EchoStar (SATS) director and major holder granted 5,000-share option award

Rhea-AI Filing Summary

EchoStar CORP director and 10% owner Cantey Ergen received a grant of employee stock options covering 5,000 shares of Class A Common Stock. The options have an exercise price of $120.60 per share and expire on April 1, 2031.

The filing notes that all 5,000 underlying shares were 100% vested on the grant date, meaning they are immediately exercisable. This was a compensation-related award, not an open-market stock purchase or sale, and increased Ergen’s derivative holdings by the option amount reported.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ERGEN CANTEY

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy)	5,000	$0.00	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 5,000 shares (Direct)

Footnotes (1)

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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 Employee stock option grant on April 1, 2026

Exercise price $120.60 per share Exercise price for 5,000-share option grant

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

Expiration date April 1, 2031 Option expiration for Cantey Ergen grant

Shares after transaction 5,000 derivative securities Total options held following the reported grant

Key Terms

Employee Stock Option (Right to Buy), Class A Common Stock, Grant, award, or other acquisition, vested

4 terms

Employee Stock Option (Right to Buy) financial

"security_title: "Employee Stock Option (Right to Buy)""

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""

vested financial

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

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^*

ERGEN CANTEY

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

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
Employee Stock Option (Right to Buy)	$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/ Cantey M. Ergen, 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) report for Cantey Ergen?

EchoStar reported that director and 10% owner Cantey Ergen received an employee stock option grant for 5,000 shares. The options relate to Class A Common Stock and were awarded as compensation, not through an open‑market stock purchase or sale.

How many EchoStar (SATS) shares are covered by Cantey Ergen’s new options?

The new employee stock option grant covers 5,000 underlying shares of EchoStar Class A Common Stock. These options give Ergen the right to buy up to that number of shares at the fixed exercise price specified in the award.

What is the exercise price of Cantey Ergen’s EchoStar (SATS) stock options?

The options have an exercise price of $120.60 per share. This means Ergen can choose to buy EchoStar Class A Common Stock at $120.60 per share regardless of the market price during the option’s life.

When do Cantey Ergen’s EchoStar (SATS) stock options expire?

The employee stock options reported for Cantey Ergen expire on April 1, 2031. After that expiration date, the options can no longer be exercised to purchase EchoStar Class A Common Stock at the stated exercise price.

Were Cantey Ergen’s EchoStar (SATS) options vested on the grant date?

Yes. A footnote states the shares underlying the option were 100% vested on the date of grant. This makes the entire 5,000‑share option immediately exercisable rather than subject to a multi‑year vesting schedule or performance conditions.

Did Cantey Ergen buy or sell any EchoStar (SATS) shares in the market?

No market buy or sell is reported in this filing. The Form 4 shows a grant of employee stock options as a compensation award, categorized as an acquisition of derivative securities rather than an open‑market stock trade.