CANTEY ERGEN - 01 Jan 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role
Director, SENIOR ADVISOR, 10%+ Owner
Signature
/s/ Cantey M. Ergen by Brandon Ehrhart, Attorney-in-Fact
Issuer symbol
DISH
Transactions as of
01 Jan 2023
Transactions value $
-$239
Form type
4
Filing time
03 Jan 2023, 16:37:19 UTC
Previous filing
04 Jan 2022
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
transaction DISH Class A Common Stock Options Exercise +47 +13.31% 400 01 Jan 2023 Direct F1
transaction DISH Class A Common Stock Tax liability -$238 -17 -4.25% $14.04 383 01 Jan 2023 Direct F2
holding DISH Class A Common Stock 2,732 01 Jan 2023 I F3
holding DISH Class A Common Stock 21,447 01 Jan 2023 I F4
holding DISH Class A Common Stock 10,957 01 Jan 2023 I F5
holding DISH Class A Common Stock 2,168,975 01 Jan 2023 I F6
holding DISH Class A Common Stock 25,000,000 01 Jan 2023 I F7
holding DISH Class A Common Stock 6,699,489 01 Jan 2023 I F8
holding DISH Class A Common Stock 1,085,512 01 Jan 2023 I F9

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 Restricted Stock Units Options Exercise $0 -47 -50% $0 47 01 Jan 2023 Class A Common Stock 47 Direct F1, F10
transaction DISH Employee Stock Option (Right to Buy) Award $0 +5,000 $0 5,000 01 Jan 2023 Class A Common Stock 5,000 $14.04 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
F2 Represents shares withheld to cover certain tax obligations in connection with the vested restricted stock units listed in Table II.
F3 Held by Mrs. Cantey M. Ergen in a 401(k) account.
F4 Held by Mr. Charles W. Ergen, Mrs. Ergen's spouse, in a 401(k) account.
F5 The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
F6 The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
F7 The Ergen Two-Year May 2022 DISH GRAT holds 25,000,000 Class A shares and is scheduled to expire in accordance with its terms on May 12, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F8 The shares are held by Telluray Holdings, LLC. Mrs. Ergen and Mr. 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 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 held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of her pecuniary interest therein.
F9 Held by Mr. Charles W. Ergen.
F10 The RSUs vest in three equal annual installments, commencing upon January 1, 2022.
F11 The shares underlying the option were 100% vested upon the date of the grant.