Ergen Two-Year December 2020 DISH GRAT 4
4 · DISH Network CORP · Filed Dec 27, 2021
Insider Transaction Report
Form 4
Transactions
- Gift
Class B Common Stock
2021-12-22−17,701,159→ 24,298,841 total→ Class A Common Stock (17,701,159 underlying)
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 Ergen Two-Year December 2020 DISH GRAT (the "Two-Year December 2020 GRAT"), 17,701,159 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2021. Following this distribution, the Two-Year December 2020 GRAT beneficially owns 24,298,841 Class B shares. The Two-Year December 2020 GRAT is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the Trustee of such GRAT.