Summary by Futu AI
Silver Lake Management Company IV, L.L.C., associated with Dell Technologies Inc., is set to sell 8,247 shares of Dell's Class C Common Stock on 07/16/2024, with an aggregate market value of $1,131,653.34. The shares to be sold were acquired through a series of pro rata in-kind distributions from affiliates, specifically from Silver Lake Participation Partnership, L.P., following the conversion of Class B Common Stock, which was initially acquired in 2019 or earlier. This planned transaction follows a pattern of significant sales activity by Silver Lake Management over the past three months, during which a total of 4,746,158 shares were sold, resulting in gross proceeds of approximately $698.91 million.