Ergen Two-Year March 2020 DISH GRAT 4
4 · DISH Network CORP · Filed Mar 18, 2021
Insider Transaction Report
Form 4
Ergen Two-Year March 2020 DISH GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2021-03-16−9,644,126→ 7,465,039 total→ Class A Common Stock (9,644,126 underlying)
Holdings
- 22,890,835
Class A Common Stock
Footnotes (2)
- [F1]The holder of 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 March 2020 GRAT, 9,644,126 Class B shares were distributed as an annuity to Mr. Ergen on March 16, 2021. Following this distribution, the Two-Year March 2020 GRAT beneficially owns 22,890,835 Class A shares and 7,465,039 Class B shares. The Two-Year March 2020 GRAT is scheduled to expire in accordance with its terms on March 16, 2022.