Manson Dean 4

What Happened

• Manson Dean, Chief Legal Officer of EchoStar Corp. (SATS), exercised 10,000 stock options on 2026-06-04 at $14.04 per share (total cost $140,400) and sold 10,000 shares the same day in an open-market transaction at $119.50 per share (proceeds $1,195,000). The filing also reports the option/derivative being converted/cancelled (listed as a $0 disposal), reflecting the exercise.

Key Details

• Transaction date: 2026-06-04. Exercise: 10,000 shares @ $14.04 (acquired) = $140,400. Sale: 10,000 shares @ $119.50 (disposed) = $1,195,000.
• Filing date: 2026-06-08 — filed within the two business-day Form 4 reporting window.
• Shares owned after transaction: Not specified in the Form 4.
• Notable footnotes: F1 — transaction was made under a Rule 10b5‑1 trading plan adopted March 5, 2026. F4 — the options underlying these grants vest 25% per year on April 1 of 2025–2028. F2/F3 reference shares held via the company ESPP and 401(k) (related to holdings disclosure).

Context

• This was an option exercise followed by a same-day sale of the acquired shares (commonly referred to as a cashless exercise/sale). The reporting shows an option conversion/cancellation (derivative disposed at $0) consistent with exercising option rights and selling the resulting shares. The trade was executed under a pre-established 10b5‑1 plan, which often means the sale was pre-planned rather than a discretionary trade.