Dell issues 4.24M Class C shares upon Silver Lake Class B conversions

Dell Technologies Inc.

4,237,699 Class B shares converted to Class C on 8 dates between Mar 2 and Apr 16, 2026.
Holders: SL SPV-2, Silver Lake Partners IV, Technology Investors IV, Partners V DE (AIV), Technology Investors V.
Post-conversion: 325,654,621 Class C shares and 47,789,758 Class B shares outstanding as of Apr 17.
Exempt from registration under Securities Act Section 3(a)(9); no commissions paid.
Class C and Class B shares have identical dividend and liquidation rights.

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