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Possible new EchoStar shares

ECHODilution

Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: converts, ATM.

Shelf room

  • Room today not capped by the baby-shelf rule ($3.7B float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3ASR of Nov 14, 2024: not limited by the baby-shelf rule, because the $3.7B public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3ASR Nov 14, 2024, effective Nov 14, 2024 · public float, as of Jun 30, 2025.

What could become new EchoStar (ECHO) shares: warrants and options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.

EchoStar dilution ladder

Every source of new shares on record, from the filings that created it.

291M outstanding; up to 311.2M fully diluted, +7%

  1. Outstandingas of Oct 26, 2026 (10-Q filed Nov 3) · share count on the cover page
    291M
  2. Warrants16.2M10-Q Nov 3, 2026 · securities left out of diluted EPS
    +16.2M
  3. Options and RSUs4.1M options10-Q Nov 3, 2026 · securities left out of diluted EPS
    +4.1M

Not stated in the filings we read: an ATM program, convertible notes.

Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.

Financing terms to know

None found in filings since Nov 3, 2026.

Each term is quoted from the exhibit it comes from; numbers are as stated in the filing. A flag describes a financing term. It is not investment advice.