SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ERGEN CHARLES W

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DISH Network CORP [ DISH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CHAIRMAN
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 2,817 I I(1)
Class A Common Stock 10,957 I I(2)
Class A Common Stock 2,168,975 I I(3)
Class A Common Stock 6,699,489 I I(4)
Class A Common Stock 21,589 I I(5)
Class A Common Stock 26,000,000 I I(6)
Class A Common Stock 448 I I(7)
Class A Common Stock 85,582 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (8) 06/26/2023 G(9) 89,500,000 (8) (8) Class A Common Stock 89,500,000 $0 161,240 D
Class B Common Stock (8) 06/26/2023 G(9) 89,500,000 (8) (8) Class A Common Stock 89,500,000 $0 89,500,000 I I(9)
Class B Common Stock (8) (8) (8) Class A Common Stock 28,000,000 28,000,000 I I(6)
Class B Common Stock (8) (8) (8) Class A Common Stock 1,983,348 1,983,348 I I(10)
Class B Common Stock (8) (8) (8) Class A Common Stock 63,790,620 63,790,620 I I(4)
Class B Common Stock (8) (8) (8) Class A Common Stock 55,000,000 55,000,000 I I(11)
1. Name and Address of Reporting Person*
ERGEN CHARLES W

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CHAIRMAN
1. Name and Address of Reporting Person*
ERGEN CANTEY

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) X Other (specify below)
SENIOR ADVISOR
Explanation of Responses:
1. Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse, in a 401(k) account.
2. The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
3. The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein.
4. The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
5. Held by Mr. Ergen in a 401(k) account.
6. The Ergen Two-Year May 2023 DISH GRAT holds 26,000,000 Class A shares and 28,000,000 Class B shares and is scheduled to expire in accordance with its terms on May 12, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
7. Held by Mrs. Ergen, Mr. Ergen's spouse.
8. 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.
9. On June 26, 2023, Charles W. Ergen established the Ergen Two-Year June 2023 DISH GRAT (the "Two-Year June 2023 DISH GRAT") and contributed 89,500,000 Class B shares to the Two-Year June 2023 DISH GRAT. The Two-Year June 2023 DISH GRAT 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. The Two-Year June 2023 DISH GRAT is scheduled to expire in accordance with its terms on June 26, 2025. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
10. The Ergen Two-Year December 2021 DISH GRAT holds 1,983,348 Class B shares and is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
11. The Ergen Two-Year December 2022 DISH GRAT holds 55,000,000 Class B shares and is scheduled to expire in accordance with its terms on December 22, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
/s/ Cantey M. Ergen, by Timothy A. Messner, Attorney-in-Fact 06/28/2023
/s/ Charles W. Ergen, by Timothy A. Messner, Attorney-in-Fact 06/28/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.