Charles W. Ergen - Jun 26, 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role: CHAIRMAN, Director, 10%+ Owner
Signature: /s/ Cantey M. Ergen, by Timothy A. Messner, Attorney-in-Fact
Stock symbol: DISH
Transactions as of: Jun 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/28/2023, 04:32 PM
Previous filing: Jun 27, 2023
Next filing: Dec 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DISH	Class A Common Stock						2.82K	Jun 26, 2023	I	F1
holding	DISH	Class A Common Stock						11K	Jun 26, 2023	I	F2
holding	DISH	Class A Common Stock						2.17M	Jun 26, 2023	I	F3
holding	DISH	Class A Common Stock						6.7M	Jun 26, 2023	I	F4
holding	DISH	Class A Common Stock						21.6K	Jun 26, 2023	I	F5
holding	DISH	Class A Common Stock						26M	Jun 26, 2023	I	F6
holding	DISH	Class A Common Stock						448	Jun 26, 2023	I	F7
holding	DISH	Class A Common Stock						85.6K	Jun 26, 2023	Direct

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	-89.5M	-99.82%	$0.00	161K	Jun 26, 2023	Class A Common Stock	89.5M		Direct	F8, F9
transaction	DISH	Class B Common Stock	Gift	$0	+89.5M		$0.00	89.5M	Jun 26, 2023	Class A Common Stock	89.5M		I	F8, F9
holding	DISH	Class B Common Stock						28M	Jun 26, 2023	Class A Common Stock	28M		I	F6, F8
holding	DISH	Class B Common Stock						1.98M	Jun 26, 2023	Class A Common Stock	1.98M		I	F8, F10
holding	DISH	Class B Common Stock						63.8M	Jun 26, 2023	Class A Common Stock	63.8M		I	F4, F8
holding	DISH	Class B Common Stock						55M	Jun 26, 2023	Class A Common Stock	55M		I	F8, F11

* 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, in a 401(k) account.
F2	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.
F3	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.
F4	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.
F5	Held by Mr. Ergen in a 401(k) account.
F6	The Ergen Two-Year May 2023 DISH GRAT holds 26,000,000 Class A shares and 28,000,000 Class B shares and is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F7	Held by Mrs. Ergen, Mr. Ergen's spouse.
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	On June 26, 2023, Charles W. Ergen established the Ergen Two-Year June 2023 DISH GRAT (the "Two-Year June 2023 DISH GRAT") and contributed 89,500,000 Class B shares to the Two-Year June 2023 DISH GRAT. The Two-Year June 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 June 2023 DISH GRAT is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F10	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.
F11	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.