Dean Manson - 09 Jul 2025 Form 4 Insider Report for EchoStar CORP (SATS)

Signature
/s/ Dean A. Manson, by Daniel W. Conroy, Attorney-in-Fact
Issuer symbol
SATS
Transactions as of
09 Jul 2025
Net transactions value
-$825,000
Form type
4
Filing time
11 Jul 2025, 19:06:15 UTC
Previous filing
10 Mar 2025
Next filing
11 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Manson Dean CHIEF LEGAL OFFICER 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Dean A. Manson, by Daniel W. Conroy, Attorney-in-Fact 11 Jul 2025 0001353333

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SATS Class A Common Stock Options Exercise $351,000 +25,000 +1077% $14.04 27,322 09 Jul 2025 Direct F1
transaction SATS Class A Common Stock Sale $825,000 -25,000 -92% $33.00 2,322 09 Jul 2025 Direct F1
holding SATS Class A Common Stock 1,106 09 Jul 2025 I 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 Employee Stock Option (Right to Buy) Options Exercise $351,000 -25,000 -19% $14.04 107,331 09 Jul 2025 Class A Common Stock 25,000 $14.04 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The transaction reported was effected pursuant to a Rule 10b5-1 trading plan.
F2 By 401(K).
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.