Swieringa John 4
4 · EchoStar CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
EchoStar (SATS) Pres/COO John Swieringa Exercises Options, Sells Shares
What Happened John Swieringa, President, Chief Technology Officer and COO of EchoStar (SATS), exercised 35,088 stock options at $16.57 ($581,408) and sold a total of 50,088 shares in open-market transactions on March 4, 2026. He sold 15,000 shares at an average price of $114.04 (proceeds $1,710,600) and 35,088 shares at an average price of $113.39 (proceeds $3,978,628), for total gross sale proceeds of about $5.69 million. The filing shows the exercised options shares were converted and the shares were sold the same day (cashless exercise / immediate disposition).
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
- Option exercise: 35,088 shares exercised at $16.57 each = $581,408 (transaction code M).
- Sales: 15,000 shares sold @ weighted avg $114.04 (F1) = $1,710,600; 35,088 shares sold @ weighted avg $113.39 (F3) = $3,978,628.
- Total gross proceeds from sales ≈ $5,689,228; exercise cost ≈ $581,408.
- Filing footnotes: weighted-average sale price ranges provided (F1, F3); filing also references ESPP, 401(k) and an option vesting schedule (F2, F4, F5). F5 notes the underlying options vest 20% per year through Jan 1, 2029.
- Shares owned after the transactions: not specified in the information you provided.
Context
- This was largely a sale of shares, partially enabled by exercising options and immediately selling the resulting shares (a common cashless-exercise pattern). Sales are routine insider liquidity events and do not by themselves indicate company performance or insider sentiment.
- For derivative activity: “M” indicates option exercise; the filing shows the exercised shares were converted and sold the same day.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-04$114.04/sh−15,000$1,710,600→ 253,535 total - Exercise/Conversion
Class A Common Stock
[F2]2026-03-04$16.57/sh+35,088$581,408→ 288,623 total - Sale
Class A Common Stock
[F3][F2]2026-03-04$113.39/sh−35,088$3,978,628→ 253,535 total - Exercise/Conversion
Employee Stock Option (Right To Buy)
[F5]2026-03-04−35,088→ 105,264 totalExercise: $16.57Exp: 2034-01-01→ Class A Common Stock (35,088 underlying)
- 809(indirect: I)
Class A Common Stock
[F4]
Footnotes (5)
- [F1]Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $114.00 to $114.15. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
- [F2]Includes shares acquired under the Company's Employee Stock Purchase Plan.
- [F3]Based on a weighted average sale price. The shares reported in this transaction were sold at prices ranging from $113.35 to $113.61. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
- [F4]By 401(K).
- [F5]The shares underlying these options vest 20% per year on each of January 1, 2025, January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.