Insider Cluster (2 insiders) ·Filed Jun 16, 2026
Insider cluster: 2 insiders, $6.2M total
Actionable Insight • Neutral
The dollar amount is too small to signal a bearish view. CEO sales at this scale are likely routine diversification. No immediate read-through; monitor for any upcoming earnings or M&A announcements that might have prompted the sales.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+60Entry
$111.70
T+0 close · Jun 16, 2026 · via day close
Latest settled
−15.94%
T+60 · $93.89
vs SPY
−18.63%
α at T+60
Horizons
All settled
through T+60
- T+0 · Jun 16 $111.70entry
- T+1 · 5mo ago −2.27%α −3.05% · $109.17
- T+5 · 4mo ago −12.99%α −12.09% · $97.19
- T+20 · 4mo ago −17.64%α −17.95% · $92.00
- T+60 · 8w ago −15.94%α −18.63% · $93.89
Price Chart
REPLAYWatch the reaction play outLoading chart...
How similar events traded
Executive Summary
Two EchoStar insiders (CEO and CLO) sold a combined $6.24M in open-market transactions over a 7-day window. The total represents just 0.018% of the $34.2B market cap, making this a routine, immaterial cluster with no signaling value.
Key Financial Metrics
Direction
selling
Total Value
$6.2M
Insiders
2
Key Facts
- CEO Hamid Akhavan sold 45,100 shares at $121.00 for $5.45M on 2026-06-05
- CLO Dean Manson sold 6,000 shares at $130.39 for $782,340 on 2026-06-12
- Total open-market sales: $6.24M, or ~0.018% of $34.2B market cap
- CLO also exercised derivatives (non-cash) on the same day, indicating a typical cashless exercise-and-sell pattern
Financial Impact
Trivial relative to market cap; no material financial impact
dilution
Risk Factors
- None material from this cluster alone
Market Snapshot
Exchange
Nasdaq
Sector
Communications Services, NEC
Analyst Consensus
60% bullish (10 analysts)
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SATS-1781651377784 |
15 reports for ECHO
100% Hit rate @ T+1 Went positive at some point 4 of 4 best @ T+5▲ +4.58%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 12d ago | Institutional Cluster | $89.08 $89.26 | ▲ +0.20% | ▼ −0.51% | $98.62 (+10.71%) |
Oct 12, 2026 23d ago | Institutional Cluster | $95.10 $91.56 | ▼ −3.72% | ▼ −3.71% | $98.62 (+3.70%) |
Oct 2, 2026 4w ago | 8-K | $94.25 $98.21 | ▲ +4.20% | ▲ +3.53% | $98.62 (+4.64%) |
Sep 18, 2026 6w ago | DEFA14A | $95.36 $95.46 | ▲ +0.10% | ▲ +0.12% | $98.62 (+3.42%) |
Sep 18, 2026 6w ago | DEF 14A | $95.36 $95.46 | ▲ +0.10% | ▲ +0.12% | $98.62 (+3.42%) |
Sep 17, 2026 6w ago | Press Release | $94.08 $93.46 | ▼ −0.66% | ▼ −0.79% | $98.62 (+4.83%) |
Aug 14, 2026 11w ago | Insider Cluster | $92.51 $90.00 | ▼ −2.71% | ▼ −2.04% | $98.62 (+6.60%) |
Aug 6, 2026 12w ago | 144 | $90.04 $89.15 | ▲ +0.99% | ▲ +0.96% | $98.62 (−9.53%) |
Aug 5, 2026 13w ago | 144 | $87.73 $87.03 | ▼ −0.80% | ▼ −0.64% | $98.62 (+12.41%) |
Aug 4, 2026 13w ago | 144 | $91.60 $87.73 | ▼ −4.22% | ▼ −4.03% | $98.62 (+7.66%) |
Showing 10 of 15
US Market Status
Market Closed · Opens Fri (13h 40m)
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers