What the executives and directors of EchoStar actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| ERGEN CHARLES W CHAIRMAN, PRES and CEO | CEO | 12.7M | — | — |
| Telluray Holdings, LLC | 10% owner | 2.4M | — | — |
| Akhavan Hamid CEO, EchoStar Capital | CEO | 910.7K | — | $61.7M |
| Swieringa John President, Technology and COO | COO | 254.3K | — | $19.7M |
| KELLY MICHAEL ExcVP/Grp Pres,Retail Wireless | Officer | 53.4K | — | — |
| DEFRANCO JAMES | Director | 51.7K | — | — |
| ORBAN PAUL W EVP, Chief Financial Officer | CFO | 50.9K | — | $4.9M |
| Ortolf Tom A | Director | 41.1K | — | $183K |
| Dodge R Stanton | Director | 27K | — | — |
| Manson Dean EVP, Gen. Counsel & Secretary | Officer | 11.1K | — | $9.6M |
| Hershman Lisa W. | Director | 10K | — | — |
| Wade William David | Director | 5,767 | — | — |
| SCHROEDER C MIKE | Director | 5,000 | — | — |
| Brokaw George R | Director | 4,508 | $68K | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Manson Dean (Officer) | Planned sale (10b5-1) | 4,000 | $130.39 | $522K |
| 2026-06-12 | Manson Dean (Officer) | Planned sale (10b5-1) | 6,000 | $130.39 | $782K |
| 2026-06-05 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 7,513 | $121.00 | $909K |
| 2026-06-05 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 45.1K | $121.00 | $5.5M |
| 2026-06-04 | Manson Dean (Officer) | Planned sale (10b5-1) | 10K | $119.50 | $1.2M |
| 2026-03-06 | Akhavan Hamid (CEO) | Discretionary sale | 71K | $107.52 | $7.6M |
| 2026-03-05 | Manson Dean (Officer) | Discretionary sale | 7,631 | $114.51 | $874K |
| 2026-03-05 | Manson Dean (Officer) | Discretionary sale | 11.4K | $114.60 | $1.3M |
| 2026-03-04 | Swieringa John (COO) | Discretionary sale | 15K | $114.04 | $1.7M |
| 2026-03-04 | Swieringa John (COO) | Discretionary sale | 35.1K | $113.39 | $4M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 2,911 | $108.78 | $317K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 3,240 | $105.88 | $343K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 3,657 | $106.72 | $390K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 4,255 | $108.76 | $463K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 4,256 | $108.76 | $463K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 4,668 | $106.84 | $499K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 4,670 | $106.84 | $499K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 5,123 | $108.02 | $553K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 5,465 | $105.95 | $579K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 5,595 | $105.93 | $593K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 6,095 | $106.77 | $651K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 6,169 | $105.96 | $654K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 6,567 | $108.92 | $715K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 7,831 | $108.01 | $846K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 7,833 | $108.01 | $846K |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 11.9K | $108.18 | $1.3M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 14.9K | $104.65 | $1.6M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 20.1K | $104.10 | $2.1M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 23K | $104.66 | $2.4M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 23.2K | $104.67 | $2.4M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 26.6K | $104.61 | $2.8M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 28.5K | $104.09 | $3M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 29.6K | $104.10 | $3.1M |
| 2025-12-11 | Akhavan Hamid (CEO) | Planned sale (10b5-1) | 29.6K | $104.10 | $3.1M |
| 2025-12-11 | Ortolf Tom A (Director) | Discretionary sale | 1,754 | $104.06 | $183K |
| 2025-11-21 | Swieringa John (COO) | Discretionary sale | 22K | $67.34 | $1.5M |
| 2025-11-18 | Brokaw George R (Director) | Open-market buy | 1,000 | $68.07 | $68K |
| 2025-09-12 | Akhavan Hamid (CEO) | Discretionary sale | 63.1K | $76.50 | $4.8M |
| 2025-09-12 | Akhavan Hamid (CEO) | Discretionary sale | 170.8K | $74.93 | $12.8M |
| 2025-09-12 | Gaske Paul (COO) | Discretionary sale | 750 | $78.32 | $59K |
| 2025-09-12 | Gaske Paul (COO) | Discretionary sale | 1,444 | $75.63 | $109K |
| 2025-09-12 | Gaske Paul (COO) | Discretionary sale | 2,964 | $75.91 | $225K |
| 2025-09-12 | Gaske Paul (COO) | Discretionary sale | 5,075 | $75.91 | $385K |
| 2025-09-09 | ORBAN PAUL W (CFO) | Discretionary sale | 744 | $82.37 | $61K |
| 2025-09-09 | Manson Dean (Officer) | Discretionary sale | 60K | $81.24 | $4.9M |
| 2025-09-09 | Abernathy Kathleen Q (Director) | Discretionary sale | 1,754 | $82.37 | $144K |
| 2025-09-09 | Abernathy Kathleen Q (Director) | Discretionary sale | 5,000 | $82.33 | $412K |
| 2025-09-09 | Abernathy Kathleen Q (Director) | Discretionary sale | 10K | $82.36 | $824K |
| 2025-09-09 | Swieringa John (COO) | Discretionary sale | 11.7K | $81.18 | $949K |
| 2025-09-09 | Swieringa John (COO) | Discretionary sale | 16.9K | $81.18 | $1.4M |
| 2025-09-09 | Swieringa John (COO) | Discretionary sale | 27.3K | $81.24 | $2.2M |
| 2025-09-09 | Swieringa John (COO) | Discretionary sale | 35.1K | $81.20 | $2.8M |
| 2025-09-09 | Swieringa John (COO) | Discretionary sale | 63.8K | $81.20 | $5.2M |
| 2025-09-08 | Gaske Paul (COO) | Discretionary sale | 45K | $80.25 | $3.6M |
| 2025-08-29 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 13.5K | $61.24 | $829K |
| 2025-08-29 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 16.5K | $61.26 | $1M |
| 2025-08-29 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 20K | $61.26 | $1.2M |
| 2025-08-27 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 2,358 | $55.65 | $131K |
| 2025-08-27 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 26.7K | $55.65 | $1.5M |
| 2025-08-26 | ORBAN PAUL W (CFO) | Planned sale (10b5-1) | 2,089 | $54.20 | $113K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.