Ergen Two-Year December 2021 DISH GRAT - Dec 5, 2022 Form 4 Insider Report for DISH Network CORP (DISH)

Role
10%+ Owner
Signature
/s/ Mrs. Cantey M. Ergen, Trustee of the Ergen Two-Year December 2021 DISH GRAT, by Brandon Ehrhart, Attorney-in-Fact
Stock symbol
DISH
Transactions as of
Dec 5, 2022
Transactions value $
$0
Form type
4
Date filed
12/7/2022, 04:45 PM
Previous filing
Dec 13, 2021
SEC
View on sec.gov

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 -30.5M -93.9% $0.00 1.98M Dec 5, 2022 Class A Common Stock 30.5M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ergen Two-Year December 2021 DISH GRAT is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 Pursuant to the terms of the Two-Year December 2021 DISH GRAT, 30,516,652 Class B shares were distributed as an annuity to Mr. Ergen on December 5, 2022. Following this distribution, the Two-Year 2021 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 trustee of such GRAT.