Welcome to our dedicated page for Echostar SEC filings (Ticker: SATS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The EchoStar Corporation (NASDAQ: SATS) SEC filings page on Stock Titan provides access to the company’s official regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents include current reports on Form 8-K, quarterly and annual reports, and other filings that describe EchoStar’s operations in wireless, pay-TV, and broadband and satellite services, as well as its capital structure and significant transactions.
EchoStar’s Form 8-K filings, for example, outline material events such as the Amended and Restated License Purchase Agreement with Space Exploration Technologies Corp. (SpaceX) for AWS spectrum, and the creation of the EchoStar Capital division. These reports also document leadership appointments and changes, and provide context for major spectrum transactions and related consideration in SpaceX Class A common stock.
EchoStar’s periodic reports, referenced in its press releases, contain segment information for Pay-TV, Wireless, and Broadband & Satellite Services, along with explanations of non-GAAP measures like OIBDA and Adjusted OIBDA. The company’s filings also describe its 3.875% Convertible Senior Secured Notes due 2030, including conditions under which the notes become convertible into cash, EchoStar common stock, or a combination of both.
On Stock Titan, AI-powered tools summarize lengthy EchoStar filings, helping readers understand key points such as spectrum agreements, segment performance, and capital allocation decisions without reading every page. Users can also track updates related to EchoStar’s listed Class A common stock on The Nasdaq Stock Market under the symbol SATS, and review how the company reports on its brands, including Boost Mobile, DISH TV, Sling TV and Hughes, in its official SEC documents.
EchoStar Corporation uses this annual report to explain a major strategic shift driven by U.S. spectrum regulators. After an FCC review of its build-out obligations, the company agreed to two large spectrum sales and terminated deployment of its standalone 5G network.
Under a License Purchase Agreement with AT&T, EchoStar will sell all of its 3.45–3.55 GHz and 600 MHz spectrum licenses and extend certain Hawaii leases for an aggregate $22.650 billion cash purchase price, subject to adjustments and a $18.6 billion minimum. Proceeds are earmarked to repay a $2.844 billion DISH intercompany loan tranche and redeem $3.5 billion of 11 3/4% Senior Secured Notes due 2027.
A revised SpaceX License Purchase Agreement values the transfer of AWS-4, H-Block and additional AWS-3 spectrum, plus related foreign assets, at approximately $20 billion, with up to $11 billion payable in SpaceX Class A common stock at $212 per share and the balance used to retire $9.821 billion of secured and convertible notes. SpaceX will also fund about $2 billion of interim debt service via cancellable loans and enter long‑term commercial agreements, including access to Starlink Direct to Cell and referral programs.
EchoStar recorded $17.632 billion of non‑cash impairments in 2025 tied mainly to abandoning large parts of its 5G network and certain broadband and satellite assets. The business is now organized into four segments—Pay‑TV, Wireless, Broadband and Satellite Services, and Other—with 6.998 million Pay‑TV, 7.511 million Wireless and 739,000 Broadband subscribers as of December 31, 2025.
Darsana Capital Partners filed Amendment No. 1 to a Schedule 13G/A reporting shared beneficial ownership of 7,000,000 shares of EchoStar Corp Class A common stock, representing 4.5% of the class.
The filing states these shares are directly owned by advisory clients of Darsana Capital Partners LP and includes a disclaimer that each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Dodge & Cox has updated its ownership report on EchoStar Corporation’s Class A common stock. As of the event date, it reports beneficial ownership of 32,443 shares, representing 0.0% of the outstanding class.
The firm states it holds these securities in the ordinary course of business and affirms they were not acquired to change or influence control of EchoStar. Dodge & Cox also reports sole voting and dispositive power over all 32,443 shares, with no shared voting or dispositive authority.
FMR LLC and Abigail P. Johnson report significant passive ownership of EchoStar Corp Class A common stock on a Schedule 13G/A. They beneficially own 24,487,775.60 shares, representing 15.0% of the class, with FMR LLC holding sole voting power over 24,103,068.36 shares.
The securities are reported as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of EchoStar. One or more other persons may receive dividends or sale proceeds, but no such person holds more than five percent of the outstanding Class A shares.
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 16,336,546.70 shares of EchoStar Corp Class A common stock, representing 10.0% of the class as of the event date 12/31/2025. FMR reports sole voting power over 15,951,947.42 shares and sole dispositive power over 16,336,546.70 shares. Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 16,336,546.70 shares but no voting power. The securities are certified as acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of EchoStar.
EchoStar Corp19,038,378 shares of Class B common stock, convertible into an equal number of Class A shares for no additional consideration, is shown as resulting in zero derivative securities beneficially owned after the reported transaction.
Under the Ergen Two-Year December 2023 SATS GRAT, on December 22, 2025 the trust distributed 2,060,220 Class B shares to Mr. Ergen as an annuity payment and contributed the remaining 16,978,158 Class B shares to Telluray Holdings, LLC in exchange for membership units. The 2023 December GRAT then expired in accordance with its terms. The reporting person is identified as a director and 10% owner, and the filing is made for one reporting person.
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.
EchoStar Corp director Tom A. Ortolf reported insider transactions dated 12/11/2025 involving Class A common stock. He exercised a non-employee director stock option for 1,754 shares at $92.17 per share and then sold 1,754 shares at $104.06. After these moves, he owned 3,698 Class A shares directly.
He also had indirect ownership of 70 Class A shares held by his child and 35,644 Class A shares held through a partnership. The option covered 1,754 shares of Class A common stock and the shares underlying the option were 100% vested upon the date of the grant, leaving no derivative securities owned directly after the exercise.
EchoStar CORP director George R. Brokaw reported a stock transaction involving the company’s Class A common stock. On 12/10/2025 he acquired 1,754 shares of Class A common stock at $92.17 per share in a transaction tied to a Non-Employee Director Stock Option with the same exercise price. After this transaction, he beneficially owned 4,508 shares of Class A common stock directly, and the reported stock option for 1,754 underlying shares showed zero derivative securities remaining. The filing notes that the shares underlying the option were 100% vested on the date of grant.
EchoStar Corporation (SATS) reported an insider stock transaction by its President, Technology & COO. On 11/21/2025, the executive sold 22,000 shares of Class A Common Stock in an open market sale coded "S" at a price of $67.34 per share. After this transaction, the executive directly holds 283,509 Class A shares, which include shares acquired under the company’s Employee Stock Purchase Plan, and indirectly holds 809 shares through a 401(k) plan. The filing is a Form 4 submitted for one reporting person and reflects a routine update to the insider’s ownership position.