Charles W. Ergen - Dec 22, 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 22, 2021
Transactions value $
$0
Form type
4
Date filed
12/27/2021, 03:15 PM
Previous filing
Dec 23, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Gift $0 -305 0% $0.00 11.3M Dec 23, 2021 Direct
holding DISH Class A Common Stock 322 Dec 22, 2021 I F1
holding DISH Class A Common Stock 21.3K Dec 22, 2021 I F2
holding DISH Class A Common Stock 2.66K Dec 22, 2021 I F3
holding DISH Class A Common Stock 11K Dec 22, 2021 I F4
holding DISH Class A Common Stock 2.17M Dec 22, 2021 I F5
holding DISH Class A Common Stock 15.4M Dec 22, 2021 I F6
holding DISH Class A Common Stock 6.7M Dec 22, 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 -17.7M -42.15% 24.3M Dec 22, 2021 Class A Common Stock 17.7M I F8, F9
transaction DISH Class B Common Stock Gift +17.7M +306779.19% 17.7M Dec 22, 2021 Class A Common Stock 17.7M Direct F8, F9
holding DISH Class B Common Stock 50M Dec 22, 2021 Class A Common Stock 50M I F8, F10
holding DISH Class B Common Stock 40.1M Dec 22, 2021 Class A Common Stock 40.1M I F8, F11
holding DISH Class B Common Stock 63.8M Dec 22, 2021 Class A Common Stock 63.8M I F7, F8
holding DISH Class B Common Stock 10M Dec 22, 2021 Class A Common Stock 10M I F8, F12
holding DISH Class B Common Stock 32.5M Dec 22, 2021 Class A Common Stock 32.5M I F8, F13
* 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 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.
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 Class B shares 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 December 2020 DISH GRAT, 17,701,159 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2021. Following this distribution, the Ergen Two-Year December 2020 DISH GRAT holds 24,298,841 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.
F10 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.
F11 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.
F12 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.
F13 The Ergen Two-Year December 2021 DISH GRAT holds 32,500,000 Class B Shares and is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.