Charles W. Ergen - Sep 29, 2021 Form 4 Insider Report for DISH Network CORP (DISH)

Signature
/s/ Charles W. Ergen, by Brandon Ehrhart, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
Sep 29, 2021
Transactions value $
$15,066,000
Form type
4
Date filed
10/1/2021, 04:18 PM
Previous filing
Jul 6, 2021
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Options Exercise $15.1M +540K +16.56% $27.90 3.8M Sep 29, 2021 Direct
holding DISH Class A Common Stock 322 Sep 29, 2021 I F1
holding DISH Class A Common Stock 21.3K Sep 29, 2021 I F2
holding DISH Class A Common Stock 2.66K Sep 29, 2021 I F3
holding DISH Class A Common Stock 11K Sep 29, 2021 I F4
holding DISH Class A Common Stock 2.17M Sep 29, 2021 I F5
holding DISH Class A Common Stock 22.9M Sep 29, 2021 I F6
holding DISH Class A Common Stock 6.7M Sep 29, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -540K -100% $0.00* 0 Sep 29, 2021 Class A Common Stock 540K $27.90 Direct 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 grant was subject to achievement of certain performance criteria prior to June 30, 2021 and vested based on achievement of such criteria. The performance criteria were not tied to the market price of the Issuer's securities.