[144] EchoStar Corporation SEC Filing

Rhea-AI Filing Summary

EchoStar Corporation (SATS) Form 144 notice shows a proposed sale of 60,000 Class A shares through Fidelity Brokerage Services on NASDAQ with an aggregate market value of $4,874,536.28 and approximately 156,367,964 shares outstanding. The filer reports acquiring the 60,000 shares by an option granted on 04/01/2024 and indicates the intended sale and payment date of 09/09/2025 for cash proceeds. The filing also discloses a prior sale by Dean A. Manson of 25,000 Class A shares on 07/09/2025 for $825,000. The signer represents they are not aware of undisclosed material adverse information about the issuer.

Positive

• Transparency: The filing provides required details on the insider sale, including broker, share count, acquisition method, and aggregate market value.
• Affirmation of disclosure: The signer represents no knowledge of undisclosed material adverse information about the issuer.

Negative

• Insider selling: Proposed sale of 60,000 shares valued at $4,874,536.28 may be viewed negatively by some investors as insider liquidity.
• Recent prior sale: A previous sale of 25,000 shares for $825,000 by Dean A. Manson indicates recent insider dispositions.

Insights

Securities Analyst

TL;DR: Insider plans a significant sale of vested option shares worth ~$4.87M; previous insider sale of $825k disclosed.

The notice documents a proposed sale of 60,000 Class A shares valued at $4.87 million via a broker on NASDAQ, arising from an option granted 04/01/2024. For investors, this is a standard Rule 144 disclosure indicating an insider liquidity event rather than an operational development. The filing also lists a recent sale of 25,000 shares by Dean A. Manson generating $825,000, which provides context on recent insider selling activity. No earnings, contract, or governance changes are reported in this form.

Corporate Governance Expert

TL;DR: This is a routine Form 144; it signals insider share disposition but contains no allegations or material adverse facts.

The document complies with Rule 144 disclosure requirements: it identifies the class, broker, number of shares, acquisition method (option), and payment terms (cash). The signer affirms lack of undisclosed material adverse information. From a governance perspective, the filing provides transparency on insider monetization but does not indicate misconduct, acceleration, or forced sales.

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	60000	4874536.28	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			60000	09/09/2025	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
Dean A. Manson 9601 South Meridian Boulevard Englewood CO 80112	Class A	07/09/2025	25000	825000.00

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 about the planned sale?

The form discloses a proposed sale of 60,000 Class A shares via Fidelity Brokerage Services on NASDAQ with an aggregate market value of $4,874,536.28, and an approximate sale date of 09/09/2025.

How were the 60,000 shares acquired according to the filing?

The 60,000 shares were acquired via an option granted on 04/01/2024, with the filing indicating the acquisition date as 09/09/2025 for reporting purposes.

Has the filer recently sold any EchoStar (SATS) shares?

Yes. The filing lists a sale by Dean A. Manson of 25,000 Class A shares on 07/09/2025 for $825,000 in gross proceeds.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI.

Does the filing indicate any undisclosed adverse information about EchoStar?

The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.