Key facts
- This page summarizes Paul W. Orban's Form 4 filing for EchoStar CORP (SATS).
- 9 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 03 Sep 2025, 18:45.
Paul W. Orban - 29 Aug 2025 Form 4 Insider Report for EchoStar CORP (SATS)
- Reporting relationship
- EVP, CFO, DISH
- Issuer ticker
- SATS
- Reported as of
- 29 Aug 2025
- Net transaction value
- -$2,644,457
- SEC form
- 4
- Accepted by SEC
- 03 Sep 2025, 18:45:06 UTC
- Prior SEC filing
- 29 Aug 2025
- Next SEC filing
- 11 Sep 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Paul W. Orban, by Dean A. Mason, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Paul W. Orban filed Form 4 for EchoStar CORP (SATS) on 03 Sep 2025.
Change
- Previous filing in this sequence was filed on 29 Aug 2025.
- Current net transaction value: -$2,644,457.
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.
Reporting Owners (1)
CIK 0001197815
Primary reporting owner
ORBAN PAUL W
- Relationship
- EVP, CFO, DISH
- Address
- 9601 S. MERIDIAN BLVD., ENGLEWOOD
- Signature
- /s/ Paul W. Orban, by Dean A. Mason, Attorney-in-Fact
- Signature date
- 03 Sep 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SATS
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $231,913
- Shares
- +16,518
- Change %
- +3514%
- Price
- $14.04
- Shares after
- 16,988
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1
SATS
transaction
Class A Common Stock
Sale
- Transaction value
- $1,011,893
- Shares
- -16,518
- Change %
- -97%
- Price
- $61.26
- Shares after
- 470
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1, F2
SATS
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $190,158
- Shares
- +13,544
- Change %
- +2882%
- Price
- $14.04
- Shares after
- 14,014
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1
SATS
transaction
Class A Common Stock
Sale
- Transaction value
- $829,435
- Shares
- -13,544
- Change %
- -97%
- Price
- $61.24
- Shares after
- 470
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1, F3
SATS
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $280,800
- Shares
- +20,000
- Change %
- +4444%
- Price
- $14.04
- Shares after
- 20,450
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1
SATS
transaction
Class A Common Stock
Sale
- Transaction value
- $1,225,200
- Shares
- -20,000
- Change %
- -98%
- Price
- $61.26
- Shares after
- 470
- Date
- 29 Aug 2025
- Ownership
- Direct
- Footnotes
- F1, F4
SATS
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 744
- Date
- 29 Aug 2025
- Ownership
- I
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SATS
transaction
Derivative
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- -16,518
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 16,520
- Date
- 29 Aug 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 16,518
- Exercise price
- $14.04
- Footnotes
- F1, F6
SATS
transaction
Derivative
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- -13,544
- Change %
- -25%
- Price
- $0.000000
- Shares after
- 40,633
- Date
- 29 Aug 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 13,544
- Exercise price
- $14.04
- Footnotes
- F1, F7
SATS
transaction
Derivative
Employee Stock Option (Right To Buy)
Options Exercise
- Transaction value
- $280,800
- Shares
- -20,000
- Change %
- -20%
- Price
- $14.04
- Shares after
- 80,000
- Date
- 29 Aug 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 20,000
- Exercise price
- $14.04
- Footnotes
- F1, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 8 footnotes
Footnote F1
The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024.
Footnote F2
Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $60.65 to $61.83. 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.
Footnote F3
Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $60.65 to $61.80. 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.
Footnote F4
Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $60.65 to $61.87. 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.
Footnote F5
By 401(K).
Footnote F6
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 F7
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.
Footnote F8
The shares underlying the options vest at the rate of 20% per year, commencing upon April 1, 2025.