Charles W. Ergen - Dec 3, 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
Dec 3, 2021
Transactions value $
$0
Form type
4
Date filed
12/7/2021, 03:28 PM
Previous filing
Oct 1, 2021
Next filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Other -7.5M -32.76% 15.4M Dec 3, 2021 I F1, F2
transaction DISH Class A Common Stock Other +7.5M +197.34% 11.3M Dec 3, 2021 Direct F1
holding DISH Class A Common Stock 322 Dec 3, 2021 I F3
holding DISH Class A Common Stock 21.3K Dec 3, 2021 I F4
holding DISH Class A Common Stock 2.66K Dec 3, 2021 I F5
holding DISH Class A Common Stock 11K Dec 3, 2021 I F6
holding DISH Class A Common Stock 2.17M Dec 3, 2021 I F7
holding DISH Class A Common Stock 6.7M Dec 3, 2021 I F8

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 Other -7.47M -100% 0 Dec 3, 2021 Class A Common Stock 0 I F1, F2, F9
transaction DISH Class B Common Stock Other +7.47M +145.73% 12.6M Dec 3, 2021 Class A Common Stock 7.47M Direct F1, F9
transaction DISH Class B Common Stock Gift -18.5M -100% 0 Dec 3, 2021 Class A Common Stock 18.5M I F9, F10
transaction DISH Class B Common Stock Gift +18.5M +146.88% 31.1M Dec 3, 2021 Class A Common Stock 18.5M Direct F9, F10
transaction DISH Class B Common Stock Other +1.43M +4.6% 32.5M Dec 3, 2021 Class A Common Stock 1.43M Direct F9, F11
transaction DISH Class B Common Stock Gift -32.5M -99.98% 5.77K Dec 3, 2021 Class A Common Stock 32.5M Direct F9, F12
transaction DISH Class B Common Stock Gift +32.5M 32.5M Dec 3, 2021 Class A Common Stock 32.5M I F9, F12
holding DISH Class B Common Stock 42M Dec 3, 2021 Class A Common Stock 42M I F9, F13
holding DISH Class B Common Stock 40.1M Dec 3, 2021 Class A Common Stock 40.1M I F9, F14
holding DISH Class B Common Stock 63.8M Dec 3, 2021 Class A Common Stock 63.8M I F8, F9
holding DISH Class B Common Stock 10M Dec 3, 2021 Class A Common Stock 10M I F9, F15
holding DISH Class B Common Stock 50M Dec 3, 2021 Class A Common Stock 50M I F9, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 3, 2021, Mr. Ergen, for estate planning purposes, acquired beneficial ownership of 7,500,000 Class A shares and 7,465,039 Class B shares held by the Two-Year March 2020 GRAT, a trust established for estate planning purposes by Mr. Ergen for the benefit of his family, when Mr. Ergen exercised his right, as grantor of such trust, to substitute other property of equivalent value in exchange for such Class A shares and Class B shares.
F2 The Ergen Two-Year March 2020 DISH GRAT holds 15,390,835 Class A 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.
F3 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F4 Held by Mr. Charles W. Ergen in a 401(k) account.
F5 Held by Mrs. Cantey M. Ergen in a 401(k) account.
F6 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.
F7 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.
F8 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.
F9 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.
F10 Pursuant to the terms of the Ergen Two-Year December 2019 GRAT, all 18,488,257 Class B shares held by the Ergen Two-Year December 2019 GRAT were distributed as an annuity to Mr. Ergen on December 3, 2021. Following this distribution, the Ergen Two-Year December 2019 GRAT expired pursuant to its terms.
F11 On December 3, 2021, Mr. Ergen, for estate planning purposes, acquired beneficial ownership of 1,430,090 Class B shares held by certain trusts established for estate planning purposes by Mr. Ergen for the benefit of his family, when Mr. Ergen exercised his right, as grantor of such trusts, to substitute other property of equivalent value in exchange for such Class B shares.
F12 On December 3, 2021, Mr. Ergen established the Ergen Two-Year December 2021 DISH GRAT and contributed 32,500,000 Class B shares, resulting in the transfer of a total of 32,500,000 Class B shares. The Ergen Two-Year December 2021 DISH GRAT is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F13 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.
F14 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.
F15 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.
F16 The Ergen Two-Year June 2021 DISH GRAT holds 50,000,000 Class B Shares and is scheduled to expire in accordance with its terms on June 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.