SATS Form 4: Swieringa Vesting and Option Award Details
Rhea-AI Filing Summary
John W. Swieringa, President, Technology & COO of EchoStar Corp (SATS), reported multiple equity transactions dated 10/01/2025. He had 50,000 restricted stock units vest (recorded as acquired at $0) and 60,000 employee stock options were acquired with an exercise price of $79.50 and an expiration of 10/01/2035. The filing shows 22,125 shares were withheld and disposed to cover tax obligations at a price of $79.50. After these transactions, Swieringa beneficially owned 327,634 Class A shares (direct), which includes shares from RSU vesting and the Companys Employee Stock Purchase Plan; an additional 809 shares are held indirectly via a 401(k).
Positive
- 50,000 RSUs vested, converting compensation into direct equity ownership
- 60,000 employee stock options granted with a $79.50 exercise price and 10/01/2035 expiration, tying long-term upside to share performance
- Beneficial ownership increased to 327,634 Class A shares (direct), signaling greater insider alignment
Negative
- 22,125 shares withheld/disposed to cover tax obligations at $79.50, reducing net newly acquired shares
- Portion of holdings remain unvested (RSUs subject to future vesting rules and option vesting starts 10/01/2026), so full economic ownership is delayed
Insights
Insider received equity compensation and increased direct stake to 327,634 shares.
The Form 4 shows a scheduled vesting of 50,000 RSUs and acquisition of a 60,000 employee stock option award at an exercise price of $79.50 expiring 10/01/2035. The RSU vesting and option grant are routine forms of executive compensation that convert future service into share ownership.
The filing also discloses 22,125 shares withheld to cover taxes at $79.50, a common administrative step that reduces net new shares received. The reporting clarifies that the reported total includes previously reported RSUs and purchases under the Employee Stock Purchase Plan.
Transactions are material to insider alignment but not an extraordinary market-moving event.
Combined vesting and option grants increase the executives potential long-term stake and align compensation with share performance; the beneficial ownership reported is 327,634 shares direct plus 809 indirect. The tax-withheld disposition of 22,125 shares reduced immediately realized holdings but does not indicate an open-market sale.
The option vests over three years starting 10/01/2026, which creates a time-based retention element tied to future service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 60,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 50,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 22,125 | $79.50 | $1.76M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction involved the reporting person's vesting of restricted stock units (RSUs) awarded on June 26, 2025 and previously reported in Table II of Form 4. The total reported in Column 5 of this Form 4 includes the 200,000 remaining RSUs from the June 26, 2025 award, 77,193 additional RSUs previously reported in Table II of Form 4, and 441 shares of Class A Common Stock. In future filings, any awards of RSUs will be reported in Table I by the Reporting Person and Column 5 of Table I will include unvested RSUs. Includes shares acquired under the Company's Employee Stock Purchase Plan. Represents shares withheld to cover certain tax obligations in connection with the vesting of the RSUs. By 401(K). The option vests in three equal annual installments beginning on October 1, 2026. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
