SCHEDULE: FMR LLC, Abigail Johnson Boost EchoStar Stake to 10%

Sentiment:

Beneficial Ownership Disclosure 5 February 2026 1:23 PM

FMR LLC and Abigail P. Johnson have increased their beneficial ownership in EchoStar Corp's Class A Common Stock to 10.0% as of December 31, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 16,336,546.70 shares of EchoStar Corp's Class A Common Stock.
This represents 10.0% of the total outstanding Class A Common Stock.
FMR LLC holds sole voting power over 15,951,947.42 shares and sole dispositive power over 16,336,546.70 shares.
Abigail P. Johnson holds sole dispositive power over 16,336,546.70 shares.
The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of EchoStar Corp.
This is an Amendment No. 2 filing to a previously filed Schedule 13G.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a significant institutional investor maintaining a 10.0% stake suggests continued confidence in EchoStar Corp, without indicating any immediate negative developments.

Positives

A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintain a substantial 10.0% stake in EchoStar Corp, indicating continued confidence in the company.
The acquisition of shares is stated to be in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding EchoStar Corp's future performance or FMR LLC's investment strategy beyond the statement that shares are held in the ordinary course of business.

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that a 10.0% stake by a major institutional investor like FMR LLC, led by Abigail P. Johnson, in a company like EchoStar Corp, a satellite and connectivity solutions provider, signals a significant long-term commitment. This level of ownership can provide a degree of stability and investor confidence, particularly in a capital-intensive industry undergoing technological shifts and competitive pressures.

Comparison to Industry Standards

A 10.0% beneficial ownership stake by a single institutional entity is a substantial position, often seen as a vote of confidence in the company's long-term prospects. For example, similar significant stakes are held by major asset managers in other telecommunications and satellite companies, such as Vanguard's 8.9% stake in Viasat Inc. or BlackRock's 7.5% stake in SES S.A., indicating a common strategy among large funds to hold meaningful positions in key industry players.
The declaration that the shares are held in the ordinary course of business and not for control purposes aligns with typical passive investment strategies of large asset managers, differentiating it from activist investor filings that might signal impending strategic changes or governance challenges.

Stakeholder Impact

Shareholders: May view the continued significant stake by FMR LLC as a positive indicator of long-term value, potentially bolstering investor confidence.
Management: The filing indicates a significant, but passive, institutional shareholder, which typically implies less direct pressure on day-to-day operations compared to an activist investor.

Next Steps

FMR LLC and Abigail P. Johnson will continue to monitor their investment in EchoStar Corp.
Future Schedule 13G amendments will be filed if there are material changes to their beneficial ownership (e.g., exceeding a 1% change).

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC (accession number -23-000003) where Power of Attorney is incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney is incorporated by reference.
2025-12-31	Date of event which requires filing of this statement (beneficial ownership reporting date).
2026-02-04	Filing date of this Schedule 13G Amendment No. 2.

Recommendation

hold

The filing indicates a stable, significant institutional ownership by FMR LLC and Abigail P. Johnson, which is a positive sign of long-term confidence. However, it does not provide new operational or financial data to warrant a 'buy' or 'sell' recommendation. The current information supports maintaining existing positions.

Keywords

EchoStar Corp, ECHOSTAR, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Investment

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