other material
confidence high
sentiment neutral
materiality 0.35
Michael Dell converts 25M Class A shares to Class C, reducing voting power
Dell Technologies Inc.
- Michael Dell converted 25,000,000 Class A shares to Class C common stock on Nov 29, 2024.
- Post-conversion, Dell beneficially owns 246,834,081 Class A and 41,912,241 Class C shares.
- Conversion was one-for-one under Dell's certificate of incorporation, exempt from registration via Section 3(a)(9).
- Total Class C shares outstanding after conversion: 357,514,884.