STOCK TITAN

[Form 4] EchoStar Corporation Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

EchoStar Corp. (SATS) – Form 4 insider activity: On 07/09/2025, Chief Legal Officer Dean A. Manson exercised 25,000 employee stock options at an exercise price of $14.04 (Code M), immediately acquiring the same number of Class A common shares. He then sold the 25,000 shares on the same day at $33.00 per share (Code S). After the transactions, Manson’s direct holding decreased to 2,322 shares, while he retains 1,106 shares indirectly through a 401(k) and 107,331 unexercised options priced at $14.04 that expire 04/01/2034. The options originally vested 40% at grant, with the remaining 60% vesting 30% each on 04/01/2025 and 04/01/2026. The trades were executed under a Rule 10b5-1 trading plan.

EchoStar Corp. (SATS) – Attività insider Form 4: Il 09/07/2025, il Chief Legal Officer Dean A. Manson ha esercitato 25.000 stock option per dipendenti al prezzo di esercizio di 14,04$ (Codice M), acquisendo immediatamente lo stesso numero di azioni ordinarie di Classe A. Successivamente, ha venduto le 25.000 azioni lo stesso giorno a 33,00$ per azione (Codice S). Dopo queste operazioni, la partecipazione diretta di Manson è scesa a 2.322 azioni, mentre mantiene indirettamente 1.106 azioni tramite un piano 401(k) e 107.331 opzioni non esercitate al prezzo di 14,04$ che scadono il 01/04/2034. Le opzioni sono state originariamente concesse con un vesting del 40% al momento dell’assegnazione, con il restante 60% che matura al 30% rispettivamente il 01/04/2025 e il 01/04/2026. Le operazioni sono state eseguite nell’ambito di un piano di trading secondo la Regola 10b5-1.

EchoStar Corp. (SATS) – Actividad insider Formulario 4: El 09/07/2025, el Director Legal Dean A. Manson ejerció 25,000 opciones sobre acciones para empleados a un precio de ejercicio de $14.04 (Código M), adquiriendo inmediatamente la misma cantidad de acciones ordinarias Clase A. Luego vendió las 25,000 acciones el mismo día a $33.00 por acción (Código S). Tras estas transacciones, la tenencia directa de Manson disminuyó a 2,322 acciones, mientras que retiene indirectamente 1,106 acciones a través de un plan 401(k) y 107,331 opciones no ejercidas a $14.04 que vencen el 01/04/2034. Las opciones se otorgaron originalmente con un 40% de vesting al momento de la concesión, y el 60% restante se consolida en un 30% cada uno el 01/04/2025 y el 01/04/2026. Las operaciones se realizaron bajo un plan de negociación conforme a la Regla 10b5-1.

EchoStar Corp. (SATS) – Form 4 내부자 거래 내역: 2025년 7월 9일, 최고법률책임자(Chief Legal Officer) Dean A. Manson은 행사 가격 $14.04(코드 M)로 직원 스톡옵션 25,000주를 행사하여 동일한 수의 클래스 A 보통주를 즉시 취득했습니다. 이후 같은 날 주당 $33.00(코드 S)에 25,000주를 매도했습니다. 거래 후 Manson의 직접 보유 주식은 2,322주로 감소했으며, 401(k)를 통해 간접적으로 1,106주를 보유하고 있고, 행사 가격 $14.04에 만료일이 2034년 4월 1일인 미행사 옵션 107,331주를 유지하고 있습니다. 옵션은 처음 부여 시 40%가 베스팅 되었으며, 나머지 60%는 2025년 4월 1일과 2026년 4월 1일에 각각 30%씩 베스팅됩니다. 거래는 Rule 10b5-1 거래 계획에 따라 실행되었습니다.

EchoStar Corp. (SATS) – Activité des initiés Formulaire 4 : Le 09/07/2025, le Directeur Juridique Dean A. Manson a exercé 25 000 options d’achat d’actions employés à un prix d’exercice de 14,04 $ (Code M), acquérant immédiatement le même nombre d’actions ordinaires de Classe A. Il a ensuite vendu les 25 000 actions le même jour à 33,00 $ par action (Code S). Après ces opérations, la détention directe de Manson a diminué à 2 322 actions, tandis qu’il conserve indirectement 1 106 actions via un plan 401(k) ainsi que 107 331 options non exercées au prix de 14,04 $ expirant le 01/04/2034. Les options ont été initialement acquises à hauteur de 40 % à la date d’attribution, les 60 % restants se débloquant à raison de 30 % chacun le 01/04/2025 et le 01/04/2026. Les transactions ont été réalisées dans le cadre d’un plan de trading conforme à la règle 10b5-1.

EchoStar Corp. (SATS) – Insider-Aktivitäten gemäß Form 4: Am 09.07.2025 übte Chief Legal Officer Dean A. Manson 25.000 Mitarbeiteraktienoptionen zum Ausübungspreis von 14,04 $ (Code M) aus und erwarb sofort die gleiche Anzahl von Class-A-Stammaktien. Anschließend verkaufte er die 25.000 Aktien am selben Tag zu je 33,00 $ (Code S). Nach den Transaktionen verringerte sich Mansons Direktbestand auf 2.322 Aktien, während er indirekt 1.106 Aktien über einen 401(k)-Plan sowie 107.331 nicht ausgeübte Optionen zum Preis von 14,04 $ hält, die am 01.04.2034 verfallen. Die Optionen wurden ursprünglich zu 40 % bei Gewährung vestet, die restlichen 60 % vesten jeweils zu 30 % am 01.04.2025 und 01.04.2026. Die Geschäfte wurden im Rahmen eines Rule 10b5-1 Handelsplans ausgeführt.

Positive
  • Retention of 107,331 unexercised options indicates continued long-term equity incentive alignment.
Negative
  • Sale of 25,000 shares at $33 lowers the insider’s direct stake to 2,322 shares, potentially signaling reduced short-term confidence.

Insights

TL;DR: Officer exercises & sells 25k shares, retaining minimal equity; neutral-to-slightly negative sentiment.

The filing shows a classic option exercise-and-sale: 25,000 options converted at $14.04 and the underlying shares sold the same day at $33, generating cash and neutralizing immediate share-count impact. Post-sale, direct ownership falls to just 2,322 shares, a relatively low stake for a C-suite member, which can be read as modestly bearish on personal conviction. However, the sale was conducted under a 10b5-1 plan, limiting informational signalling. Manson still controls 107,331 options, so long-term incentive alignment remains. Overall impact is limited; investors may note reduced insider exposure but no strategic implication for EchoStar’s operations.

EchoStar Corp. (SATS) – Attività insider Form 4: Il 09/07/2025, il Chief Legal Officer Dean A. Manson ha esercitato 25.000 stock option per dipendenti al prezzo di esercizio di 14,04$ (Codice M), acquisendo immediatamente lo stesso numero di azioni ordinarie di Classe A. Successivamente, ha venduto le 25.000 azioni lo stesso giorno a 33,00$ per azione (Codice S). Dopo queste operazioni, la partecipazione diretta di Manson è scesa a 2.322 azioni, mentre mantiene indirettamente 1.106 azioni tramite un piano 401(k) e 107.331 opzioni non esercitate al prezzo di 14,04$ che scadono il 01/04/2034. Le opzioni sono state originariamente concesse con un vesting del 40% al momento dell’assegnazione, con il restante 60% che matura al 30% rispettivamente il 01/04/2025 e il 01/04/2026. Le operazioni sono state eseguite nell’ambito di un piano di trading secondo la Regola 10b5-1.

EchoStar Corp. (SATS) – Actividad insider Formulario 4: El 09/07/2025, el Director Legal Dean A. Manson ejerció 25,000 opciones sobre acciones para empleados a un precio de ejercicio de $14.04 (Código M), adquiriendo inmediatamente la misma cantidad de acciones ordinarias Clase A. Luego vendió las 25,000 acciones el mismo día a $33.00 por acción (Código S). Tras estas transacciones, la tenencia directa de Manson disminuyó a 2,322 acciones, mientras que retiene indirectamente 1,106 acciones a través de un plan 401(k) y 107,331 opciones no ejercidas a $14.04 que vencen el 01/04/2034. Las opciones se otorgaron originalmente con un 40% de vesting al momento de la concesión, y el 60% restante se consolida en un 30% cada uno el 01/04/2025 y el 01/04/2026. Las operaciones se realizaron bajo un plan de negociación conforme a la Regla 10b5-1.

EchoStar Corp. (SATS) – Form 4 내부자 거래 내역: 2025년 7월 9일, 최고법률책임자(Chief Legal Officer) Dean A. Manson은 행사 가격 $14.04(코드 M)로 직원 스톡옵션 25,000주를 행사하여 동일한 수의 클래스 A 보통주를 즉시 취득했습니다. 이후 같은 날 주당 $33.00(코드 S)에 25,000주를 매도했습니다. 거래 후 Manson의 직접 보유 주식은 2,322주로 감소했으며, 401(k)를 통해 간접적으로 1,106주를 보유하고 있고, 행사 가격 $14.04에 만료일이 2034년 4월 1일인 미행사 옵션 107,331주를 유지하고 있습니다. 옵션은 처음 부여 시 40%가 베스팅 되었으며, 나머지 60%는 2025년 4월 1일과 2026년 4월 1일에 각각 30%씩 베스팅됩니다. 거래는 Rule 10b5-1 거래 계획에 따라 실행되었습니다.

EchoStar Corp. (SATS) – Activité des initiés Formulaire 4 : Le 09/07/2025, le Directeur Juridique Dean A. Manson a exercé 25 000 options d’achat d’actions employés à un prix d’exercice de 14,04 $ (Code M), acquérant immédiatement le même nombre d’actions ordinaires de Classe A. Il a ensuite vendu les 25 000 actions le même jour à 33,00 $ par action (Code S). Après ces opérations, la détention directe de Manson a diminué à 2 322 actions, tandis qu’il conserve indirectement 1 106 actions via un plan 401(k) ainsi que 107 331 options non exercées au prix de 14,04 $ expirant le 01/04/2034. Les options ont été initialement acquises à hauteur de 40 % à la date d’attribution, les 60 % restants se débloquant à raison de 30 % chacun le 01/04/2025 et le 01/04/2026. Les transactions ont été réalisées dans le cadre d’un plan de trading conforme à la règle 10b5-1.

EchoStar Corp. (SATS) – Insider-Aktivitäten gemäß Form 4: Am 09.07.2025 übte Chief Legal Officer Dean A. Manson 25.000 Mitarbeiteraktienoptionen zum Ausübungspreis von 14,04 $ (Code M) aus und erwarb sofort die gleiche Anzahl von Class-A-Stammaktien. Anschließend verkaufte er die 25.000 Aktien am selben Tag zu je 33,00 $ (Code S). Nach den Transaktionen verringerte sich Mansons Direktbestand auf 2.322 Aktien, während er indirekt 1.106 Aktien über einen 401(k)-Plan sowie 107.331 nicht ausgeübte Optionen zum Preis von 14,04 $ hält, die am 01.04.2034 verfallen. Die Optionen wurden ursprünglich zu 40 % bei Gewährung vestet, die restlichen 60 % vesten jeweils zu 30 % am 01.04.2025 und 01.04.2026. Die Geschäfte wurden im Rahmen eines Rule 10b5-1 Handelsplans ausgeführt.

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).
X
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)
07/09/2025
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)
Code V Amount (A) or (D) Price
Class A Common Stock 07/09/2025 M(1) 25,000 A $14.04 27,322 D
Class A Common Stock 07/09/2025 S(1) 25,000 D $33 2,322 D
Class A Common Stock 1,106 I I(2)
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 07/09/2025 M(1) 25,000 (3) 04/01/2034 Class A Common Stock 25,000 $14.04 107,331 D
Explanation of Responses:
1. The transaction reported was effected pursuant to a Rule 10b5-1 trading plan.
2. By 401(K).
3. 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/ Dean A. Manson, by Daniel W. Conroy, Attorney-in-Fact 07/11/2025
** 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.

FAQ

How many EchoStar (SATS) shares did Dean Manson sell on July 9 2025?

25,000 Class A common shares were sold at $33.00 each.

At what price were the options exercised by EchoStar’s Chief Legal Officer?

The 25,000 options were exercised at an exercise price of $14.04 per share.

How many EchoStar shares does Dean Manson now hold directly?

Following the transactions, he holds 2,322 shares directly.

Does the filing mention a Rule 10b5-1 trading plan?

Yes. The transactions were executed under a Rule 10b5-1 plan.

What is the vesting schedule of the remaining options?

40% vested at grant; the remaining 60% vest 30% each on 04/01/2025 and 04/01/2026.
Echostar Corp

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9.01B
134.06M
13.61%
93.21%
5.6%
Communication Equipment
Communications Services, Nec
Link
United States
ENGLEWOOD