DEFRANCO JAMES 4

4 · EchoStar CORP · Filed Jul 7, 2026

AI-generated summary of this filing

Updated Jul 7, 2026

EchoStar (ECHO) Director James DeFranco Receives RSU Award

What Happened

Director James DeFranco received a grant of 198 restricted stock units (RSUs) on July 1, 2026. RSUs are awards that convert to shares upon vesting and were reported as newly awarded; no cash purchase was made.
Concurrently, 16 shares were disposed/withheld to satisfy tax obligations at a price of $100.88 per share, totaling $1,614.

Key Details

Transaction date: July 1, 2026; filing date: July 7, 2026.
Grant: 198 RSUs (no per-share purchase price). Tax withholding: 16 shares disposed at $100.88 each = $1,614.
Shares reported after the transaction: 306,951 shares of Class A Common Stock plus the 198 RSUs (the RSUs are contingent until they vest).
Notable footnotes:
- RSUs vest 25% per year beginning July 1, 2026; each vested RSU converts to one share upon vesting (F1).
- Column 5 totals reported include the 198 newly awarded RSUs and 306,951 existing shares (F2).
- The 16 shares were withheld to cover tax obligations related to the award (F3).
No late-filing flag was indicated in the report.

Context

RSU grants are compensation awards, not open-market purchases or sales. Vesting is gradual (25% annually), so the shares are not yet fully owned until they vest.
Withholding shares to cover taxes is a routine administrative step and does not necessarily indicate buying or selling sentiment.

Form 4

Period: 2026-07-01

Director

Transactions

Award
Class A Common Stock
[F1][F2]
2026-07-01+198→ 1,886 total
Tax Payment
Class A Common Stock
[F3]
2026-07-01$100.88/sh−16$1,614→ 1,870 total

Holdings

Footnotes (8)

[F1]Represents the acquisition of restricted stock units (RSUs). The RSUs vest at the rate of 25% per year beginning on July 1, 2026. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
[F2]The reported transaction involved the reporting person's receipt of a grant of 198 RSUs. The total reported in Column 5 includes the 198 newly awarded RSUs and 306,951 shares of Class A Common Stock.
[F3]Represents shares withheld to cover certain tax obligations in connection with the vesting of the anniversary awards.
[F4]By 401(K).
[F5]The shares are held by the reporting person as a general partner of a limited partnership.
[F6]The shares are held by the reporting person as the manager of a limited liability corporation ("LLC"). As manager of the LLC, the reporting person has sole voting and dispositive power over the shares. The reporting person disclaims beneficial ownership of the shares.
[F7]The shares are held by the reporting person as a general partner of a different limited partnership.
[F8]The shares are held by the reporting person as the manager of a different limited liability company ("LLC II"). As manager of the LLC II, the reporting person has sole voting and dispositive power over the shares. The reporting person disclaims beneficial ownership of the shares.

Signature

/s/ James DeFranco, by Daniel W. Conroy, Attorney-in-Fact|2026-07-07

1 file