Form 4: EchoStar CEO Converts RSUs to Common Stock

EchoStar CEO Hamid Akhavan converted 263,158 Restricted Stock Units into Class A Common Stock on December 31, 2025, increasing his direct beneficial ownership.

Summary

• Hamid Akhavan, CEO of EchoStar Capital and a Director of EchoStar CORP, acquired 263,158 shares of Class A Common Stock.
• This acquisition resulted from the vesting and conversion of 263,158 Restricted Stock Units (RSUs) on a one-for-one basis.
• Following this transaction, Akhavan directly beneficially owns 604,876 shares of Class A Common Stock.
• Additionally, Akhavan indirectly beneficially owns 327 shares of Class A Common Stock through a 401(K) plan.
• The transaction date for the RSU conversion was December 31, 2025.

Sentiment

Score: 7

Explanation: The filing indicates a routine, expected executive compensation event (RSU vesting) leading to increased insider ownership, which is generally a positive signal of confidence, though not a discretionary purchase.

Positives

• Increased direct ownership by a key executive (CEO and Director) signals confidence in the company's future.
• The vesting of RSUs is a standard compensation event, indicating the executive met performance or tenure requirements.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the increased direct ownership by a key executive as a positive sign of alignment with shareholder interests and confidence in the company's long-term prospects.

Key Dates

Recommendation

This Form 4 reports a routine, expected vesting of Restricted Stock Units for a key executive, leading to an increase in their beneficial ownership. While increased insider ownership can be a positive signal, this is not a discretionary open-market purchase. The filing itself does not provide new fundamental information to warrant a change in investment recommendation, thus a 'hold' stance is maintained based solely on this specific filing.

Keywords

EchoStar, SATS, Hamid Akhavan, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Beneficial Ownership, Executive Compensation