EchoStar (SATS) legal chief exercises options and sells stock

Rhea-AI Filing Summary

EchoStar CORP chief legal officer Dean Manson reported option exercises and share sales in Class A common stock. On March 5, 2026, he exercised employee stock options covering 7,631 shares and 14,000 shares at an exercise price of $14.04 per share, receiving the same number of Class A shares.

That day he sold 7,631 shares at a weighted average price of $114.51 (with individual prices from $114.31 to $114.80) and 11,400 shares at a weighted average price of $114.60 (prices from $114.33 to $114.80). After these transactions, he held 4,998 Class A shares directly and 1,106 shares indirectly through a 401(k).

Footnotes state that for one option grant, 40% of the underlying shares vested immediately and the remaining 60% vest 30% on each of April 1, 2025 and April 1, 2026. A separate option grant vests 25% each year on April 1, 2025, 2026, 2027 and 2028.

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

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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^*

Manson Dean

(Last) (First) (Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/05/2026		M		7,631	A	$14.04	10,029	D
Class A Common Stock	03/05/2026		S		7,631	D	$114.51(1)	2,398	D
Class A Common Stock	03/05/2026		M		14,000	A	$14.04	16,398	D
Class A Common Stock	03/05/2026		S		11,400	D	$114.6(2)	4,998	D
Class A Common Stock								1,106	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	03/05/2026		M			7,631	(4)	04/01/2034	Class A Common Stock	7,631	$0	39,700	D
Employee Stock Option (Right to Buy)	$14.04	03/05/2026		M			14,000	(5)	04/01/2034	Class A Common Stock	14,000	$0	42,000	D

Explanation of Responses:

1. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $114.31 to $114.80. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

2. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $114.33 to $114.80. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

3. By 401(K).

4. 40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026.

5. 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	03/09/2026
	** 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).
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FAQ

What insider transactions did EchoStar (SATS) executive Dean Manson report?

Dean Manson reported exercising employee stock options and selling EchoStar Class A shares. On March 5, 2026, he converted 7,631 and 14,000 options at $14.04 per share, then sold 7,631 and 11,400 shares at weighted average prices around $114.50 per share.

How many EchoStar Class A shares did Dean Manson sell in this Form 4?

He sold a total of 19,031 EchoStar Class A shares. The sales were split between 7,631 shares at a weighted average price of $114.51 and 11,400 shares at a weighted average price of $114.60, with individual trade prices disclosed in specified ranges.

What EchoStar stock holdings does Dean Manson report after these transactions?

After the reported trades, Dean Manson directly owned 4,998 EchoStar Class A shares. He also reported indirect ownership of 1,106 additional shares through a 401(k) account, reflecting his remaining beneficial interest following the option exercises and open-market sales.

At what prices did Dean Manson’s EchoStar stock sales occur?

His sales used weighted average prices of $114.51 and $114.60 per share. Footnotes explain that actual sale prices ranged from $114.31 to $114.80 and from $114.33 to $114.80, with detailed breakdowns available to regulators and shareholders upon request.

How do Dean Manson’s EchoStar stock options vest according to this filing?

One option grant vested 40% immediately at grant, with the remaining 60% vesting 30% on each of April 1, 2025 and April 1, 2026. Another grant vests 25% annually on April 1, 2025, 2026, 2027 and 2028, creating a multi-year vesting schedule.

What is the exercise price of Dean Manson’s EchoStar employee stock options?

The reported employee stock options have an exercise price of $14.04 per share. On March 5, 2026, exercising these options allowed Dean Manson to acquire EchoStar Class A shares at that price before subsequently selling part of the resulting share holdings.