EchoStar (SATS) CLO exercises 10K options and sells 10K shares

Rhea-AI Filing Summary

EchoStar CORP chief legal officer Dean Manson reported option exercises and related share sales in Class A Common Stock. On June 12, 2026, he exercised 10,000 employee stock options at an exercise price of $14.04 per share and sold 10,000 shares in open-market transactions at $130.39 per share. These trades were effected pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2026, indicating they were pre-arranged. Following the transactions, he directly held 5,058 shares and indirectly held 1,143 shares of EchoStar Class A Common Stock, with no remaining derivative positions shown in this filing.

Insights

Insider trading and governance analyst

Pre-planned option exercise-and-sell, routine in scale and structure.

The filing shows EchoStar CORP chief legal officer Dean Manson exercising 10,000 stock options at $14.04 and selling 10,000 shares at $130.39. This is a classic exercise-and-sell pattern, converting options into cash rather than expanding equity exposure.

Importantly, a footnote states the trades were made under a Rule 10b5-1 trading plan adopted on March 5, 2026. Such plans are established in advance, so the timing carries limited informational value about management’s current view of the stock.

After these transactions, Manson directly holds 5,058 shares and indirectly holds 1,143 shares, and no remaining derivative positions are listed. The scale appears modest relative to typical executive holdings, suggesting a routine liquidity event rather than a thesis-changing move.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($1,303,900)

Net Sell 7 txns

Insider Manson Dean

Role CHIEF LEGAL OFFICER

Sold 10,000 shs ($1.30M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	4,000	$0.00	--
Exercise	Employee Stock Option (Right to Buy)	6,000	$0.00	--
Exercise	Class A Common Stock	6,000	$14.04	$84K
Sale	Class A Common Stock	6,000	$130.39	$782K
Exercise	Class A Common Stock	4,000	$14.04	$56K
Sale	Class A Common Stock	4,000	$130.39	$522K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 28,000 shares (Direct, null); Class A Common Stock — 11,058 shares (Direct, null); Class A Common Stock — 1,143 shares (Indirect, I)

Footnotes (1)

1. Transaction reported was effected pursuant to Rule 10b5-1 trading plan adopted by the reported person on March 5, 2026. Includes shares acquired under the Company's Employee Stock Purchase Plan. By 401(K). The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028 40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026.

Key Figures

Shares sold: 10,000 shares Sale price: $130.39 per share Options exercised: 10,000 options +4 more

7 metrics

Shares sold 10,000 shares Class A Common Stock sold at $130.39 on June 12, 2026

Sale price $130.39 per share Open-market sales of Class A Common Stock

Options exercised 10,000 options Employee stock options exercised on June 12, 2026

Exercise price $14.04 per share Employee Stock Option (Right to Buy) strike price

Direct holdings after 5,058 shares Direct Class A Common Stock after transactions

Indirect holdings after 1,143 shares Indirect Class A Common Stock holdings

Net share change 10,000 shares net sold transactionSummary netBuySellShares and netBuySellDirection

Key Terms

Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), Employee Stock Purchase Plan, 401(K), +1 more

5 terms

Rule 10b5-1 trading plan financial

"Transaction reported was effected pursuant to Rule 10b5-1 trading plan adopted by the reported person on March 5, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) with a conversion or exercise price of 14.0400."

Employee Stock Purchase Plan financial

"Includes shares acquired under the Company's Employee Stock Purchase Plan."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

401(K) financial

"By 401(K)."

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

Class A Common Stock financial

"Transactions in Class A Common Stock on June 12, 2026."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Manson Dean

(Last) (First) (Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD COLORADO 80112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ SATS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF LEGAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/12/2026		M(1)		6,000	A	$14.04	11,058(2)	D
Class A Common Stock	06/12/2026		S(1)		6,000	D	$130.39	5,058(2)	D
Class A Common Stock	06/12/2026		M(1)		4,000	A	$14.04	9,058(2)	D
Class A Common Stock	06/12/2026		S(1)		4,000	D	$130.39	5,058(2)	D
Class A Common Stock								1,143	I	I(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$14.04	06/12/2026		M(1)			4,000	(4)	04/01/2034	Class A Common Stock	4,000	$0	28,000	D
Employee Stock Option (Right to Buy)	$14.04	06/12/2026		M(1)			6,000	(5)	04/01/2034	Class A Common Stock	6,000	$0	33,700	D

Explanation of Responses:

1. Transaction reported was effected pursuant to Rule 10b5-1 trading plan adopted by the reported person on March 5, 2026.

2. Includes shares acquired under the Company's Employee Stock Purchase Plan.

3. By 401(K).

4. The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028

5. 40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026.

	/s/ Dean A. Manson, by Daniel W. Conroy, Attorney-in-Fact	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did EchoStar (SATS) CLO Dean Manson report?

Dean Manson reported exercising 10,000 EchoStar Class A Common Stock options at $14.04 and selling 10,000 shares at $130.39 on June 12, 2026. These transactions reflect a standard exercise-and-sell pattern commonly used to monetize equity compensation.

Were Dean Manson’s EchoStar (SATS) share sales pre-planned under Rule 10b5-1?

Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted March 5, 2026. Such pre-arranged plans schedule trades in advance, which generally reduces the significance of short-term timing decisions for investors evaluating insider activity.

How many EchoStar (SATS) shares does Dean Manson hold after these transactions?

Following the reported trades, Dean Manson directly holds 5,058 shares of EchoStar Class A Common Stock and indirectly holds 1,143 shares. The filing shows no remaining derivative positions, indicating the reported 10,000 stock options were fully exercised in this set of transactions.

What prices were involved in Dean Manson’s EchoStar (SATS) Form 4 trades?

The Form 4 shows an option exercise price of $14.04 per share and open-market sale prices of $130.39 per share for 10,000 EchoStar Class A Common Stock shares. These figures illustrate the spread between the option strike price and the market price on June 12, 2026.

Does the EchoStar (SATS) Form 4 indicate remaining stock options for Dean Manson?

The filing’s derivative section shows exercises of 10,000 employee stock options at a $14.04 strike and no remaining derivative positions in the derivativeSummary. This suggests the options referenced in this Form 4 were fully exercised in the reported transactions.