Dell issues 4.6M Class C shares on conversion of Silver Lake Class B stock

Dell Technologies Inc.

On Jan 12 and 16, 2024, Dell issued 321,561 and 4,253,469 Class C shares, respectively, upon 1:1 conversion of Class B held by Silver Lake Funds.
Silver Lake reported conversions were for pro rata distributions to participants and, in some cases, sales of the shares.
Before conversions, Class C shares outstanding were 262,220,998; new Class C shares represent ~1.7% increase.
Issuance exempt from registration under Securities Act Section 3(a)(9); no commission paid.

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