| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Akhavan Hamid | CEO, EchoStar Capital, Director | 9601 S. MERIDIAN BLVD., ENGLEWOOD | /s/ Hamid Akhavan by Dean A. Manson, Attorney-in-Fact | 15 Dec 2025 | 0001295252 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SATS | Class A Common Stock | Options Exercise | $4,013,081 | +285,832 | +76% | $14.04 | 662,637 | 11 Dec 2025 | Direct | F1 |
| transaction | SATS | Class A Common Stock | Sale | $2,095,429 | -20,129 | -3% | $104.10 | 642,508 | 11 Dec 2025 | Direct | F1, F2 |
| transaction | SATS | Class A Common Stock | Sale | $1,563,471 | -14,940 | -2.3% | $104.65 | 627,568 | 11 Dec 2025 | Direct | F1, F3 |
| transaction | SATS | Class A Common Stock | Sale | $343,051 | -3,240 | -0.52% | $105.88 | 624,328 | 11 Dec 2025 | Direct | F1, F4 |
| transaction | SATS | Class A Common Stock | Sale | $390,275 | -3,657 | -0.59% | $106.72 | 620,671 | 11 Dec 2025 | Direct | F1, F5 |
| transaction | SATS | Class A Common Stock | Sale | $553,386 | -5,123 | -0.83% | $108.02 | 615,548 | 11 Dec 2025 | Direct | F1, F6 |
| transaction | SATS | Class A Common Stock | Sale | $316,659 | -2,911 | -0.47% | $108.78 | 612,637 | 11 Dec 2025 | Direct | F1, F7 |
| transaction | SATS | Class A Common Stock | Sale | $3,082,193 | -29,608 | -4.8% | $104.10 | 583,029 | 11 Dec 2025 | Direct | F1, F8 |
| transaction | SATS | Class A Common Stock | Sale | $2,411,366 | -23,040 | -4% | $104.66 | 559,989 | 11 Dec 2025 | Direct | F1, F9 |
| transaction | SATS | Class A Common Stock | Sale | $592,678 | -5,595 | -1% | $105.93 | 554,394 | 11 Dec 2025 | Direct | F1, F10 |
| transaction | SATS | Class A Common Stock | Sale | $498,943 | -4,670 | -0.84% | $106.84 | 549,724 | 11 Dec 2025 | Direct | F1, F11 |
| transaction | SATS | Class A Common Stock | Sale | $845,826 | -7,831 | -1.4% | $108.01 | 541,893 | 11 Dec 2025 | Direct | F1, F12 |
| transaction | SATS | Class A Common Stock | Sale | $462,883 | -4,256 | -0.79% | $108.76 | 537,637 | 11 Dec 2025 | Direct | F1, F13 |
| transaction | SATS | Class A Common Stock | Sale | $3,082,089 | -29,607 | -5.5% | $104.10 | 508,030 | 11 Dec 2025 | Direct | F1, F14 |
| transaction | SATS | Class A Common Stock | Sale | $2,425,413 | -23,172 | -4.6% | $104.67 | 484,858 | 11 Dec 2025 | Direct | F1, F15 |
| transaction | SATS | Class A Common Stock | Sale | $579,017 | -5,465 | -1.1% | $105.95 | 479,393 | 11 Dec 2025 | Direct | F1, F16 |
| transaction | SATS | Class A Common Stock | Sale | $498,729 | -4,668 | -0.97% | $106.84 | 474,725 | 11 Dec 2025 | Direct | F1, F17 |
| transaction | SATS | Class A Common Stock | Sale | $846,042 | -7,833 | -1.7% | $108.01 | 466,892 | 11 Dec 2025 | Direct | F1, F18 |
| transaction | SATS | Class A Common Stock | Sale | $462,774 | -4,255 | -0.91% | $108.76 | 462,637 | 11 Dec 2025 | Direct | F1, F19 |
| transaction | SATS | Class A Common Stock | Sale | $2,966,565 | -28,500 | -6.2% | $104.09 | 434,137 | 11 Dec 2025 | Direct | F1, F20 |
| transaction | SATS | Class A Common Stock | Sale | $2,784,823 | -26,621 | -6.1% | $104.61 | 407,516 | 11 Dec 2025 | Direct | F1, F21 |
| transaction | SATS | Class A Common Stock | Sale | $653,667 | -6,169 | -1.5% | $105.96 | 401,347 | 11 Dec 2025 | Direct | F1, F22 |
| transaction | SATS | Class A Common Stock | Sale | $650,763 | -6,095 | -1.5% | $106.77 | 395,252 | 11 Dec 2025 | Direct | F1, F23 |
| transaction | SATS | Class A Common Stock | Sale | $1,285,178 | -11,880 | -3% | $108.18 | 383,372 | 11 Dec 2025 | Direct | F1, F24 |
| transaction | SATS | Class A Common Stock | Sale | $715,278 | -6,567 | -1.7% | $108.92 | 376,805 | 11 Dec 2025 | Direct | F1, F25 |
| holding | SATS | Class A Common Stock | 327 | 11 Dec 2025 | I | F26 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SATS | Employee Stock Option (Right to Buy) | Options Exercise | $0 | -285,832 | -70% | $0.000000 | 122,500 | 11 Dec 2025 | Class A Common Stock | 285,832 | $14.04 | Direct | F1, F27 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
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).
| Id | Content |
|---|---|
| F1 | The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2025. |
| F2 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F3 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.32. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F4 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.34. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F5 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.23. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F6 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.52 to $108.52. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F7 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.53 to $109.07. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F8 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F9 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.34. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F10 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F11 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F12 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F13 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F14 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F15 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F16 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F17 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F18 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F19 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F20 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F21 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F22 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.37. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F23 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.45 to $107.35. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F24 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.53 to $108.53. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F25 | Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.61 to $109.39. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| F26 | By 401(K). |
| F27 | 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. |