Charles W. Ergen - 22 Dec 2023 Form 4 Insider Report for DISH Network CORP

Role
CHAIRMAN, Director, 10%+ Owner
Signature
/s/ Charles W. Ergen, by Timothy A. Messner, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Dec 2023
Net transactions value
$0
Form type
4
Filing time
27 Dec 2023, 16:38:58 UTC
Previous filing
22 Dec 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DISH Class A Common Stock 85,582 22 Dec 2023 Direct
holding DISH Class A Common Stock 21,589 22 Dec 2023 I F1
holding DISH Class A Common Stock 448 22 Dec 2023 I F2
holding DISH Class A Common Stock 2,817 22 Dec 2023 I F3
holding DISH Class A Common Stock 10,957 22 Dec 2023 I F4
holding DISH Class A Common Stock 2,168,975 22 Dec 2023 I F5
holding DISH Class A Common Stock 6,699,489 22 Dec 2023 I F6
holding DISH Class A Common Stock 26,000,000 22 Dec 2023 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 -55,000,000 -100% $0.000000* 0 22 Dec 2023 Class A Common Stock 55,000,000 I F8, F9
transaction DISH Class B Common Stock Gift $0 +55,000,000 +2565% $0.000000 57,144,588 22 Dec 2023 Class A Common Stock 55,000,000 Direct F8, F9
transaction DISH Class B Common Stock Gift $0 -57,000,000 -100% $0.000000 144,588 22 Dec 2023 Class A Common Stock 57,000,000 Direct F8, F10
transaction DISH Class B Common Stock Gift $0 +57,000,000 $0.000000 57,000,000 22 Dec 2023 Class A Common Stock 57,000,000 I F8, F10
holding DISH Class B Common Stock 28,000,000 22 Dec 2023 Class A Common Stock 28,000,000 I F7, F8
holding DISH Class B Common Stock 63,790,620 22 Dec 2023 Class A Common Stock 63,790,620 I F6, F8
holding DISH Class B Common Stock 89,500,000 22 Dec 2023 Class A Common Stock 89,500,000 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 Mr. Ergen in a 401(k) account.
F2 Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F3 Held by Mrs. 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 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. 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 2022 DISH GRAT, 55,000,000 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2023. Following this distribution, the Ergen Two-Year December 2022 DISH GRAT expired in accordance with its terms.
F10 On December 22, 2023, Charles W. Ergen established the Ergen Two-Year December 2023 SATS GRAT (the "Two-Year December 2023 SATS GRAT") and contributed 57,000,000 Class B shares to the Two-Year December 2023 SATS GRAT. The Two-Year December 2023 SATS 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 2023 SATS GRAT is scheduled to expire in accordance with its terms on December 22, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F11 The Ergen Two-Year June 2023 DISH GRAT holds 89,500,000 Class B shares and is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Ergen serves as the trustee of such GRAT.