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

Rhea-AI Filing Summary

EchoStar CORP director George R. Brokaw received a grant of 5,000 stock options as compensation. These non-employee director options allow him to buy 5,000 shares of Class A Common Stock at an exercise price of $120.60 per share.

The options were 100% vested on the grant date, giving him immediate ability to exercise subject to their terms, and they expire on April 1, 2031. Following this grant, he holds 5,000 derivative securities directly, and there were no open-market purchases or sales reported in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brokaw George R

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

Options granted: 5,000 options Exercise price: $120.60 per share Underlying shares: 5,000 shares +2 more

5 metrics

Options granted 5,000 options Non-Employee Director Stock Option grant

Exercise price $120.60 per share Exercise price for Class A Common Stock

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

Post-transaction derivative holdings 5,000 options Total derivative securities following the grant

Option expiration date April 1, 2031 Expiration of non-employee director stock options

Key Terms

Non-Employee Director Stock Option, Class A Common Stock, Grant, award, or other acquisition, derivative securities

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.

Grant, award, or other acquisition financial

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

derivative securities financial

"derivativeTransactionCount: 1"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

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^*

Brokaw George R

(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/ George R. Brokaw, 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 George R. Brokaw report?

George R. Brokaw reported receiving 5,000 non-employee director stock options. These options are a compensation award, not an open-market trade, and give him rights to acquire Class A Common Stock at a fixed exercise price of $120.60 per share.

What are the key terms of George R. Brokaw’s EchoStar (SATS) stock options?

The grant covers 5,000 non-employee director stock options with a $120.60 exercise price. All options were fully vested on the grant date and expire on April 1, 2031, providing a long exercise window tied to EchoStar’s Class A Common Stock.

Were George R. Brokaw’s EchoStar (SATS) options immediately vested?

Yes, the filing states the shares underlying the option were 100% vested on the grant date. That means Brokaw has immediate exercisability, subject to the option agreement and expiration on April 1, 2031, rather than waiting for a future vesting schedule.

Did George R. Brokaw buy or sell any EchoStar (SATS) shares in the market?

No, the Form 4 only reports a grant of 5,000 stock options as a derivative acquisition. There are no open-market purchase or sale transactions disclosed, and the transaction is coded as a grant or award rather than a buy or sell.

How many EchoStar (SATS) derivative securities does George R. Brokaw hold after this grant?

After the reported transaction, Brokaw holds 5,000 derivative securities related to EchoStar. These represent the stock options granted, each tied to one share of Class A Common Stock at a $120.60 exercise price, held directly in his name.

What is the expiration date of George R. Brokaw’s new EchoStar (SATS) options?

The options expire on April 1, 2031, according to the filing. This long-dated expiration gives Brokaw several years in which he can choose to exercise his 5,000 options at the fixed $120.60 per share exercise price.