The proposed sale is small relative to market cap but large relative to the CEO's personal stake. Monitor for actual execution on Form 4; if the full block is sold, it could signal reduced insider conviction. No immediate catalyst — treat as low-signal noise unless accompanied by other insider sales.
Price Chart
Executive Summary
EchoStar CEO Hamid Akhavan filed a Form 144 notice of intent to sell 52,586 Class A shares (~$6.36M at the filing date price), representing a small fraction of his total reported holdings of ~$158.5M. The sale is tied to a stock option exercise and is routine in nature, but the CEO's role and the timing ahead of any earnings cycle warrant monitoring.
Key Facts
- CEO Hamid Akhavan filed Form 144 to sell 52,586 Class A shares.
- Estimated aggregate market value of shares to be sold: ~$6,362,906.
- Total shares beneficially owned (as of 3/6/2026): 71,005 shares valued at ~$7.63M.
- Sale is tied to a stock option exercise (issuer transaction).
- Filing date: June 5, 2026; proposed sale date also June 5, 2026.
- Shares are to be sold through Fidelity Brokerage Services LLC.
Financial Impact
Proposed sale of ~$6.36M in shares, representing ~0.02% of EchoStar's $36.1B market cap and ~83% of the CEO's reported holdings (71,005 shares).
Risk Factors
- CEO selling a significant portion of his reported holdings could signal reduced confidence if executed fully.
- Form 144 is only an intent to sell — the sale may not occur, but the filing itself is a disclosure of intent.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004372 |
| Document: 0001959173-26-004372-index.html | 0001959173-26-004372 |
| Document: 0001959173-26-004372.txt | 0001959173-26-004372 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 16, 2026 15w ago | Insider Cluster | $111.70 $103.92 | ▼ −6.97% | ▼ −5.93% | — |
Jun 5, 2026 17w ago | 144 | $116.28 $114.08 | ▼ −1.89% | ▼ −2.46% | — |
Jun 4, 2026 17w ago | 144 | $124.64 $128.13 | ▲ +2.80% | ▲ +5.35% | — |
Mar 4, 2026 30w ago | Insider Cluster | $114.03 $112.18 | ▲ +1.62% | ▲ +0.29% | — |
Mar 4, 2026 30w ago | Insider Cluster | $114.03 $112.18 | ▼ −1.62% | ▼ −0.29% | — |
Feb 28, 2026 30w ago | Institutional Cluster | $118.68 $109.92 | ▼ −7.38% | ▼ −6.17% | — |
US Market Status
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