Ergen Two-Year December 2020 DISH GRAT - Dec 22, 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 December 2020 DISH GRAT, 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, 03:17 PM

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		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year December 2020 DISH GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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.
F2	Pursuant to the terms of the Ergen Two-Year December 2020 DISH GRAT (the "Two-Year December 2020 GRAT"), 17,701,159 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2021. Following this distribution, the Two-Year December 2020 GRAT beneficially owns 24,298,841 Class B shares. The Two-Year December 2020 GRAT is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.

Content

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.

Pursuant to the terms of the Ergen Two-Year December 2020 DISH GRAT (the "Two-Year December 2020 GRAT"), 17,701,159 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2021. Following this distribution, the Two-Year December 2020 GRAT beneficially owns 24,298,841 Class B shares. The Two-Year December 2020 GRAT is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.