Tom A. Ortolf - Dec 31, 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role
Director
Signature
/s/ Tom A. Ortolf, by Timothy A. Messner, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 08:05 PM
Previous filing
Jan 3, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DISH Class A Common Stock Disposed to Issuer -10.5K -100% 0 Dec 31, 2023 Direct F1
transaction DISH Class A Common Stock Disposed to Issuer -66.2K -100% 0 Dec 31, 2023 I F1, F2
transaction DISH Class A Common Stock Disposed to Issuer -200 -100% 0 Dec 31, 2023 I F1, F3

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 Stock Option Disposed to Issuer -5K -100% 0 Dec 31, 2023 Class A Common Stock 5K $24.97 Direct F1, F4
transaction DISH Non-Employee Director Stock Option Disposed to Issuer -5K -100% 0 Dec 31, 2023 Class A Common Stock 5K $35.47 Direct F1, F4
transaction DISH Non-Employee Director Stock Option Disposed to Issuer -5K -100% 0 Dec 31, 2023 Class A Common Stock 5K $32.34 Direct F1, F4
transaction DISH Non-Employee Director Stock Option Disposed to Issuer -5K -100% 0 Dec 31, 2023 Class A Common Stock 5K $32.44 Direct F4
transaction DISH Non-Employee Director Stock Option Disposed to Issuer -5K -100% 0 Dec 31, 2023 Class A Common Stock 5K $14.04 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tom A. Ortolf 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 Partnership.
F3 By the Reporting Persons child.
F4 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.