Charles W. Ergen - Jun 1, 2021 Form 4 Insider Report for DISH Network CORP (DISH)

Role
CHAIRMAN, Director, 10%+ Owner
Signature
/s/ Charles W. Ergen by Brandon Ehrhart, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 04:43 PM
Previous filing
May 24, 2021
Next filing
Jun 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DISH Class A Common Stock 3.26M Jun 1, 2021 Direct
holding DISH Class A Common Stock 322 Jun 1, 2021 I F1
holding DISH Class A Common Stock 21.3K Jun 1, 2021 I F2
holding DISH Class A Common Stock 2.66K Jun 1, 2021 I F3
holding DISH Class A Common Stock 11K Jun 1, 2021 I F4
holding DISH Class A Common Stock 2.17M Jun 1, 2021 I F5
holding DISH Class A Common Stock 22.9M Jun 1, 2021 I F6
holding DISH Class A Common Stock 6.7M Jun 1, 2021 I F7

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 -14.1M -100% 0 Jun 1, 2021 Class A Common Stock 14.1M I F8, F9
transaction DISH Class B Common Stock Gift +13.6M +62.67% 35.3M Jun 1, 2021 Class A Common Stock 13.6M Direct F8, F9
transaction DISH Class B Common Stock Gift -19.9M -33.1% 40.1M Jun 2, 2021 Class A Common Stock 19.9M I F8, F10
transaction DISH Class B Common Stock Gift +19.9M +56.33% 55.1M Jun 2, 2021 Class A Common Stock 19.9M Direct F8, F10
holding DISH Class B Common Stock 18.5M Jun 1, 2021 Class A Common Stock 18.5M I F8, F11
holding DISH Class B Common Stock 42M Jun 1, 2021 Class A Common Stock 42M I F8, F12
holding DISH Class B Common Stock 10M Jun 1, 2021 Class A Common Stock 10M I F8, F13
holding DISH Class B Common Stock 7.47M Jun 1, 2021 Class A Common Stock 7.47M I F6, F8
holding DISH Class B Common Stock 63.8M Jun 1, 2021 Class A Common Stock 63.8M I F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F2 Held by Mr. Charles W. Ergen in a 401(k) account.
F3 Held by Mrs. Cantey M. Ergen in a 401(k) account.
F4 The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F5 The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F6 The Ergen Two-Year March 2020 DISH GRAT holds 22,890,835 Class A shares and 7,465,039 Class B shares and is scheduled to expire in accordance with its terms on March 16, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F7 The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F8 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.
F9 Pursuant to the terms of the Ergen Two-Year 2019 DISH GRAT II, 13,584,874 Class B shares were distributed as an annuity to Mr. Ergen on June 1, 2021, with the remaining 547,442 Class B shares distributed to a trust for the benefit of the reporting person's family members. Following these distributions, the Ergen Two-Year 2019 DISH GRAT II expired pursuant to its terms.
F10 Pursuant to the terms of the Ergen Two-Year June 2020 DISH GRAT, 19,861,182 Class B shares were distributed as an annuity to Mr. Ergen on June 2, 2021. Following this distribution, the Ergen Two-Year June 2020 DISH GRAT holds 40,138,818 Class B Shares and is scheduled to expire in accordance with its terms on June 2, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F11 The Ergen Two-Year December 2019 DISH GRAT holds 18,488,257 Class B shares and is scheduled to expire in accordance with its terms on December 3, 2021. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F12 The Ergen Two-Year December 2020 DISH GRAT holds 42,000,000 Class B Shares and is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F13 The Ergen Two-Year March 2021 DISH GRAT holds 10,000,000 Class B shares and is scheduled to expire in accordance with its terms on March 30, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.