Key facts
- This page summarizes Hamid Akhavan's Form 4 filing for EchoStar CORP (SATS).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 03 Apr 2024, 17:48.
Hamid Akhavan - 01 Apr 2024 Form 4 Insider Report for EchoStar CORP (SATS)
- Reporting relationship
- PRESIDENT AND CEO
- Issuer ticker
- SATS
- Reported as of
- 01 Apr 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Apr 2024, 17:48:50 UTC
- Prior SEC filing
- 03 Jan 2024
- Next SEC filing
- 03 Jan 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Hamid Akhavan, by Dean A. Manson, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Hamid Akhavan filed Form 4 for EchoStar CORP (SATS) on 03 Apr 2024.
Change
- Previous filing in this sequence was filed on 03 Jan 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SATS
transaction
Derivative
Employee Stock Option (Right to Buy)
Disposed to Issuer
- Transaction value
- $0
- Shares
- -700,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Apr 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 700,000
- Exercise price
- $25.21
- Footnotes
- F1, F2
SATS
transaction
Derivative
Employee Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +408,333
- Change %
- Price
- $0.000000
- Shares after
- 408,333
- Date
- 01 Apr 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 408,333
- Exercise price
- $14.04
- Footnotes
- F1, F3
SATS
transaction
Derivative
Employee Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +81,667
- Change %
- Price
- $0.000000
- Shares after
- 81,667
- Date
- 01 Apr 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 81,667
- Exercise price
- $14.04
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
The transactions reported herein reflect the exchange of "underwater" options to acquire shares of the Issuer's Class A Common Stock pursuant to the terms and conditions set forth in the Issuer's Offer to Exchange Eligible Stock Options dated March 4, 2024, which expired on April 1, 2024 (the "Exchange"). Effective April 1, 2024, the Issuer cancelled the options the Reporting Person elected to exchange and granted to the Reporting Person new options with, among other new terms, a new exercise price, a different vesting schedule and in certain cases a different number of options, for options that are not subject to achievement of certain performance criteria. The new exercise price is $14.04, which is the closing price of the Issuer's Class A Common Stock on April 1, 2024.
Footnote F2
The option vests in three equal annual installments beginning on December 31, 2024.
Footnote F3
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.
Footnote F4
The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028.