EchoStar (ECHO) Director Stephen Bye Exercises Options, Sells 8,508 Shares

What Happened

Director Stephen J. Bye exercised stock options and then sold the resulting shares in the open market on August 7, 2026. He exercised 3,508 options at $26.60 (cost $93,313) and 5,000 options at $25.19 (cost $125,950), receiving 8,508 shares total. He sold those shares the same day: 3,508 shares at $89.73 (proceeds $314,773) and 5,000 shares at $89.90 (proceeds $449,500), for combined gross proceeds of $764,273 and aggregate exercise cost of $219,263 (net cash proceeds ≈ $545,010). The filing also reports two derivative "disposed" entries at $0.00 related to the exercised options.

Key Details

• Transaction date: 2026-08-07 (reported on Form 4 filed 2026-08-11). Filing appears timely (filed within the normal 2-business-day window).
• Exercise details: 3,508 shares @ $26.60; 5,000 shares @ $25.19.
• Sales details: 3,508 shares @ $89.73; 5,000 shares @ $89.90.
• Totals: 8,508 shares sold; gross proceeds ≈ $764,273; total exercise cost = $219,263; net ≈ $545,010.
• Footnote: F1 notes the optioned shares were 100% vested on the grant date.
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.

Context

This was an option exercise followed by same-day open-market sales — effectively a cashless exercise where the insider converted options into stock and sold the shares immediately. Such transactions are common for covering exercise costs, taxes, or rebalancing and do not by themselves indicate the insider’s long-term view. The derivative "disposed" $0.00 line reflects cancellation/settlement of the exercised options.