ORBAN PAUL W 4

What Happened
Paul W. Orban, Chief Financial Officer of EchoStar (ECHO), received an award of 297 restricted stock units (RSUs) on July 1, 2026. The filing also shows 9 shares disposed to cover tax obligations, reported at $100.88 per share for total withholding of about $908. The RSU grant is an award (not a cash purchase) and the 9-share disposition reflects tax withholding related to vested RSUs.

Key Details

• Transaction date(s): July 1, 2026; Form 4 filed July 7, 2026 (appears to be filed after the typical 2-business-day Form 4 deadline).
• Award: 297 RSUs granted (price listed as N/A for award).
• Tax withholding: 9 shares withheld/disposed at $100.88 each, total ≈ $908 (transaction code F).
• Shares owned after transaction: not disclosed in the provided data.
• Relevant footnotes from the filing:
  • F1: RSUs vest at 10% per year beginning July 1, 2026 (10% of the grant vests each year).
  • F3: The 9 shares represent withholding to cover tax obligations on vested RSUs.
  • F2/F4 appear in the filing (references to ESPP and 401(k)) but are not tied to the specific transactions summarized here.

Context
RSU grants are common executive compensation and represent a contingent right to receive shares upon vesting; they are not an outright purchase or immediate sale. The 9-share disposition is a routine tax-withholding action, not an independent sell decision. Note the Form 4 was filed several days after the transaction date, which may be later than the usual 2-business-day reporting requirement for insiders.