share_log

Dell Technologies | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC ·  Jul 10 06:46

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.
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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.