Form 4: EchoStar Director James DeFranco Increases Stake in Company

Director James DeFranco reports purchasing additional EchoStar shares on March 6th and 7th, 2024, increasing his direct and indirect holdings.

Summary

• James DeFranco, a director at EchoStar CORP, has reported purchasing additional shares of Class A Common Stock.
• On March 6, 2024, he acquired 70,000 shares at a weighted average price of $13.14.
• On March 7, 2024, he purchased another 20,000 shares at a weighted average price of $13.44.
• Following these transactions, DeFranco directly owns 196,951 shares.
• He also indirectly owns a significant number of shares through various entities, including a 401(k), limited partnerships, and limited liability companies.
• DeFranco disclaims beneficial ownership of shares held in irrevocable trusts for his children and grandchildren, as well as shares held as manager of certain LLCs.

Sentiment

Score: 7

Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's future. The size of the purchase is notable, contributing to a moderately positive sentiment.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider buying is often monitored as an indicator of management's sentiment about the company's prospects relative to the current market valuation.

Stakeholder Impact

• The increased stake by a director could positively influence shareholder confidence.

Key Dates