---
schema_version: "secwatch.filing_event.v1"
accession: "0001571996-25-000107"
form_type: "8-K"
ticker: "DELL"
cik: "0001571996"
company_name: "Dell Technologies Inc."
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:33:54.056234+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Silver Lake converts 3.9M Class B shares to Class C common stock

## Summary
- 3,915,292 Class B shares converted to Class C stock on four dates in September 2025.
- After conversion, Class C outstanding: 338,646,945; Class B outstanding: 54,790,897.
- Conversion done via Section 3(a)(9) exemption; no commission paid.
- Class C shares have same dividend and liquidation rights as Class B.

## SEC filing metadata
- accession: 0001571996-25-000107
- form_type: 8-K
- ticker: DELL
- cik: 0001571996
- company_name: Dell Technologies Inc.
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571996/000157199625000107/0001571996-25-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571996/000157199625000107/dell-20250922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001571996-25-000107
- JSON: https://secwatch.observer/filing/0001571996-25-000107.json
- Plain text: https://secwatch.observer/filing/0001571996-25-000107.txt

## Key facts
- Equity Issuances
  Dell Technologies Inc. issued 3,915,292 shares of common stock to SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., Silver Lake Partners V DE (AIV), L.P. and Silver Lake Technology Investors V, L.P..
  - Security: common stock
  - Shares: 3,915,292 shares
  - Purchaser: SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., Silver Lake Partners V DE (AIV), L.P. and Silver Lake Technology Investors V, L.P.
  source text: On September 15, 2025, September 17, 2025, September 18, 2025, September 19, 2025 and September 22, 2025, Dell Technologies Inc. (the “Company”) issued an aggregate of 3,915,292 shares of the Company’s Class C common stock (the “Class C Common Stock”) upon conversion of the same number of shares of the Company’s Class B common stock (the “Class B Common Stock”) held by SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., Silver Lake Partners V DE (AIV), L.P. and Silver Lake Technology Investors V, L.P.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571996/000157199625000107/0001571996-25-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.