Monitor for subsequent Form 4 filings to confirm actual sale execution. Given the small relative size and former insider status, no material impact on ECHO shares is expected.
Price Chart
Executive Summary
Former EchoStar officer and director Hamid Akhavan filed a Form 144 indicating intent to sell 26,563 Class A shares (valued at ~$2.37M) acquired through stock option exercise. The sale represents a negligible 0.009% of EchoStar's $26.5B market cap and is consistent with routine personal portfolio management by a former insider.
Key Facts
- Filer: Hamid Akhavan, former officer and director of EchoStar CORP.
- Shares to be sold: 26,563 Class A common shares, valued at $2,365,279.15.
- Shares acquired via stock option exercise on 08/05/2026 (same date as filing).
- Akhavan held 52,000 shares as of 08/04/2026 (value $4,659,231.20) and 52,586 shares as of 06/05/2026.
- Sale intended on NASDAQ through Fidelity Brokerage Services LLC.
Financial Impact
Insider selling of $2.37M, representing ~0.009% of EchoStar's $26.5B market cap; stock option exercise adds minimal dilution of ~0.001% to shares outstanding.
Risk Factors
- Insider selling could signal personal liquidity needs, but the scale is immaterial relative to market cap.
- Additional unplanned selling by other former insiders may emerge, though no pattern is evident here.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-005673 |
| Document: 0001959173-26-005673-index.html | 0001959173-26-005673 |
| Document: 0001959173-26-005673.txt | 0001959173-26-005673 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Insider Cluster | $92.51 $92.10 | ▼ −0.44% | ▲ +1.53% | $88.25 (−4.60%) |
Aug 6, 2026 8w ago | 144 | $90.04 $89.80 | ▲ +0.27% | ▼ −0.13% | $88.25 (+1.99%) |
Aug 5, 2026 8w ago | 144 | $87.73 $86.69 | ▼ −1.19% | ▼ −0.58% | $88.25 (+0.59%) |
Aug 4, 2026 8w ago | 144 | $91.60 $86.04 | ▼ −6.07% | ▼ −4.83% | $88.25 (−3.66%) |
Jul 29, 2026 9w ago | Press Release | $86.13 $86.47 | ▲ +0.39% | ▼ −3.57% | $88.25 (+2.46%) |
Jul 28, 2026 9w ago | 8-K | $83.89 $85.61 | ▲ +2.05% | ▼ −2.97% | $88.25 (+5.20%) |
US Market Status
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