ORBAN PAUL W

CFO Paul Orban sells 50,062 shares at blended $61.25 across 3 transactions, retaining only 470 shares of SATS

Paul Orban, EVP and CFO of DISH, executed 3 separate sales totaling 50,062 shares for $3,066,527.24 on 2025-08-29, reducing his position from 50,532 shares to 470 shares—a -99.1% reduction in holdings. The sales occurred at a blended average price of $61.25, which is 4.2% below the current price of $63.91 and 6% below the 52-week high of $65.24. EchoStar trades near the top of its 52-week range after a remarkable +235.8% 90-day surge, yet the company is unprofitable (net income of -$306.8M in the latest quarter) with negative annual revenue growth of -7.0%. Two prior sales at this ticker occurred on 2025-08-27, just 2 days before this filing. The near-complete liquidation of a C-suite position at a stock near 52-week highs, coupled with deteriorating fundamentals and recent repeated dispositions, merits investor attention to management's confidence and capital allocation intent.

CFO Paul Orban sells 29,060 shares of EchoStar (SATS) at $55.65, reducing holdings by 98.4% to 470 shares amid 88.3% 30-day rally

Paul W. Orban, EVP and CFO of DISH, executed two separate sales totaling 29,060 shares at $55.65 on 2025-08-27, generating $1,617,189.00 and reducing his SATS holdings from 29,530 to 470 shares (a 98.4% reduction). This liquidation comes in the context of a volatile equity environment: SATS is up 88.3% over the prior 30 days and 248.5% over 90 days, currently trading at $61.79, near the 52-week high. The company's fundamentals show revenue of $3.7B in the latest quarter against a net loss of $-306.8M, with annual revenue declining 7.0% year-over-year. The timing of this near-complete position exit coincides with the stock's strongest period, though no forward-looking messaging about market conditions or capital allocation strategy is available from the filing itself.