EchoStar (SATS) director receives fully vested options on 5,000 shares

Rhea-AI Filing Summary

EchoStar CORP director Wade William David received a grant of stock options for 5,000 shares of Class A Common Stock. The options were awarded on April 1, 2026 with an exercise price of $120.60 per share and expire on April 1, 2031.

The filing states this is a non-employee director stock option, granted at no cost and classified as a grant or award acquisition rather than an open-market purchase. All 5,000 underlying shares became 100% vested on the grant date, and the director now holds options on 5,000 shares directly.

Insights

Equity compensation analyst

Routine director option grant, fully vested, no open-market buying.

EchoStar CORP granted director Wade William David options on 5,000 shares of Class A Common Stock at an exercise price of $120.60, expiring on April 1, 2031. This is compensation, not a market transaction.

The options were fully vested on the grant date, giving the director immediate ability to exercise once economically attractive. Because the transaction is a standard non-employee director grant with no shares bought or sold in the market, it is best viewed as a routine governance and compensation event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wade William David

Role Director

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

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

Footnotes (1)

1. F1. The shares underlying the option were 100% vested upon the date of the grant.

Key Figures

Option grant size: 5,000 options Exercise price: $120.60 per share Underlying shares: 5,000 shares +2 more

5 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 granted options

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

Expiration date April 1, 2031 Option expiration for this grant

Total options after grant 5,000 options Total derivative holdings following the transaction

Key Terms

Non-Employee Director Stock Option, Class A Common Stock, exercise price, grant/award acquisition

4 terms

Non-Employee Director Stock Option financial

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

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.

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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

FAQ

What did EchoStar CORP director Wade William David report on this Form 4 for SATS?

He reported receiving a grant of stock options for 5,000 shares of EchoStar CORP Class A Common Stock. The options were granted as non-employee director compensation, not through an open-market purchase or sale, and are held directly by him following the transaction.

What are the key terms of Wade William David’s new EchoStar (SATS) stock options?

The director received 5,000 non-employee director stock options with an exercise price of $120.60 per share. The options relate to Class A Common Stock, were fully vested at grant, and have an expiration date of April 1, 2031, creating a five-year exercise window.

Did Wade William David buy or sell any EchoStar (SATS) shares in the market?

No, he did not buy or sell shares in the open market. The Form 4 shows a grant or award acquisition of 5,000 non-employee director stock options, received as compensation at no purchase price, rather than a market trade in existing EchoStar shares.

How many EchoStar (SATS) options does Wade William David hold after this transaction?

After the transaction, he holds 5,000 non-employee director stock options directly. Each option relates to one share of EchoStar CORP Class A Common Stock, so the grant represents potential future rights over 5,000 underlying shares if exercised.

When do Wade William David’s new EchoStar (SATS) options vest and expire?

The footnote states the shares underlying the option were 100% vested on the grant date. The options were granted on April 1, 2026 and carry an expiration date of April 1, 2031, giving approximately five years in which they may be exercised.

What does a non-employee director stock option mean for EchoStar (SATS)?

A non-employee director stock option is equity compensation granted to outside directors. It aligns their interests with shareholders by giving potential upside if the stock appreciates above the $120.60 exercise price, without immediately changing the number of EchoStar shares in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/03/2026 - 05:00 PM Learn about SEC filing dates

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^*

Wade William David

(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/ David W. Wade, 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)