Summary by Futu AI
Michael S. Dell, the founder and CEO of Dell Technologies, has filed an Amendment No. 5 to Schedule 13G with the Securities and Exchange Commission on November 12, 2024, indicating a significant ownership stake in the company. The filing reveals that Michael S. Dell beneficially owns 288,746,322 shares of Dell Technologies' Class C Common Stock, which represents 47.7% of the class. This ownership percentage is based on the assumption that all shares of Class A Common Stock, which are convertible into Class C Common Stock on a one-to-one basis, have been converted. The total number of Class C Common Stock shares issued and outstanding as of September 18, 2024, is 333,874,468. The filing was made under Rule 13d-1(d) of the Securities Exchange Act of 1934, and it specifies that Michael S. Dell has sole voting and dispositive power over the shares owned.