EchoStar (SATS) director Tom Ortolf receives 5,000 fully vested options

Rhea-AI Filing Summary

EchoStar CORP director Tom A. Ortolf received a grant of stock options covering 5,000 shares of Class A Common Stock. The Non-Employee Director Stock Option was awarded at an exercise price of $120.60 per share and carries no upfront purchase price.

The option was 100% vested on the grant date and expires on April 1, 2031. Following this grant, Ortolf holds 5,000 stock options directly, giving him the right, but not the obligation, to buy 5,000 EchoStar Class A shares at $120.60 in the future.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ortolf Tom A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Employee Director Stock Option	5,000	$0.00	--

Holdings After Transaction: Non-Employee Director Stock Option — 5,000 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Option grant size: 5,000 options Exercise price: $120.60 per share Underlying shares: 5,000 shares +3 more

6 metrics

Option grant size 5,000 options Non-Employee Director Stock Option grant on April 1, 2026

Exercise price $120.60 per share Exercise price for 5,000 options on Class A Common Stock

Underlying shares 5,000 shares Class A Common Stock underlying the granted options

Post-transaction options 5,000 options Total stock options held directly after the grant

Option expiration date April 1, 2031 Expiration date of the Non-Employee Director Stock Option

Vesting status 100% vested at grant Footnote indicates full vesting on grant date

Key Terms

Non-Employee Director Stock Option, exercise price, Class A Common Stock, vested upon the date of the grant, +1 more

5 terms

Non-Employee Director Stock Option financial

"security_title: "Non-Employee Director Stock Option""

exercise price financial

"conversion_or_exercise_price: "120.6000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Class A Common Stock financial

"underlying_security_title: "Class A Common Stock""

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.

vested upon the date of the grant financial

"The shares underlying the option were 100% vested upon the date of the grant."

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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).

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^*

Ortolf Tom A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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
Non-Employee Director Stock Option	$120.6	04/01/2026		A		5,000		(1)	04/01/2031	Class A Common Stock	5,000	$0	5,000	D

Explanation of Responses:

1. The shares underlying the option were 100% vested upon the date of the grant.

	/s/ Tom A. Ortolf, by Dean A. Manson, Attorney-in-Fact	04/03/2026
	** 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 transaction did EchoStar (SATS) director Tom A. Ortolf report?

Tom A. Ortolf reported receiving a grant of 5,000 Non-Employee Director Stock Options. These options give him rights to acquire 5,000 shares of EchoStar Class A Common Stock at a preset exercise price as part of his director compensation.

How many EchoStar (SATS) options did Tom A. Ortolf receive and at what exercise price?

He received 5,000 stock options with an exercise price of $120.60 per share. This means he can choose to buy up to 5,000 EchoStar Class A shares in the future at $120.60, regardless of the prevailing market price then.

Were Tom A. Ortolf’s new EchoStar (SATS) options immediately vested?

Yes, the shares underlying the option were 100% vested on the grant date. Immediate vesting means Ortolf’s right to exercise these 5,000 options is not subject to additional service-based vesting conditions according to the disclosed footnote.

When do Tom A. Ortolf’s EchoStar (SATS) director stock options expire?

These Non-Employee Director Stock Options expire on April 1, 2031. After that expiration date, Ortolf will no longer be able to exercise the options to purchase EchoStar Class A Common Stock at the $120.60 exercise price.

Did Tom A. Ortolf buy or sell EchoStar (SATS) shares in the market in this Form 4?

No, this Form 4 reflects a grant of 5,000 stock options, not an open-market share purchase or sale. The transaction is categorized as a grant or award acquisition, providing potential future share purchases at a fixed exercise price.

What is Tom A. Ortolf’s option position in EchoStar (SATS) after this transaction?

After this grant, Ortolf holds 5,000 Non-Employee Director Stock Options directly. Each option is linked to one share of EchoStar Class A Common Stock, giving him rights over 5,000 underlying shares at the $120.60 exercise price.