Summary by Futu AI
Silver Lake Technology Investors V, L.P., a significant stakeholder in Dell Technologies Inc., has announced its intention to sell 12,233 shares of Dell's Class C Common Stock. The sale is expected to take place on 06/18/2024, with an aggregate market value of approximately $1,651,210. These shares were recently acquired through the conversion of Class B Common Stock, which Silver Lake had originally obtained in 2019. The conversions occurred on two separate dates, 06/04/2024 and 06/18/2024, resulting in 8,448 and 3,785 shares of Class C stock, respectively. This planned transaction follows a series of sales over the past three months, where Silver Lake sold a substantial amount of Dell securities, totaling an aggregate market value of over $449 million.