The filing signals only intent to sell. Monitor for actual Form 4 filings in coming days to confirm execution. Akhavan's recent selling over the past 3 months (~$13.4M) combined with this new notice suggests sustained insider monetization. However, filing metadata lacks the full Form 144 detail (number of shares outstanding, precise market cap), so the proportional impact cannot be fully assessed.
Price Chart
Executive Summary
Former Officer and Director Hamid Akhavan filed a Form 144 notice of intent to sell 26,567 Class A shares valued at approximately $2.32 million. This is an advance notice of a proposed sale of control securities, not a completed transaction.
Key Facts
- Hamid Akhavan, a former officer and director, filed a Form 144 on 2026-08-06.
- The proposed sale involves 26,567 shares of Class A common stock, valued at ~$2,324,785.74 based on an estimated market price of $87.50/share.
- The shares to be sold were acquired on 08/06/2026 via a stock option exercise (cash exercise).
- Akhavan has sold 26,567 shares in the past 3 months (6/5: 52,586; 8/4: 52,000; 8/5: 26,563) totaling ~$13.39 million.
- The proposed sale represents about 1.7% of Akhavan's total beneficial ownership (~1.47M shares after recent sales).
- No additional context is provided about the company's financial condition or upcoming catalysts.
Financial Impact
Proposed sale of ~$2.3 million worth of Class A shares, representing about 0.01% of EchoStar's $25.5B market cap.
Risk Factors
- Insider selling by a former officer/director may be perceived as negative signal by the market.
- Sustained selling pattern over past 3 months could indicate lack of confidence in near-term prospects.
- The actual sale may not occur — Form 144 is only an intent to sell.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-005722 |
| Document: 0001959173-26-005722-index.html | 0001959173-26-005722 |
| Document: 0001959173-26-005722.txt | 0001959173-26-005722 |
Track record builds as more directional reports settle.
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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