EchoStar director exercises options for 5,000 shares
EchoStar director William David Wade exercised stock options to acquire additional shares.
Rhea-AI Filing Summary
EchoStar director William David Wade exercised stock options to acquire additional shares. On May 18, 2026, he exercised a Non-Employee Director Stock Option covering 5,000 shares of EchoStar Class A Common Stock at $24.49 per share, converting the option into common stock and leaving zero options remaining from that grant.
Following the exercise, Wade directly holds 5,324 shares of Class A Common Stock. He also indirectly holds 443 shares through a trust, as noted in the footnote. The filing shows no open-market sale of shares; it reflects a derivative exercise that increases his direct share ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
3 txns
Insider
Wade William David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Employee Director Stock Option | 5,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,000 | $24.49 | $122K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Employee Director Stock Option — 0 contracts (Direct);
Class A Common Stock — 5,324 shares (Direct);
Class A Common Stock — 443 shares (Indirect, I)
Footnotes (2)
- F1. By Trust.
- F2. The shares underlying the option were 100% vested upon the date of grant.
Key Figures
Options exercised: 5,000 shares
Option exercise price: $24.49 per share
Direct holdings after exercise: 5,324 shares
+2 more
5 metrics
Options exercised
5,000 shares
Non-Employee Director Stock Option exercised on May 18, 2026
Option exercise price
$24.49 per share
Strike price of Non-Employee Director Stock Option
Direct holdings after exercise
5,324 shares
Class A Common Stock directly owned after May 18, 2026 transaction
Indirect holdings
443 shares
Class A Common Stock held indirectly by trust after transaction
Derivative position remaining
0 options
Non-Employee Director Stock Option balance after 5,000-share exercise
Key Terms
Class A Common Stock, Non-Employee Director Stock Option, derivative security, indirect ownership, +1 more
5 terms
Class A Common Stock financial
"security_title: "Class A Common Stock" for Wade’s holdings and exercises"
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.
Non-Employee Director Stock Option financial
"security_title: "Non-Employee Director Stock Option" for the derivative security"
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type: "indirect" with footnote "By Trust." on 443 shares"
exercise price financial
"conversion_or_exercise_price: "24.4900" for the stock option exercise"
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.
FAQ
What insider transaction did EchoStar (SATS) director William David Wade report?
William David Wade reported exercising a stock option for 5,000 EchoStar Class A Common shares. This option exercise converts a derivative award into common stock and increases his direct equity ownership without showing any open-market sale in this filing.
What are William David Wade’s EchoStar (SATS) holdings after the reported transactions?
After the transactions, Wade directly holds 5,324 EchoStar Class A Common Stock shares. He also indirectly holds 443 additional shares through a trust, giving him both direct and trust-based exposure according to the ownership details in the filing.
What does the Non-Employee Director Stock Option for EchoStar (SATS) represent?
The Non-Employee Director Stock Option was a derivative security giving Wade the right to buy 5,000 EchoStar Class A shares at $24.49. Exercising this option eliminated the derivative position and replaced it with actual common stock ownership in the company.
How are Wade’s indirect EchoStar (SATS) holdings structured in this filing?
The filing lists 443 EchoStar Class A shares as indirectly owned by Wade, noted in the footnote as “By Trust.” This indicates those shares are held through a trust arrangement rather than in his direct personal brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
