Charles W. Ergen - Jan 1, 2022 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
Jan 1, 2022
Transactions value $
-$13,106
Form type
4
Date filed
1/4/2022, 03:03 PM
Previous filing
Dec 27, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Options Exercise +1.18K +0.01% 11.3M Jan 1, 2022 Direct F1
transaction DISH Class A Common Stock Tax liability -$13.1K -404 0% $32.44 11.3M Jan 1, 2022 Direct F2
holding DISH Class A Common Stock 21.3K Jan 1, 2022 I F3
holding DISH Class A Common Stock 2.66K Jan 1, 2022 I F4
holding DISH Class A Common Stock 11K Jan 1, 2022 I F5
holding DISH Class A Common Stock 2.17M Jan 1, 2022 I F6
holding DISH Class A Common Stock 15.4M Jan 1, 2022 I F7
holding DISH Class A Common Stock 6.7M Jan 1, 2022 I F8
holding DISH Class A Common Stock 353 Jan 1, 2022 I F9

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 Restricted Stock Units Options Exercise $0 -1.18K -33.35% $0.00 2.36K Jan 1, 2022 Class A Common Stock 1.18K Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
F2 Represents shares withheld to cover certain tax obligations in connection with the vested restricted stock units listed in Table II.
F3 Held by Mr. Charles W. Ergen in a 401(k) account.
F4 Held by Mrs. Cantey M. Ergen in a 401(k) account.
F5 The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F6 The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F7 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.
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 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 held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
F9 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F10 The RSUs vest in three equal annual installments, commencing upon January 1, 2022.