Hamid Akhavan (then-CEO, EchoStar Capital) sold 52,586 shares for $6,362,906 under pre-arranged 10b5-1 plan
Hamid Akhavan, who was CEO at the time, executed 2 separate sales totaling 52,586 shares for $6,362,906 at $121.00 on 2026-06-05 as part of a pre-arranged 10b5-1 trading plan adopted on 2026-03-06. The sales reduced his non-derivative holdings from 931,123 shares to 878,537 shares (-5.6%), though he retains 40,834 employee stock options. The sale occurred when the stock was trading at a 20.7% discount to its 52-week high of $147.25 and has declined 8.2% over the prior 30 days. His prior trades at SATS show strong post-sale appreciation, with 30-day returns ranging from +12.4% to +19.7% after sales, but this transaction is scheduled under a pre-arranged plan rather than discretionary. EchoStar remains unprofitable, with $-146.9M net income in its latest full fiscal year and annual revenue declining 5.2% year-over-year, providing context around company fundamentals during the sale window.