Hamid Akhavan - 01 Apr 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role: CEO and President
Signature: /s/ Hamid Akhavan, by Dean Manson, his Attorney-In-Fact
Issuer symbol: SATS
Transactions as of: 01 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2023, 18:43:14 UTC
Previous filing: 21 Jul 2022
Next filing: 27 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SATS	Class A Common Stock	Options Exercise		+100,000			100,000	01 Apr 2023	Direct	F1
holding	SATS	Class A Common Stock						240	01 Apr 2023	By 401(k) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SATS	Restricted Stock Units	Options Exercise	$0	-100,000	-33%	$0.000000	200,000	01 Apr 2023	Class A Common Stock	100,000		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2	In March 2023, the reporting person acquired 240 shares of Class A Common Stock under the Echostar Corporation 401(k) plan. The information in this report is based on a plan statement dated as of March 31, 2023.
F3	The shares underlying the restricted stock units vest over 3 years in equal annual installments, commencing April 1, 2023. Vested shares are issued to the reporting person immediately upon vesting.