Dell Technologies said it issued a total of 5,645,560 shares of Class C common stock on June 18, 2024, June 20, July 3, July 8 and July 9 upon the conversion of an equal number of Class B common stock shares.

1. 01

   Dell Technologies said it issued a total of 5,645,560 shares of Class C common stock on June 18, 2024, June 20, July 3, July 8 and July 9 upon the conversion of an equal number of Class B common stock shares.

2. 02

   The company said that as of July 9, 2024, after giving effect to the conversions, 312,686,669 shares of Class C common stock and 66,359,626 shares of Class B common stock were outstanding.

3. 03

   The company said the converted Class B common stock was held by 5 entities, including SL SPV-2, L.P. and Silver Lake Partners IV, L.P. Under the certificate of incorporation, holders of Class B common stock may convert at any time into Class C common stock on a 1-for-1 basis, and the shares automatically convert upon certain transfers.

4. 04

   The company said the issuance of the Class C common stock was made without registration in reliance on the exemption from registration under Section 3(a)(9) of the Securities Act of 1933, and no commission or other remuneration was paid for soliciting the exchange.

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