Ortolf Tom A 4

What Happened
Tom A. Ortolf, a director of EchoStar Corp (SATS), was granted a derivative award convertible into 5,000 shares on April 1, 2026. The award shows an acquisition price of $0.00 (no cash paid) and the filing indicates the underlying shares were 100% vested on the grant date. This is a grant/award transaction (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
• Security: derivative award convertible into 5,000 shares; reported price: $0.00.
• Footnote: the shares underlying the award were 100% vested upon the date of the grant.
• Shares owned after the transaction: not specified in the public filing.
• Transaction type: Award/Grant (code A) — not a purchase (P) or sale (S).

Context
This was a compensation-related award to a director, which often reflects corporate compensation practices rather than a personal market view. Such grants typically do not signal the same immediate market sentiment as open-market purchases by insiders. Because the award vested immediately, Ortolf has the right to the underlying shares (subject to company transfer rules), but the filing does not indicate any immediate sale.