Form 4 for ECHO EchoStar
Accepted 2025-12-15 00:00:00 ET · period of report 2025-12-11 · accession 0001295252-25-000008 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-12-15 | 2025-12-11 | ECHO | Akhavan Hamid | CEO, EchoStar Capital, Dir | S - Sale+OE | $105.33 | -285.8K | 620.7K | -32% | -$30.11M |
| D | 2025-12-15 | 2025-12-11 | ECHO | Akhavan Hamid | CEO, EchoStar Capital, Dir | M - OptEx | $14.04 | +285.8K | 662.6K | +76% | +$4.01M |
| D | 2025-12-15 | 2025-12-11 | ECHO | Akhavan Hamid | CEO, EchoStar Capital, Dir | M - OptEx | $0.00 | -285.8K | 122.5K | -70% | $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 | 2025-12-11 | S | D | 3,240 | $105.88 | 624,328 | D | — | — | (F4) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.34. 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. |
| 2 | Common | Class A Common Stock | 2025-12-11 | S | D | 6,567 | $108.92 | 376,805 | D | — | — | (F25) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.61 to $109.39. 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. |
| 3 | Common | Class A Common Stock | 2025-12-11 | S | D | 5,123 | $108.02 | 615,548 | D | — | — | (F6) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.52 to $108.52. 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. |
| 4 | Common | Class A Common Stock | 2025-12-11 | S | D | 2,911 | $108.78 | 612,637 | D | — | — | (F7) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.53 to $109.07. 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. |
| 5 | Common | Class A Common Stock | 2025-12-11 | S | D | 29,608 | $104.10 | 583,029 | D | — | — | (F8) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. |
| 6 | Common | Class A Common Stock | 2025-12-11 | S | D | 23,040 | $104.66 | 559,989 | D | — | — | (F9) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.34. 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. |
| 7 | Common | Class A Common Stock | 2025-12-11 | S | D | 5,595 | $105.93 | 554,394 | D | — | — | (F10) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.36 to $106.35. 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. |
| 8 | Common | Class A Common Stock | 2025-12-11 | S | D | 4,670 | $106.84 | 549,724 | D | — | — | (F11) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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. |
| 9 | Common | Class A Common Stock | 2025-12-11 | M | A | 285,832 | $14.04 | 662,637 | D | — | — | |
| 10 | Common | Class A Common Stock | 2025-12-11 | S | D | 20,129 | $104.10 | 642,508 | D | — | — | (F2) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. |
| 11 | Common | Class A Common Stock | 2025-12-11 | S | D | 14,940 | $104.65 | 627,568 | D | — | — | (F3) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.32. 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. |
| 12 | Common | Class A Common Stock | 2025-12-11 | S | D | 7,831 | $108.01 | 541,893 | D | — | — | (F12) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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. |
| 13 | Common | Class A Common Stock | 2025-12-11 | S | D | 4,256 | $108.76 | 537,637 | D | — | — | (F13) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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. |
| 14 | Common | Class A Common Stock | 2025-12-11 | S | D | 29,607 | $104.10 | 508,030 | D | — | — | (F14) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. |
| 15 | Common | Class A Common Stock | 2025-12-11 | S | D | 23,172 | $104.67 | 484,858 | D | — | — | (F15) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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. |
| 16 | Common | Class A Common Stock | 2025-12-11 | S | D | 5,465 | $105.95 | 479,393 | D | — | — | (F16) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.35. 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. |
| 17 | Common | Class A Common Stock | 2025-12-11 | S | D | 4,668 | $106.84 | 474,725 | D | — | — | (F17) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.38. 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. |
| 18 | Common | Class A Common Stock | 2025-12-11 | S | D | 7,833 | $108.01 | 466,892 | D | — | — | (F18) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.43 to $108.43. 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. |
| 19 | Common | Class A Common Stock | 2025-12-11 | S | D | 4,255 | $108.76 | 462,637 | D | — | — | (F19) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $108.44 to $109.38. 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. |
| 20 | Common | Class A Common Stock | 2025-12-11 | S | D | 28,500 | $104.09 | 434,137 | D | — | — | (F20) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $103.35 to $104.35. 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. |
| 21 | Common | Class A Common Stock | 2025-12-11 | S | D | 26,621 | $104.61 | 407,516 | D | — | — | (F21) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $104.36 to $105.36. 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. |
| 22 | Common | Class A Common Stock | 2025-12-11 | S | D | 6,169 | $105.96 | 401,347 | D | — | — | (F22) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $105.37 to $106.37. 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. |
| 23 | Common | Class A Common Stock | 2025-12-11 | S | D | 6,095 | $106.77 | 395,252 | D | — | — | (F23) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.45 to $107.35. 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. |
| 24 | Common | Class A Common Stock | 2025-12-11 | S | D | 11,880 | $108.18 | 383,372 | D | — | — | (F24) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $107.53 to $108.53. 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. |
| 25 | Common | Class A Common Stock | 2025-12-11 | S | D | 3,657 | $106.72 | 620,671 | D | — | — | (F5) Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $106.38 to $107.23. 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. |
| 26 | Derivative | Employee Stock Option (Right to Buy) | 2025-12-11 | M | D | 285,832 | $0.00 | 122,500 | D | $14.04 · — to 2034-04-01 | 285,832 Class A Common Stock | (F27) 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. |