Dell Technologies Inc. reported the issuance of 5,645,560 shares of Class C common stock upon conversion from Class B common stock between June 18, 2024, and July 9, 2024. The conversions were made by several entities within the Silver Lake investment group. Following these transactions, as of July 9, 2024, Dell Technologies has 312,686,669 shares of Class C common stock and 66,359,626 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 under certain conditions. The shares of Class C common stock issued carry the same dividend and liquidation rights as the Class B common stock. These transactions were exempt from registration under the Securities Act of 1933, according to Section 3(a)(9), and no commission was paid for the exchange. Dell Technologies anticipates that any future conversions will also be conducted under the same exemption.

Dell Technologies Inc. reported the issuance of 5,645,560 shares of Class C common stock upon conversion from Class B common stock between June 18, 2024, and July 9, 2024. The conversions were made by several entities within the Silver Lake investment group. Following these transactions, as of July 9, 2024, Dell Technologies has 312,686,669 shares of Class C common stock and 66,359,626 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 under certain conditions. The shares of Class C common stock issued carry the same dividend and liquidation rights as the Class B common stock. These transactions were exempt from registration under the Securities Act of 1933, according to Section 3(a)(9), and no commission was paid for the exchange. Dell Technologies anticipates that any future conversions will also be conducted under the same exemption.