Charles W. Ergen - May 12, 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role
CHAIRMAN, Director, 10%+ Owner
Signature
/s/ Charles W. Ergen by Timothy A. Messner, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 05:26 PM
Previous filing
Apr 4, 2023
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Gift $0 -25M -100% $0.00* 0 May 12, 2023 I F1
transaction DISH Class A Common Stock Gift $0 +25M +2303.06% $0.00 26.1M May 12, 2023 Direct F1
transaction DISH Class A Common Stock Gift $0 -26M -99.67% $0.00 85.5K May 12, 2023 Direct F2
transaction DISH Class A Common Stock Gift $0 +26M $0.00 26M May 12, 2023 I F2
holding DISH Class A Common Stock 2.82K May 12, 2023 I F3
holding DISH Class A Common Stock 11K May 12, 2023 I F4
holding DISH Class A Common Stock 2.17M May 12, 2023 I F5
holding DISH Class A Common Stock 6.7M May 12, 2023 I F6
holding DISH Class A Common Stock 383 May 12, 2023 I F7
holding DISH Class A Common Stock 21.6K May 12, 2023 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 Gift $0 -22.8M -100% $0.00* 0 May 12, 2023 Class A Common Stock 22.8M I F1, F9
transaction DISH Class B Common Stock Gift $0 +22.8M +437.18% $0.00 28M May 12, 2023 Class A Common Stock 22.8M Direct F1, F9
transaction DISH Class B Common Stock Gift $0 -28M -99.95% $0.00 15.3K May 12, 2023 Class A Common Stock 28M Direct F2, F9
transaction DISH Class B Common Stock Gift $0 +28M $0.00 28M May 12, 2023 Class A Common Stock 28M I F2, F9
holding DISH Class B Common Stock 87M May 12, 2023 Class A Common Stock 87M I F9, F10
holding DISH Class B Common Stock 1.98M May 12, 2023 Class A Common Stock 1.98M I F9, F11
holding DISH Class B Common Stock 63.8M May 12, 2023 Class A Common Stock 63.8M I F6, F9
holding DISH Class B Common Stock 2.65M May 12, 2023 Class A Common Stock 2.65M I F9, F12
holding DISH Class B Common Stock 55M May 12, 2023 Class A Common Stock 55M I F9, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Ergen Two-Year May 2022 DISH GRAT, 25,000,000 Class A shares and 22,800,000 Class B shares were distributed as an annuity to Mr. Ergen on May 12, 2022. Following this distribution, the Ergen Two-Year May 2022 DISH GRAT expired pursuant to its terms.
F2 On May 12, 2023, Charles W. Ergen established the Ergen Two-Year May 2023 DISH GRAT (the "Two-Year May 2023 DISH GRAT") and contributed 26,000,000 Class A shares and 28,000,000 Class B shares to the Two-Year May 2023 DISH GRAT. The Two-Year May 2023 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 May 2023 DISH GRAT is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT
F3 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse, in a 401(k) account.
F4 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.
F5 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.
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 Held by Mrs. Ergen, Mr. Ergen's spouse.
F8 Held by Mr. Ergen in a 401(k) account.
F9 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.
F10 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.
F11 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.
F12 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.
F13 The Ergen Two-Year December 2022 DISH GRAT holds 55,000,000 Class B shares and is scheduled to expire in accordance with its terms on December 22, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.