[Form 4] EchoStar Corporation Insider Trading Activity
Paul W. Orban, reported as an officer (EVP, CFO, DISH) of EchoStar Corporation (ticker SATS), filed a Form 4 disclosing insider sales on 09/09/2025. The filing shows the disposition of 744 shares of Class A common stock at a reported price of $82.37 per share and a separate disposition of 470 shares. The form indicates 0 shares beneficially owned following the reported transactions and notes the shares were held indirectly via a 401(k). The filing is signed on behalf of Mr. Orban by an attorney-in-fact on 09/11/2025. The document contains only the described sale transactions and the 401(k) explanation.
Paul W. Orban, segnalato come dirigente (EVP, CFO, DISH) di EchoStar Corporation (ticker SATS), ha presentato un Modulo 4 in cui vengono divulgate vendite di insider il 09/09/2025. La comunicazione mostra la cessione di 744 azioni di Class A in regime di prezzo riportato di $82.37 per azione e una separata cessione di 470 azioni. Il modulo indica 0 azioni possedute beneficiariamente a seguito delle transazioni riportate e annota che le azioni erano detenute indirettamente tramite un 401(k). Il modulo è firmato per conto del signor Orban da un procuratore il 11/09/2025. Il documento contiene solo le vendite descritte e la spiegazione del 401(k).
Paul W. Orban, informado como un funcionario (EVP, CFO, DISH) de EchoStar Corporation (ticker SATS), presentó un Form 4 divulgando ventas de insiders el 09/09/2025. El informe muestra la disposición de 744 acciones de clase A al precio reportado de $82.37 por acción y una disposición separada de 470 acciones. El formulario indica 0 acciones beneficiosamente poseídas tras las transacciones reportadas y señala que las acciones se mantenían indirectamente a través de un 401(k). El informe está firmado en nombre del Sr. Orban por un mandatario el 11/09/2025. El documento contiene solo las ventas descritas y la explicación del 401(k).
Paul W. Orban은 EchoStar Corporation의 임원(EVP, CFO, DISH)으로 보고되며(티커 SATS), 2025-09-09에 내부자 매도를 공시하는 Form 4를 제출했습니다. 이 제출서는 744주 Class A 보통주를 $82.37의 보고가액으로 매도했고, 470주를 추가로 매도한 것을 보여줍니다. 제출서는 거래 후 0주가 유익하게 소유되었다고 표시하며, 주식이 401(k)를 통해 간접 보유되었다고 주석합니다. 이 서류는 2025-09-11에 대리인에 의해 Orban씨를 대신하여 서명되었습니다. 이 문서는 기술된 매도 거래와 401(k) 설명만을 포함합니다.
Paul W. Orban, déclaré comme cadre (EVP, CFO, DISH) d’EchoStar Corporation (ticker SATS), a déposé un Form 4 révélant des ventes d’initiés le 09/09/2025. Le dossier indique la cession de 744 actions ordinaires de classe A à un prix rapporté de $82.37 par action et une cession séparée de 470 actions. Le formulaire indique 0 actions possédées de manière bénéficiaire à la suite des transactions rapportées et précise que les actions étaient détenues de manière indirecte via un 401(k). Le document est signé au nom de M. Orban par un mandataire le 11/09/2025. Le document ne contient que les opérations de vente décrites et l’explication du 401(k).
Paul W. Orban, gemäß Bericht als Beauftragter (EVP, CFO, DISH) der EchoStar Corporation (Tickersymbol SATS) geführt, hat ein Form 4 eingereicht, das Insider-Verkäufe am 09.09.2025 offenlegt. Das Formular zeigt den Abgang von 744 Class-A-Stammaktien zu einem gemeldeten Preis von $82,37 pro Aktie sowie einen separaten Abgang von 470 Aktien. Das Formular gibt an, dass nach den gemeldeten Transaktionen 0 Aktien vorteilhaft besessen werden, und vermerkt, dass die Aktien indirekt über einen 401(k) gehalten wurden. Die Unterzeichnung des Formulars erfolgt im Namen von Herrn Orban durch einen Bevollmächtigten am 11.09.2025. Das Dokument enthält ausschließlich die beschriebenen Verkaufs-transaktionen und die 401(k)-Erklärung.
Paul W. Orban، مُبلّغ عنه كموظف رسمي (EVP، CFO، DISH) في EchoStar Corporation (الرمز SATS)، قد قدّم نموذج 4 يكشف عن مبيعات داخلية في 09/09/2025. يظهر القيد تصريف 744 سهماً من فئة أ مع سعر مذكور قدره $82.37 للسهم وانتصاف تصريف آخر لـ 470 سهماً. يشير النموذج إلى عدم وجود أسهم مملوكة فائدة بعد المعاملات والكشف أن الأسهم كانت مملوكة بشكل غير مباشر عبر 401(k). تم توقيع النموذج نيابة عن السيد أوربان بواسطة وكيل في 11/09/2025. يحتوي المستند tylko على معاملات البيع الموصوفة وتفسير الـ 401(k).
Paul W. Orban，被列为 EchoStar Corporation 的高管（EVP、CFO、DISH）（股票代码 SATS），在 2025-09-09提交了 Form 4 披露内幕交易。文件显示以报告价格 $82.37/股卖出 744 股 A 类普通股，并另外卖出 470 股。表格指出交易后持有的受益所有权为 0 股，并备注这些股票通过 401(k) 间接持有。该文件于 2025-09-11 由一名代理人代表 Orban 先生签署。文件仅包含所述的出售交易及对 401(k) 的说明。
- Timely disclosure of insider transactions consistent with Section 16 reporting requirements
- Clear identification of indirect ownership through a 401(k), providing transparency on holding form
- Insider dispositions totaling 1,214 Class A shares (744 and 470 shares) reported on 09/09/2025
- Reported beneficial ownership reduced to 0 following the transactions (per the form)
Insights
TL;DR: Officer reported two disposals totaling 1,214 shares, including a 744-share sale at $82.37, leaving zero reported beneficial holdings.
The Form 4 documents two non-derivative dispositions by Paul W. Orban on 09/09/2025: a sale of 744 Class A shares at $82.37 and an additional disposition of 470 Class A shares. The filing states the holdings are indirect via a 401(k) and shows 0 shares beneficially owned after the transactions. For investors, this is a straightforward compliance disclosure of insider sales with no other connected transactions or derivative activity reported. All details presented are transactional facts; the form does not provide context such as reason for sale, price proceeds, or any intended plan.
TL;DR: Routine Section 16 disclosure of insider dispositions; indicates compliance but provides no governance concerns beyond the sales themselves.
The filing appears to meet disclosure requirements under Section 16 by reporting timely sales executed on 09/09/2025 and a signature via attorney-in-fact on 09/11/2025. It specifies indirect ownership through a 401(k), which explains the nature of the holdings. The document contains no amendments, grants, option exercises, or other governance actions. As presented, this is a routine insider-reporting submission rather than a governance event with broader corporate implications.
Paul W. Orban, segnalato come dirigente (EVP, CFO, DISH) di EchoStar Corporation (ticker SATS), ha presentato un Modulo 4 in cui vengono divulgate vendite di insider il 09/09/2025. La comunicazione mostra la cessione di 744 azioni di Class A in regime di prezzo riportato di $82.37 per azione e una separata cessione di 470 azioni. Il modulo indica 0 azioni possedute beneficiariamente a seguito delle transazioni riportate e annota che le azioni erano detenute indirettamente tramite un 401(k). Il modulo è firmato per conto del signor Orban da un procuratore il 11/09/2025. Il documento contiene solo le vendite descritte e la spiegazione del 401(k).
Paul W. Orban, informado como un funcionario (EVP, CFO, DISH) de EchoStar Corporation (ticker SATS), presentó un Form 4 divulgando ventas de insiders el 09/09/2025. El informe muestra la disposición de 744 acciones de clase A al precio reportado de $82.37 por acción y una disposición separada de 470 acciones. El formulario indica 0 acciones beneficiosamente poseídas tras las transacciones reportadas y señala que las acciones se mantenían indirectamente a través de un 401(k). El informe está firmado en nombre del Sr. Orban por un mandatario el 11/09/2025. El documento contiene solo las ventas descritas y la explicación del 401(k).
Paul W. Orban은 EchoStar Corporation의 임원(EVP, CFO, DISH)으로 보고되며(티커 SATS), 2025-09-09에 내부자 매도를 공시하는 Form 4를 제출했습니다. 이 제출서는 744주 Class A 보통주를 $82.37의 보고가액으로 매도했고, 470주를 추가로 매도한 것을 보여줍니다. 제출서는 거래 후 0주가 유익하게 소유되었다고 표시하며, 주식이 401(k)를 통해 간접 보유되었다고 주석합니다. 이 서류는 2025-09-11에 대리인에 의해 Orban씨를 대신하여 서명되었습니다. 이 문서는 기술된 매도 거래와 401(k) 설명만을 포함합니다.
Paul W. Orban, déclaré comme cadre (EVP, CFO, DISH) d’EchoStar Corporation (ticker SATS), a déposé un Form 4 révélant des ventes d’initiés le 09/09/2025. Le dossier indique la cession de 744 actions ordinaires de classe A à un prix rapporté de $82.37 par action et une cession séparée de 470 actions. Le formulaire indique 0 actions possédées de manière bénéficiaire à la suite des transactions rapportées et précise que les actions étaient détenues de manière indirecte via un 401(k). Le document est signé au nom de M. Orban par un mandataire le 11/09/2025. Le document ne contient que les opérations de vente décrites et l’explication du 401(k).
Paul W. Orban, gemäß Bericht als Beauftragter (EVP, CFO, DISH) der EchoStar Corporation (Tickersymbol SATS) geführt, hat ein Form 4 eingereicht, das Insider-Verkäufe am 09.09.2025 offenlegt. Das Formular zeigt den Abgang von 744 Class-A-Stammaktien zu einem gemeldeten Preis von $82,37 pro Aktie sowie einen separaten Abgang von 470 Aktien. Das Formular gibt an, dass nach den gemeldeten Transaktionen 0 Aktien vorteilhaft besessen werden, und vermerkt, dass die Aktien indirekt über einen 401(k) gehalten wurden. Die Unterzeichnung des Formulars erfolgt im Namen von Herrn Orban durch einen Bevollmächtigten am 11.09.2025. Das Dokument enthält ausschließlich die beschriebenen Verkaufs-transaktionen und die 401(k)-Erklärung.
FAQ
What did Paul W. Orban report on the Form 4 for EchoStar (SATS)?
How were the shares held according to the Form 4?
When was the Form 4 signed and filed?
Does the Form 4 show any derivative transactions or option exercises?
Is there any indication this Form 4 is an amendment?
