CHARLES W. ERGEN - 29 Sep 2021 Form 4 Insider Report for DISH Network CORP (DISH)

Role: CHAIRMAN, Director, 10%+ Owner
Signature: /s/ Charles W. Ergen, by Brandon Ehrhart, Attorney-in-Fact
Issuer symbol: DISH
Transactions as of: 29 Sep 2021
Transactions value $: $15,066,000
Form type: 4
Filing time: 01 Oct 2021, 16:18:02 UTC
Previous filing: 06 Jul 2021
Next filing: 07 Dec 2021
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	Options Exercise	$15.1M	+540K	+16.56%	$27.90	3.8M	29 Sep 2021	Direct
holding	DISH	Class A Common Stock						322	29 Sep 2021	I	F1
holding	DISH	Class A Common Stock						21.3K	29 Sep 2021	I	F2
holding	DISH	Class A Common Stock						2.66K	29 Sep 2021	I	F3
holding	DISH	Class A Common Stock						11K	29 Sep 2021	I	F4
holding	DISH	Class A Common Stock						2.17M	29 Sep 2021	I	F5
holding	DISH	Class A Common Stock						22.9M	29 Sep 2021	I	F6
holding	DISH	Class A Common Stock						6.7M	29 Sep 2021	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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-540K	-100%	$0.00^*	0	29 Sep 2021	Class A Common Stock	540K	$27.90	Direct	F8

* 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.
F2	Held by Mr. Charles W. Ergen in a 401(k) account.
F3	Held by Mrs. Cantey M. 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 Ergen Two-Year March 2020 DISH GRAT holds 22,890,835 Class A shares and 7,465,039 Class B shares and is scheduled to expire in accordance with its terms on March 16, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F7	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.
F8	The grant was subject to achievement of certain performance criteria prior to June 30, 2021 and vested based on achievement of such criteria. The performance criteria were not tied to the market price of the Issuer's securities.