Dell Technologies Inc. has reported the issuance of 4,288,259 shares of Class C common stock upon the conversion of an equal number of Class B common stock shares. This transaction involved major stakeholders including SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors V, L.P. The conversions took place over three dates: April 4, June 3, and June 4, 2024. Following these conversions, Dell Technologies now has 309,036,606 shares of Class C Common Stock and 72,005,186 shares of Class B Common Stock outstanding. The company's certificate of incorporation allows Class B shareholders to convert their shares to Class C on a one-to-one...Show More

Dell Technologies Inc. has reported the issuance of 4,288,259 shares of Class C common stock upon the conversion of an equal number of Class B common stock shares. This transaction involved major stakeholders including SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors V, L.P. The conversions took place over three dates: April 4, June 3, and June 4, 2024. Following these conversions, Dell Technologies now has 309,036,606 shares of Class C Common Stock and 72,005,186 shares of Class B Common Stock outstanding. The company's certificate of incorporation allows Class B shareholders to convert their shares to Class C on a one-to-one basis at any time, with automatic conversion upon certain transfers. Both classes share equal dividend and liquidation rights. The issuance was executed in accordance with the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, with no commission or remuneration paid for the exchange. Future conversions of Class A or Class B stock to Class C are also expected to be made under the same exemption. The report was officially signed by Christopher A. Garcia, Senior Vice President and Assistant Secretary of Dell Technologies, on June 10, 2024.