Manson Dean 4

What Happened Manson Dean, EchoStar's Chief Legal Officer, exercised stock options on June 12, 2026 to acquire 10,000 shares at an exercise price of $14.04 ($140,400 total cost) and sold 10,000 shares the same day in open-market trades for a total of $1,303,900. The filing also shows derivative dispositions of 10,000 option shares recorded at $0.00, which reflect the option instruments associated with these exercises/settlements.

Key Details

• Transaction date: June 12, 2026.
• Exercises (code M): 6,000 shares @ $14.04 ($84,240) and 4,000 shares @ $14.04 ($56,160) — total cost $140,400.
• Sales (code S): 6,000 shares @ $130.39 ($782,340) and 4,000 shares @ $130.39 ($521,560) — total proceeds $1,303,900.
• Derivative dispositions (code M) shown at $0.00: 4,000 and 6,000 shares (total 10,000) — these reflect the option instruments converted/surrendered on exercise.
• Plan/notes: Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted March 5, 2026 (footnote F1). Other footnotes reference ESPP, 401(k) holdings and vesting schedules for related option grants (F2–F5).
• Filing timeliness: Report filed June 16, 2026 for a June 12 transaction — this Form 4 was submitted within the SEC’s two-business-day reporting window.

Context This is an option exercise coupled with same-day sales (commonly a cashless exercise or sell-to-cover pattern): the exercised shares were sold immediately, producing gross proceeds of about $1.304M against $140,400 in exercise cost. Such transactions are frequently routine (often to cover exercise costs or taxes) and, while they realize value for the insider, they don't necessarily signal a change in sentiment about the company.