Brokaw George R 4

What Happened George R. Brokaw, a director of EchoStar Corp (SATS), was granted 5,000 derivative shares on April 1, 2026. The Form 4 shows an acquisition (code A) of 5,000 shares at an acquisition price of $0.00. Per the filing footnote, the shares underlying the award were 100% vested on the grant date. This was a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears timely).
• Transaction type: Grant/Award (Form 4 code A).
• Amount: 5,000 derivative shares; acquisition price reported $0.00.
• Vesting: 100% vested upon grant (Footnote F1).
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Filing timeliness: filed two days after the transaction date, which is consistent with the SEC’s Form 4 reporting window.

Context A $0 award that is fully vested typically reflects director compensation (e.g., RSUs or an immediately vested option/share award), meaning the insider obtained rights to the shares without a cash purchase and with no future vesting conditions. Such grants are standard for board compensation and should be viewed as compensation-related activity rather than a direct bullish purchase signal. Any future sale of these shares would be reported separately on subsequent Form 4s.