CEO Michael Dell converts 25M Class A shares to Class C for planned charitable donations

Dell Technologies Inc.

On Dec 1, 2023, Michael Dell converted 22.5M Class A shares; Trust converted 2.5M Class A shares.
25M Class C shares issued upon conversion; no new shares created as conversion is one-to-one.
Conversion done in connection with anticipated future charitable donations by Dell and Trust.
Exemption relied on under Section 3(a)(9) of Securities Act; no commission paid.
As of Nov 30, 2023, Class C shares outstanding were 243M; after conversion, Class C increased to 268M.

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