Summary by Futu AI
Silver Lake Partners IV, L.P., a significant stakeholder in Dell Technologies Inc., is set to sell 374,434 shares of Class C Common Stock, with an aggregate market value of approximately $55.85 million. The sale is scheduled for 06/20/2024. These shares were originally acquired on the same date through the conversion of Class B Common Stock, which Silver Lake Partners had obtained back in 2016 directly from the issuer. This transaction follows a series of sales by Silver Lake Partners over the past three months, where they sold a total of 4,446,464 shares, amounting to gross proceeds of nearly $549.73 million.