Wade William David 4

What Happened

• Director Wade William David reported exercising stock options (transaction code M) on May 18, 2026, resulting in the acquisition of 5,000 EchoStar (SATS) shares at $24.49 per share for a total of $122,450. The Form 4 also lists a related derivative disposition of 5,000 shares at $0.00 on the same date. Footnotes indicate the holdings are "by Trust" and that the option shares were 100% vested at grant.

Key Details

• Transaction date: 2026-05-18; Form 4 filed: 2026-05-20 (appears timely).
• Acquired: 5,000 shares @ $24.49 — total cost $122,450.
• Disposed (derivative line): 5,000 shares @ $0.00 — no cash proceeds reported on that line.
• Footnotes: F1 = holdings are held by a trust; F2 = underlying options were fully vested at grant.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.

Context

• This filing records an option exercise (M). The form does not show an immediate open‑market sale of the acquired shares or cash proceeds tied to the $0.00 derivative line; that line likely reflects conversion or internal transfer activity as recorded on the Form 4. The filing is factual and does not indicate insider intent.