BYE STEPHEN J 4

What Happened
Stephen J. Bye, a director of EchoStar Corp. (SATS), was granted 5,000 derivative shares/options on April 1, 2026. The Form 4 reports the acquisition as 5,000 shares at $0.00 (transaction code A — grant/award). The filing shows the award was fully vested on the grant date; no sale or purchase of stock was reported.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
• Reported transaction: Grant/award (code A) of 5,000 derivative shares at $0.00.
• Footnote: "The shares underlying the option were 100% vested upon the date of the grant."
• Shares owned after transaction: not disclosed in the provided filing.
• No indication of an immediate sale or cashless exercise in this filing.

Context
This is a compensatory award to a director and should be read as a grant of derivative securities that were vested immediately. Such awards are common for board compensation and do not necessarily signal a buy/sell decision by the insider. Because the filing reports acquisition of vested derivative securities (not an open-market purchase), retail investors should view it primarily as routine compensation disclosure rather than an investment recommendation.