Key facts
- This page summarizes Michael Kelly's Form 4 filing for EchoStar CORP (SATS).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Jan 2024, 19:04.
Michael Kelly - 31 Dec 2023 Form 4 Insider Report for EchoStar CORP (SATS)
- Reporting relationship
- ExcVP/Grp Pres,Retail Wireless
- Issuer ticker
- SATS
- Reported as of
- 31 Dec 2023
- Net transaction value
- $0
- Reporting owner signature
- /s/ Michael Kelly, by Dean Manson Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Michael Kelly filed Form 4 for EchoStar CORP (SATS) on 03 Jan 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- 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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SATS
transaction
Class A Common Stock
Award
- Transaction value
- Shares
- +53,384
- Change %
- Price
- Shares after
- 53,384
- Date
- 31 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SATS
transaction
Derivative
Employee Stock Option (Option to Buy)
Award
- Transaction value
- Shares
- +26,621
- Change %
- Price
- Shares after
- 26,621
- Date
- 31 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 26,621
- Exercise price
- $18.79
- Footnotes
- F2, F3
SATS
transaction
Derivative
Employee Stock Option (Option to Buy)
Award
- Transaction value
- Shares
- +148,817
- Change %
- Price
- Shares after
- 148,817
- Date
- 31 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 148,817
- Exercise price
- $18.79
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Received in exchange for shares of Class A Common Stock, par value $0.01 per share ("DISH Class A Common Stock") of DISH Network Corporation, a Nevada corporation ("DISH") in connection with the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, DISH and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of the Issuer ("Merger Sub"). Pursuant to the Merger Agreement, on December 31, 2023, Merger Sub merged with and into DISH with DISH surviving the merger as a wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of DISH Class A Common Stock was converted into the right to receive a number of Issuer Class A Common Stock equal to 0.350877 (the "Exchange Ratio").
Footnote F2
The shares underlying these options vest 20% per year on each of July 1, 2024, July 1, 2025, July 1, 2026, July 1, 2027 and July 1, 2028.
Footnote F3
Received in exchange for an employee stock option to acquire shares of DISH Class A Common Stock in connection of the Merger Agreement. At the Effective Time, each stock option held by the reporting person was converted into an Issuer stock option on substantially the same terms and conditions, with respect to a number of shares of Issuer Class A Common Stock equal to (i) the number of shares of DISH Class A Common Stock subject to the corresponding DISH stock option immediately prior to the Effective Time, multiplied by the Exchange Ratio, at an exercise price equal to the exercise price of the corresponding DISH stock option immediately prior to the Effective Time divided by the Exchange Ratio.