EchoStar (SATS) CLO exercises options, sells 10,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

EchoStar chief legal officer Dean Manson exercised employee stock options for 10,000 shares of Class A Common Stock at $14.04 per share and sold 10,000 shares at $119.50 per share on June 4, 2026. The transactions were made under a pre-arranged Rule 10b5-1 trading plan. After these moves, he holds 5,058 shares directly and 1,143 shares indirectly.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($1,195,000)

Net Sell 4 txns

Insider Manson Dean

Role CHIEF LEGAL OFFICER

Sold 10,000 shs ($1.20M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	10,000	$0.00	--
Exercise	Class A Common Stock	10,000	$14.04	$140K
Sale	Class A Common Stock	10,000	$119.50	$1.20M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 32,000 shares (Direct, null); Class A Common Stock — 15,058 shares (Direct, null); Class A Common Stock — 1,143 shares (Indirect, I)

Footnotes (1)

1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting 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.

Key Figures

Shares sold: 10,000 shares Sale price: $119.50/share Options exercised: 10,000 shares +3 more

6 metrics

Shares sold 10,000 shares Class A Common Stock sold at $119.50 on June 4, 2026

Sale price $119.50/share Open-market or private sale of 10,000 shares

Options exercised 10,000 shares Employee Stock Option exercise at $14.04/share

Direct holdings after 5,058 shares Class A Common Stock directly owned post-transaction

Indirect holdings after 1,143 shares Indirectly owned, including ESPP and 401(k) shares

Option expiration April 1, 2034 Employee Stock Option (Right to Buy) expiration date

Key Terms

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

5 terms

Rule 10b5-1 trading plan financial

"The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting 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 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.

Employee Stock Option (Right to Buy) financial

"Employee Stock Option (Right to Buy) derivative transaction for 10,000.0000 shares."

Class A Common Stock financial

"Class A Common Stock non-derivative transaction of 10,000.0000 shares."

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)
06/04/2026

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	06/04/2026		M(1)		10,000	A	$14.04	15,058(2)	D
Class A Common Stock	06/04/2026		S(1)		10,000	D	$119.5	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	06/04/2026		M(1)			10,000	(4)	04/01/2034	Class A Common Stock	10,000	$0	32,000	D

Explanation of Responses:

1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting 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.

	/s/ Dean A. Manson, by Daniel W. Conroy, Attorney-in-Fact	06/08/2026
	** 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 did EchoStar (SATS) insider Dean Manson do in this Form 4?

Dean Manson exercised options for 10,000 EchoStar shares and sold 10,000 shares of Class A Common Stock. The activity reflects an exercise-and-sell pattern rather than a new open-market purchase, with direct holdings reported after the transactions.

At what prices did Dean Manson exercise and sell EchoStar (SATS) shares?

He exercised employee stock options at an exercise price of $14.04 per share and sold 10,000 EchoStar Class A Common Stock shares at $119.50 per share. These transactions occurred on June 4, 2026, according to the Form 4 data.

How many EchoStar (SATS) shares does Dean Manson hold after this Form 4?

After the reported transactions, Manson holds 5,058 shares of EchoStar Class A Common Stock directly and 1,143 shares indirectly. The indirect holdings include shares acquired under the company’s Employee Stock Purchase Plan and through a 401(k) arrangement, as noted in the footnotes.

Were Dean Manson’s EchoStar (SATS) share sales pre-planned?

Yes. A footnote states the transaction was effected under a Rule 10b5-1 trading plan adopted on March 5, 2026. Such plans pre-schedule trades, indicating the timing of these sales was planned rather than a discretionary reaction to short-term market movements.

What happened to Dean Manson’s EchoStar (SATS) stock options in this filing?

The filing shows exercise of 10,000 Employee Stock Option (Right to Buy) derivatives into 10,000 shares of Class A Common Stock at $14.04 per share. After exercise, 32,000 options remain outstanding, expiring on April 1, 2034, under the reported option grant.