Kathleen Q. Abernathy - 31 Dec 2023 Form 4 Insider Report for DISH Network CORP (DISH)

Role: Director
Signature: /s/ Kathleen Q. Abernathy, by Timothy A. Messner, Attorney-in-Fact
Issuer symbol: DISH
Transactions as of: 31 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2024, 20:07:48 UTC
Previous filing: 03 Jan 2023
Next filing: 03 Apr 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DISH	Non-Employee Director Stock Option	Disposed to Issuer	-8,750	-100%	31 Dec 2023	Class A Common Stock	8,750	$33.14	Direct	F1, F2
transaction	DISH	Non-Employee Director Stock Option	Disposed to Issuer	-5,000	-100%	31 Dec 2023	Class A Common Stock	5,000	$35.47	Direct	F1, F2
transaction	DISH	Non-Employee Director Stock Option	Disposed to Issuer	-5,000	-100%	31 Dec 2023	Class A Common Stock	5,000	$32.34	Direct	F1, F2
transaction	DISH	Non-Employee Director Stock Option	Disposed to Issuer	-5,000	-100%	31 Dec 2023	Class A Common Stock	5,000	$32.44	Direct	F1, F2
transaction	DISH	Non-Employee Director Stock Option	Disposed to Issuer	-5,000	-100%	31 Dec 2023	Class A Common Stock	5,000	$14.04	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kathleen Q. Abernathy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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.
F2	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").

Content

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.

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").