EchoStar (NASDAQ: SATS) CEO Akhavan reports large option exercise, share sales

Q: How many EchoStar (SATS) shares did Hamid Akhavan acquire through option exercise, and at what price?

He acquired 285,832 shares of EchoStar Class A common stock by exercising employee stock options at an exercise price of $14.04 per share.

Q: At what prices were EchoStar (SATS) shares sold in Hamid Akhavan's reported transactions?

The filing states that the reported sales were made at weighted average sale prices for each transaction, with price ranges between approximately $103.35 and $109.39 , with detailed share counts by price level available upon request to the SEC staff, the issuer, or a security holder.

Q: What stock options on EchoStar (SATS) shares does Hamid Akhavan hold after the transactions?

He holds 122,500 employee stock options exercisable for EchoStar Class A common stock at an exercise price of $14.04 per share, expiring on April 1, 2034 . According to the vesting schedule, 40% of the underlying shares vested immediately on the grant date, and the remaining 60% vest 30% per year on April 1, 2025 and April 1, 2026 .

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

EchoStar Corp director and officer Hamid Akhavan reported exercising employee stock options for 285,832 shares of Class A common stock at an exercise price of $14.04 per share on December 11, 2025. On the same date, he reported multiple open-market sales of Class A common stock at weighted average sale prices described in the filing as ranging from $103.35 to $109.39, effected under a Rule 10b5-1 trading plan adopted on September 12, 2025.

After these transactions, Akhavan beneficially owns 376,805 Class A shares directly and 327 shares indirectly through a 401(k) plan. He also holds 122,500 employee stock options exercisable for Class A shares at $14.04 per share, expiring on April 1, 2034, with 60% of the underlying shares scheduled to vest 30% per year on April 1, 2025 and April 1, 2026.

Insider Trade Summary

Net Seller: 285,832 shares ($30,106,499)

Net Sell 27 txns

Insider Akhavan Hamid

Role CEO, EchoStar Capital

Sold 285,832 shs ($30.11M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	285,832	$0.00	--
Exercise	Class A Common Stock	285,832	$14.04	$4.01M
Sale	Class A Common Stock	20,129	$104.10	$2.10M
Sale	Class A Common Stock	14,940	$104.65	$1.56M
Sale	Class A Common Stock	3,240	$105.88	$343K
Sale	Class A Common Stock	3,657	$106.72	$390K
Sale	Class A Common Stock	5,123	$108.02	$553K
Sale	Class A Common Stock	2,911	$108.78	$317K
Sale	Class A Common Stock	29,608	$104.10	$3.08M
Sale	Class A Common Stock	23,040	$104.66	$2.41M
Sale	Class A Common Stock	5,595	$105.93	$593K
Sale	Class A Common Stock	4,670	$106.84	$499K
Sale	Class A Common Stock	7,831	$108.01	$846K
Sale	Class A Common Stock	4,256	$108.76	$463K
Sale	Class A Common Stock	29,607	$104.10	$3.08M
Sale	Class A Common Stock	23,172	$104.67	$2.43M
Sale	Class A Common Stock	5,465	$105.95	$579K
Sale	Class A Common Stock	4,668	$106.84	$499K
Sale	Class A Common Stock	7,833	$108.01	$846K
Sale	Class A Common Stock	4,255	$108.76	$463K
Sale	Class A Common Stock	28,500	$104.09	$2.97M
Sale	Class A Common Stock	26,621	$104.61	$2.78M
Sale	Class A Common Stock	6,169	$105.96	$654K
Sale	Class A Common Stock	6,095	$106.77	$651K
Sale	Class A Common Stock	11,880	$108.18	$1.29M
Sale	Class A Common Stock	6,567	$108.92	$715K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 122,500 shares (Direct); Class A Common Stock — 662,637 shares (Direct); Class A Common Stock — 327 shares (Indirect, I)

Footnotes (1)

The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2025. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.32. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.34. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.23. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.52 to $108.52. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.53 to $109.07. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.34. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.37. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.45 to $107.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.53 to $108.53. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.61 to $109.39. 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. By 401(K). 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.

Form 4 Insider Transactions: What Each Field Means →

12/15/2025 - 07:24 PM

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^*

Akhavan Hamid

(Last)

(First)

(Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO, EchoStar Capital

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/11/2025		M⁽¹⁾		285,832	A	$14.04	662,637	D
Class A Common Stock	12/11/2025		S⁽¹⁾		20,129	D	$104.1⁽²⁾	642,508	D
Class A Common Stock	12/11/2025		S⁽¹⁾		14,940	D	$104.65⁽³⁾	627,568	D
Class A Common Stock	12/11/2025		S⁽¹⁾		3,240	D	$105.88⁽⁴⁾	624,328	D
Class A Common Stock	12/11/2025		S⁽¹⁾		3,657	D	$106.72⁽⁵⁾	620,671	D
Class A Common Stock	12/11/2025		S⁽¹⁾		5,123	D	$108.02⁽⁶⁾	615,548	D
Class A Common Stock	12/11/2025		S⁽¹⁾		2,911	D	$108.78⁽⁷⁾	612,637	D
Class A Common Stock	12/11/2025		S⁽¹⁾		29,608	D	$104.1⁽⁸⁾	583,029	D
Class A Common Stock	12/11/2025		S⁽¹⁾		23,040	D	$104.66⁽⁹⁾	559,989	D
Class A Common Stock	12/11/2025		S⁽¹⁾		5,595	D	$105.93⁽¹⁰⁾	554,394	D
Class A Common Stock	12/11/2025		S⁽¹⁾		4,670	D	$106.84⁽¹¹⁾	549,724	D
Class A Common Stock	12/11/2025		S⁽¹⁾		7,831	D	$108.01⁽¹²⁾	541,893	D
Class A Common Stock	12/11/2025		S⁽¹⁾		4,256	D	$108.76⁽¹³⁾	537,637	D
Class A Common Stock	12/11/2025		S⁽¹⁾		29,607	D	$104.1⁽¹⁴⁾	508,030	D
Class A Common Stock	12/11/2025		S⁽¹⁾		23,172	D	$104.67⁽¹⁵⁾	484,858	D
Class A Common Stock	12/11/2025		S⁽¹⁾		5,465	D	$105.95⁽¹⁶⁾	479,393	D
Class A Common Stock	12/11/2025		S⁽¹⁾		4,668	D	$106.84⁽¹⁷⁾	474,725	D
Class A Common Stock	12/11/2025		S⁽¹⁾		7,833	D	$108.01⁽¹⁸⁾	466,892	D
Class A Common Stock	12/11/2025		S⁽¹⁾		4,255	D	$108.76⁽¹⁹⁾	462,637	D
Class A Common Stock	12/11/2025		S⁽¹⁾		28,500	D	$104.09⁽²⁰⁾	434,137	D
Class A Common Stock	12/11/2025		S⁽¹⁾		26,621	D	$104.61⁽²¹⁾	407,516	D
Class A Common Stock	12/11/2025		S⁽¹⁾		6,169	D	$105.96⁽²²⁾	401,347	D
Class A Common Stock	12/11/2025		S⁽¹⁾		6,095	D	$106.77⁽²³⁾	395,252	D
Class A Common Stock	12/11/2025		S⁽¹⁾		11,880	D	$108.18⁽²⁴⁾	383,372	D
Class A Common Stock	12/11/2025		S⁽¹⁾		6,567	D	$108.92⁽²⁵⁾	376,805	D
Class A Common Stock								327	I	I⁽²⁶⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$14.04	12/11/2025		M⁽¹⁾			285,832	⁽²⁷⁾	04/01/2034	Class A Common Stock	285,832	$0	122,500	D

Explanation of Responses:

1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2025.

2. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.32. 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.

4. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.34. 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.

5. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.23. 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.

6. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.52 to $108.52. 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.

7. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.53 to $109.07. 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.

8. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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.

9. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.34. 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.

10. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.35. 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.

11. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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.

12. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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.

13. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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.

14. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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.

15. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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.

16. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.35. 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.

17. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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.

18. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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.

19. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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.

20. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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.

21. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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.

22. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.37. 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.

23. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.45 to $107.35. 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.

24. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.53 to $108.53. 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.

25. Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.61 to $109.39. 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.

26. By 401(K).

27. 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.

	/s/ Hamid Akhavan by Dean A. Manson, Attorney-in-Fact	12/15/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock transactions did EchoStar (SATS) CEO Hamid Akhavan report on December 11, 2025?

Hamid Akhavan reported exercising employee stock options for 285,832 shares of EchoStar Class A common stock at $14.04 per share and, on the same date, reported multiple open-market sales of Class A shares at various weighted average prices.

How many EchoStar (SATS) shares did Hamid Akhavan acquire through option exercise, and at what price?

He acquired 285,832 shares of EchoStar Class A common stock by exercising employee stock options at an exercise price of $14.04 per share.

At what prices were EchoStar (SATS) shares sold in Hamid Akhavan's reported transactions?

The filing states that the reported sales were made at weighted average sale prices for each transaction, with price ranges between approximately $103.35 and $109.39, with detailed share counts by price level available upon request to the SEC staff, the issuer, or a security holder.

How many EchoStar (SATS) shares does Hamid Akhavan own after these transactions?

Following the reported trades, Hamid Akhavan beneficially owns 376,805 EchoStar Class A shares directly and 327 shares indirectly through a 401(k) plan.

What stock options on EchoStar (SATS) shares does Hamid Akhavan hold after the transactions?

He holds 122,500 employee stock options exercisable for EchoStar Class A common stock at an exercise price of $14.04 per share, expiring on April 1, 2034. According to the vesting schedule, 40% of the underlying shares vested immediately on the grant date, and the remaining 60% vest 30% per year on April 1, 2025 and April 1, 2026.

Were Hamid Akhavan's EchoStar (SATS) stock sales made under a Rule 10b5-1 trading plan?

Yes. The filing explains that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Hamid Akhavan on September 12, 2025, which is described as a contract, instruction or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).