Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 11, 2025
Reporting period
Not applicable
Filed with the SEC
Dec 16, 2025
CEOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references a pre-arranged trading plan (Rule 10b5-1)
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001295252-25-000008
Filed / recorded
Dec 16, 2025, 12:24 AM UTC
Added to OQRO
Oct 2, 2026, 12:27 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
EchoStar CORP
Issuer CIK
1415404
Ticker
SATS
Reporting person
Hamid Akhavan
Relationship
Director, Officer
Officer title
CEO, EchoStar Capital
Security
Employee Stock Option (Right to Buy)
Table
Derivative (Table II)
Transaction date
Dec 11, 2025
Transaction code
M
Shares / units
285,832
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
122,500
Ownership form
Direct
Amendment
No
Footnotes from the filing
The transaction reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2025.
40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026.