/01/2024 and are to be paid for in cash. The filer also reported two recent Class A sales by Paul W. Orban: 2,089 shares on 08/26/2025 for $113,223.80 and 29,060 shares on 08/27/2025 for $1,617,189.00. The form includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• None.

Negative

• Insider sale announced: Proposed sale of 50,062 Class A shares with aggregate market value of $3,066,566.42 scheduled for 08/29/2025.
• Recent insider sales reported: Paul W. Orban sold 2,089 shares (08/26/2025) for $113,223.80 and 29,060 shares (08/27/2025) for $1,617,189.00.

Insights

Securities Analyst

TL;DR: Insider sales totalling ~50k shares (~$3.07M) filed under Rule 144; recent nearby sales by Paul W. Orban also disclosed.

The filing documents a Rule 144 notice for 50,062 Class A shares with a stated aggregate market value of $3,066,566.42 and an intended sale date of 08/29/2025 through Fidelity Brokerage Services on NASDAQ. Acquisition is recorded as an option granted 04/01/2024 with payment in cash. The filing also lists two Class A sales by Paul W. Orban on 08/26/2025 and 08/27/2025 totaling 31,149 shares and gross proceeds of $1,730,412.80. From a market perspective, these disclosures inform shareholders and regulators of insider liquidity activity but do not by themselves state any undisclosed operational changes.

Corporate Governance Expert

TL;DR: Routine Rule 144 disclosure documenting insider sales and option exercise; includes standard attestation about material nonpublic information.

The notice follows Rule 144 reporting requirements: it identifies the class, broker, amount (50,062 shares), market value ($3,066,566.42), and planned sale date (08/29/2025). It notes the securities were acquired via an option granted on 04/01/2024 and will be paid in cash. The filing reiterates the signatory's representation that no undisclosed material adverse information exists. This is a compliance-focused disclosure rather than a corporate-action filing.

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	50062	3066566.42	156367964	08/29/2025	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	08/29/2025	Option Granted 04/01/2024	Issuer			50062	08/29/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Paul W. Orban 9601 South Meridian Boulevard Englewood CO 80112	Class A	08/26/2025	2089	113223.80
Paul W. Orban 9601 South Meridian Boulevard Englewood CO 80112	Class A	08/27/2025	29060	1617189.00

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 the Form 144 for EchoStar (SATS) disclose?

The form discloses a proposed sale of 50,062 Class A shares valued at $3,066,566.42, planned for 08/29/2025 on NASDAQ via Fidelity Brokerage Services.

How were the 50,062 shares acquired according to the filing?

The shares were acquired via an option granted on 04/01/2024, with payment to be made in cash on 08/29/2025.

Did the filing report any recent sales by insiders prior to this notice?

Yes. The filing lists sales by Paul W. Orban of 2,089 shares on 08/26/2025 for $113,223.80 and 29,060 shares on 08/27/2025 for $1,617,189.00.

Is there any statement about undisclosed material information in the Form 144?

Yes. The signer represents they do not know any material adverse information