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EchoStar CORP (NASDAQ:SATS) Chief Legal Officer Dean Manson sold 25,000 shares of Class A Common Stock on July 9, 2025, at a price of $33, totaling $825,000. The sale occurred near the stock’s 52-week high of $33.03, amid a remarkable 63% surge in share price over the past year. According to InvestingPro data, EchoStar’s market capitalization stands at $8.85 billion.
According to a Form 4 filing with the Securities and Exchange Commission, Manson also exercised options to acquire 25,000 shares of Class A Common Stock at a price of $14.04, for a total value of $351,000. Following the transactions, Manson directly owns 2,322 shares of EchoStar CORP. In addition, Manson indirectly owns 1,106 shares through a 401(k). Investors tracking insider activity can access comprehensive analysis and 12 additional key insights through InvestingPro’s detailed research reports. The company is scheduled to report its next earnings on July 30, 2025.
In other recent news, EchoStar Corporation has been in the spotlight due to significant developments involving its financial obligations and regulatory challenges. The company recently resumed making interest payments after missing approximately $500 million in payments, which had created concerns about a potential default. This financial uncertainty was tied to an ongoing Federal Communications Commission ( FCC (BME:FCC)) review of EchoStar’s compliance with 5G network buildout requirements. President Donald Trump intervened, urging EchoStar and the FCC to reach an amicable resolution regarding the company’s wireless spectrum licenses. UBS maintained a Neutral rating on EchoStar, with a price target of $28, amid these discussions. The potential sale of EchoStar’s spectrum licenses, valued at approximately $35 billion, has been considered as part of the resolution. Meanwhile, bondholders have engaged the law firm Akin Gump Strauss Hauer & Feld in preparation for a possible bankruptcy filing, reflecting the gravity of the situation. EchoStar’s ongoing regulatory challenges have also led to the hiring of legal counsel to navigate the complexities of the FCC’s review.
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