Akhavan Hamid 4

What Happened
Hamid Akhavan, CEO and director of EchoStar (SATS) and head of EchoStar Capital, exercised stock options on June 5, 2026 and sold a portion of the resulting shares the same day. He exercised options to acquire 142,917 shares at $14.04 per share (total exercise cost ≈ $2,006,555) and sold 52,586 shares in open-market transactions at $121.00 per share (total proceeds ≈ $6,362,906). The filing also records corresponding derivative disposals reflecting the removal of the exercised option positions.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 9, 2026 (timely filed).
• Exercise price: $14.04 per share (options exercised for ~142,917 shares; aggregate exercise cost ≈ $2.01M).
• Open-market sale price: $121.00 per share (52,586 shares sold; proceeds ≈ $6.36M).
• Shares owned after the transactions: not specified in the provided filing extract.
• Trading plan / restrictions: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 6, 2026 (Footnote F1).
• Other footnotes: F2 references 401(k) treatment; F3/F4 describe vesting schedules for the options (one grant: 40% immediate vesting then remaining 60% vesting 30% per year on 4/1/2025 and 4/1/2026; another grant vests 25% per year on 4/1/2025–4/1/2028).
• Derivative entries: the filing shows both acquisitions (exercises) and corresponding derivative disposals, which is standard bookkeeping when options are exercised.

Context

• The pattern (exercise at $14.04 and same-day market sales at $121) indicates Akhavan converted options into shares and monetized a portion of them; this is commonly a cashless or partial monetization of option value.
• Sales were carried out under a pre-established 10b5-1 plan, which is intended to establish trading parameters in advance and reduce questions about timing.
• As always, insider sales can be routine (liquidity/tax reasons); these transactions are factual disclosures and do not by themselves indicate management’s view of the company’s prospects.