Charles W. Ergen - Dec 22, 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
Dec 22, 2022
Transactions value $
$0
Form type
4
Date filed
12/27/2022, 03:40 PM
Previous filing
Dec 23, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Gift $0 -700 -0.06% $0.00 1.08M Dec 23, 2022 Direct
holding DISH Class A Common Stock 353 Dec 22, 2022 I F1
holding DISH Class A Common Stock 21.4K Dec 22, 2022 I F2
holding DISH Class A Common Stock 2.73K Dec 22, 2022 I F3
holding DISH Class A Common Stock 11K Dec 22, 2022 I F4
holding DISH Class A Common Stock 2.17M Dec 22, 2022 I F5
holding DISH Class A Common Stock 6.7M Dec 22, 2022 I F6
holding DISH Class A Common Stock 25M Dec 22, 2022 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 $0 -24.3M -100% $0.00* 0 Dec 22, 2022 Class A Common Stock 24.3M I F8, F9
transaction DISH Class B Common Stock Gift $0 +24.3M +78.24% $0.00 55.4M Dec 22, 2022 Class A Common Stock 24.3M Direct F8, F9
transaction DISH Class B Common Stock Gift $0 -55M -99.35% $0.00 357K Dec 22, 2022 Class A Common Stock 55M Direct F8, F10
transaction DISH Class B Common Stock Gift $0 +55M $0.00 55M Dec 22, 2022 Class A Common Stock 55M I F8, F10
holding DISH Class B Common Stock 63.8M Dec 22, 2022 Class A Common Stock 63.8M I F6, F8
holding DISH Class B Common Stock 2.65M Dec 22, 2022 Class A Common Stock 2.65M I F8, F11
holding DISH Class B Common Stock 4.86M Dec 22, 2022 Class A Common Stock 4.86M I F8, F12
holding DISH Class B Common Stock 87M Dec 22, 2022 Class A Common Stock 87M I F8, F13
holding DISH Class B Common Stock 1.98M Dec 22, 2022 Class A Common Stock 1.98M I F8, F14
holding DISH Class B Common Stock 22.8M Dec 22, 2022 Class A Common Stock 22.8M I F7, 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 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.
F7 The Ergen Two-Year May 2022 DISH GRAT holds 25,000,000 Class A shares and 22,800,000 Class B shares and is scheduled to expire in accordance with its terms on May 12, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F8 The holder of the 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, 24,298,841 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2022. Following this distribution, the Ergen Two-Year December 2020 GRAT expired pursuant to its terms.
F10 On December 22, 2022, Charles W. Ergen established the Ergen Two-Year December 2022 DISH GRAT (the "Two-Year December 2022 DISH GRAT") and contributed 55,000,000 Class B shares to the Two-Year December 2022 DISH GRAT. The Two-Year December 2022 DISH GRAT 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. The Two-Year December 2022 DISH GRAT is scheduled to expire in accordance with its terms on December 22, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F11 The Ergen Two-Year June 2021 DISH GRAT holds 2,645,957 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.
F12 The Ergen Two-Year March 2021 DISH GRAT holds 4,857,982 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 June 2022 DISH GRAT holds 87,000,000 Class B shares and is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F14 The Ergen Two-Year December 2021 DISH GRAT holds 1,983,348 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.