Ergen Two-Year June 2020 DISH GRAT - Jun 2, 2021 Form 4 Insider Report for DISH Network CORP (DISH)

Role
10%+ Owner
Signature
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year June 2020 DISH GRAT, by Brandon Ehrhart, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
Jun 2, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 04:37 PM
Next filing
Jun 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DISH Class B Common Stock Gift -19.9M -33.1% 40.1M Jun 2, 2021 Class A Common Stock 19.9M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The holder of the shares of Class B stock may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
F2 Pursuant to the terms of the Two-Year June 2020 GRAT, 19,861,182 Class B shares were distributed as an annuity to Mr. Ergen on June 2, 2021. Following this distribution, the Two-Year June 2020 GRAT beneficially owns 40,138,818 Class B shares. The Two-Year June 2020 GRAT is scheduled to expire in accordance with its terms on June 2, 2022.