CANTEY ERGEN - 31 Dec 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role
Director, SENIOR ADVISOR, 10%+ Owner
Signature
/s/ Cantey M. Ergen, by Timothy A. Messner, Attorney-in-Fact
Issuer symbol
DISH
Transactions as of
31 Dec 2023
Transactions value $
$0
Form type
4
Filing time
03 Jan 2024, 19:22:01 UTC
Previous filing
03 Jan 2023
Next filing
03 Apr 2025
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 -448 -100% 0 31 Dec 2023 Direct F1
transaction DISH Class A Common Stock Disposed to Issuer -2,817 -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 Employee Stock Option (Right to Buy) Disposed to Issuer -5,000 -100% 0 31 Dec 2023 Class A Common Stock 5,000 $35.47 Direct F1, F3
transaction DISH Employee Stock Option (Right to Buy) Disposed to Issuer -5,000 -100% 0 31 Dec 2023 Class A Common Stock 5,000 $32.34 Direct F1, F3
transaction DISH Employee Stock Option (Right to Buy) Disposed to Issuer -5,000 -100% 0 31 Dec 2023 Class A Common Stock 5,000 $32.44 Direct F1, F3
transaction DISH Employee Stock Option (Right to Buy) Disposed to Issuer -5,000 -100% 0 31 Dec 2023 Class A Common Stock 5,000 $14.04 Direct F1, F3
transaction DISH Restricted Stock Units Disposed to Issuer -47 -100% 0 31 Dec 2023 Class A Common Stock 47 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F4 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.
F5 The RSUs vest in three equal annual installments, commencing upon January 1, 2022. 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.