Ergen Two-Year June 2020 DISH GRAT 4
4 · DISH Network CORP · Filed Jun 3, 2021
Insider Transaction Report
Form 4
Ergen Two-Year June 2020 DISH GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2021-06-02−19,861,182→ 40,138,818 total→ Class A Common Stock (19,861,182 underlying)
Footnotes (2)
- [F1]The holder of the shares of Class B stock 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 June 2020 GRAT, 19,861,182 Class B shares were distributed as an annuity to Mr. Ergen on June 2, 2021. Following this distribution, the Two-Year June 2020 GRAT beneficially owns 40,138,818 Class B shares. The Two-Year June 2020 GRAT is scheduled to expire in accordance with its terms on June 2, 2022.