Ergen Two-Year May 2022 DISH GRAT 4
4 · DISH Network CORP · Filed May 16, 2023
Insider Transaction Report
Form 4
Ergen Two-Year May 2022 DISH GRAT
10% Owner
Transactions
- Gift
Class A Common Stock
2023-05-12−25,000,000→ 0 total - Gift
Class B Common Stock
2023-05-12−22,800,000→ 0 total→ Class A Common Stock (22,800,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Two-Year May 2022 DISH GRAT, all 25,000,000 Class A shares and 22,800,000 Class B shares held by the Two-Year May 2022 GRAT were distributed as an annuity to Mr. Ergen on May 12, 2023. Following this distribution, the Two-Year May 2022 GRAT expired in accordance with its terms.
- [F2]The holder of the 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.