other material
confidence high
sentiment neutral
materiality 0.50
Dell converts 29.6M shares to Class C common; Silver Lake and Michael Dell convert holdings
Dell Technologies Inc.
- Issued 4,625,237 Class C shares upon conversion of Class B by Silver Lake Funds on March 3–4, 2024.
- Issued 25,000,000 Class C shares upon conversion of Class A by Michael S. Dell on March 5, 2024.
- Conversions at one-to-one ratio under certificate of incorporation; exempt under Section 3(a)(9).
- Michael Dell plans open-market sale of 7,000,000 of the converted Class C shares.
- Pre-conversion Class C shares outstanding were 262,220,998 as of January 11, 2024.