Swieringa John 4

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.