STEPHEN J. BYE - 31 Dec 2023 Form 4 Insider Report for DISH Network CORP

Role
Director
Signature
/s/ Stephen J. Bye, by Timothy A. Messner, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
31 Dec 2023
Net transactions value
$0
Form type
4
Filing time
03 Jan 2024, 20:04:26 UTC
Previous filing
04 Apr 2023
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Disposed to Issuer -1,860 -100% 0 31 Dec 2023 Direct F1
transaction DISH Class A Common Stock Disposed to Issuer -476 -100% 0 31 Dec 2023 I F1, F2

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 Non-Employee Director Options Disposed to Issuer -10,000 -100% 0 31 Dec 2023 Class A Common Stock 10,000 $9.33 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

STEPHEN J. BYE 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 Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, EchoStar Corporation, a Nevada corporation ("EchoStar") and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of EchoStar ("Merger Sub"), on December 31, 2023, Merger Sub merged with and into the Issuer with the Issuer surviving the merger as a wholly owned subsidiary of EchoStar (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Class A Common Stock, par value $0.01 per share, of the Issuer ("Issuer Class A Common Stock") held by the Reporting Person was converted into the right to receive 0.350877 shares of Class A Common Stock, par value $0.001 per share, of EchoStar ("EchoStar Class A Common Stock").
F2 By 401(K).
F3 The shares underlying the option were 100% vested upon the date of the grant. Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Issuer Class A Common Stock held by the Reporting Person was converted into a corresponding award with respect to EchoStar Class A Common Stock.