Ergen Two-Year May 2022 DISH GRAT - May 12, 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role
10%+ Owner
Signature
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year May 2022 DISH GRAT, 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, 05:32 PM
Previous filing
May 20, 2022

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 Direct F1

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 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year May 2022 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 Pursuant to the terms of the Two-Year May 2022 DISH GRAT, all 25,000,000 Class A shares and 22,800,000 Class B shares held by the Two-Year May 2022 GRAT were distributed as an annuity to Mr. Ergen on May 12, 2023. Following this distribution, the Two-Year May 2022 GRAT expired in accordance with its terms.
F2 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.