Paul W. Orban - 27 Aug 2025 Form 4 Insider Report for EchoStar CORP (SATS)

Role
EVP, CFO, DISH
Signature
/s/ Paul W. Orban, by Dean A. Mason, Attorney-in-Fact
Issuer symbol
SATS
Transactions as of
27 Aug 2025
Net transactions value
-$1,242,293
Form type
4
Filing time
29 Aug 2025, 17:00:07 UTC
Previous filing
28 Aug 2025
Next filing
03 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ORBAN PAUL W EVP, CFO, DISH 9601 S. MERIDIAN BLVD., ENGLEWOOD /s/ Paul W. Orban, by Dean A. Mason, Attorney-in-Fact 29 Aug 2025 0001197815

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SATS Class A Common Stock Sale $131,223 -2,358 -83% $55.65 470 27 Aug 2025 Direct F1, F2
transaction SATS Class A Common Stock Options Exercise $65,679 +4,678 +995% $14.04 5,148 27 Aug 2025 Direct F1
transaction SATS Class A Common Stock Options Exercise $309,217 +22,024 +428% $14.04 27,172 27 Aug 2025 Direct F1
transaction SATS Class A Common Stock Sale $1,485,966 -26,702 -98% $55.65 470 27 Aug 2025 Direct F1
holding SATS Class A Common Stock 744 27 Aug 2025 I F3

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 Class A Common Stock Options Exercise $0 -4,678 -100% $0.000000 0 27 Aug 2025 Class A Common Stock 4,678 $14.04 Direct F1, F4
transaction SATS Class A Common Stock Options Exercise $0 -22,024 -40% $0.000000 33,038 27 Aug 2025 Class A Common Stock 22,024 $14.04 Direct F1, F5
* 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 adopted by the Reporting Person on December 3, 2024.
F2 Includes shares acquired under the Company's Employee Stock Purchase Plan.
F3 By 401(K).
F4 The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities.
F5 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.