Summary by Futu AI
Silver Lake Partners IV, L.P., a significant investor in Dell Technologies Inc., is set to sell 414,736 shares of Class C Common Stock on July 9, 2024. The shares to be sold were originally acquired on the same date through the conversion of Class B Common Stock, which Silver Lake Partners had obtained in 2016 directly from the issuer. This transaction follows a series of sales by Silver Lake Partners over the past three months, where a total of 3,729,271 shares were sold for gross proceeds of approximately $549.78 million. The upcoming sale represents a continuation of Silver Lake Partners' strategy to divest its holdings in Dell Technologies.