Form 4 for ECHO EchoStar
Accepted 2024-01-03 00:00:00 ET · period of report 2023-12-31 · accession 0001104659-24-000990 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-03 | 2023-12-31 | ECHO | Akhavan Hamid | CEO, Pres, Dir | M - OptEx | — | +150.0K | 285.1K | +111% | — |
| D | 2024-01-03 | 2023-12-31 | ECHO | Akhavan Hamid | CEO, Pres, Dir | F - Tax | $16.57 | -57.4K | 377.7K | -13% | -$950.5K |
| D | 2024-01-03 | 2023-12-31 | ECHO | Akhavan Hamid | CEO, Pres, Dir | A - Grant | — | +35.1K | 135.1K | +35% | — |
| D | 2024-01-03 | 2023-12-31 | ECHO | Akhavan Hamid | CEO, Pres, Dir | D - Sale to Iss | — | -50.0K | 0 | -100% | — |
| D | 2024-01-03 | 2023-12-31 | ECHO | Akhavan Hamid | CEO, Pres, Dir | M - OptEx | $0.00 | -150.0K | 50.0K | -75% | $0 |
| DM | 2024-01-03 | 2023-12-31+ | ECHO | Akhavan Hamid | CEO, Pres, Dir | A - Grant | $0.00 | +964.9K | 701.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-31 | M | A | 150,000 | — | 285,087 | D | — | — | (F2) Restricted stock units convert into Class A Common Stock on a one-for-one basis. |
| 2 | Common | Class A Common Stock | 2023-12-31 | F | D | 57,363 | $16.57 | 377,724 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-12-31 | A | A | 35,087 | — | 135,087 | D | — | — | (F1) Received in exchange for 100,000 shares of Class A Common Stock, par value $.01 par value per share ("DISH Class A Common Stock"), of DISH Network Corporation, a Nevada corporation ("DISH") in connection of 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"). |
| 4 | Derivative | Restricted Stock Units | 2023-12-31 | D | D | 50,000 | — | 0 | D | — · — to — | 50,000 Class A Common Stock | (F4) Pursuant to the Letter Agreement, dated October 2, 2023, by and between the Issuer and the reporting person (the "Letter Agreement"), the reporting person forfeited 50,000 unvested restricted stock units at the Effective Time in consideration for the compensation and benefits provided under the Letter Agreement. (F2) Restricted stock units convert into Class A Common Stock on a one-for-one basis. (F3) On April 1, 2022, the reporting person was granted 300,000 restricted stock units, vesting in three equal annual installments beginning on April 1, 2023. |
| 5 | Derivative | Restricted Stock Units | 2023-12-31 | M | D | 150,000 | $0.00 | 50,000 | D | — · — to — | 150,000 Class A Common Stock | (F2) Restricted stock units convert into Class A Common Stock on a one-for-one basis. (F3) On April 1, 2022, the reporting person was granted 300,000 restricted stock units, vesting in three equal annual installments beginning on April 1, 2023. |
| 6 | Derivative | Restricted Stock Units | 2024-01-01 | A | A | 263,158 | $0.00 | 263,158 | D | — · — to — | 263,158 Class A Common Stock | (F2) Restricted stock units convert into Class A Common Stock on a one-for-one basis. (F6) The restricted stock units vest on December 31, 2024. |
| 7 | Derivative | Employee Stock Option | 2023-12-31 | A | A | 701,754 | $0.00 | 701,754 | D | $16.57 · — to 2033-12-31 | 701,754 Class A Common Stock | (F5) The option vests in three equal annual installments beginning on December 31, 2024. |