FMR LLC and Abigail Johnson disclose 15% EchoStar (SATS) stake in 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
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.
Positive
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Negative
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FAQ
What stake in EchoStar Corp (SATS) does FMR LLC report on this Schedule 13G/A?
FMR LLC reports beneficial ownership of 24,487,775.60 EchoStar Corp Class A shares, representing 15.0% of that class. This stake gives FMR LLC substantial influence through voting and dispositive power but is reported on a passive, non-control basis under Schedule 13G/A.
What is Abigail P. Johnson’s reported beneficial ownership in EchoStar Corp (SATS)?
Abigail P. Johnson is reported as beneficially owning 24,487,775.60 EchoStar Class A shares, or 15.0% of the class, with sole dispositive power over that amount. She reports no sole or shared voting power and no shared dispositive power in this filing.
Is FMR LLC’s EchoStar (SATS) ownership intended to influence control of the company?
The filing states the EchoStar securities were acquired and are held in the ordinary course of business, not to change or influence control. It also notes they are not held in connection with transactions aimed at control, other than activities tied to a specific nomination rule.
Who may receive dividends or sale proceeds from FMR LLC’s EchoStar (SATS) holdings?
The filing explains that one or more other persons may have the right to receive dividends or sale proceeds from EchoStar Class A shares. However, no single such person has an interest exceeding five percent of the total outstanding Class A common stock.
What type of security in EchoStar Corp (SATS) is reported in this Schedule 13G/A?
The report covers EchoStar Corp’s Class A common stock with CUSIP 278768106. All ownership figures, percentages, and voting and dispositive powers disclosed in the filing relate specifically to this class of EchoStar equity securities.