Dell said it issued Class C common stock on March 3, 2024 and March 4 upon converting 4,625,237 shares of Class B common stock held by the Silver Lake Funds, on a one-for-one basis.

1. 01

   Dell said it issued Class C common stock on March 3, 2024 and March 4 upon converting 4,625,237 shares of Class B common stock held by the Silver Lake Funds, on a one-for-one basis.

2. 02

   The company said it issued Class C common stock on March 5, 2024 upon converting 25,000,000 shares of Class A common stock held by Michael S. Dell, and that the issuance was made in part in connection with Mr. Dell's planned open-market sales of 7,000,000 shares.

3. 03

   Dell said that as of January 11, 2024, before the conversions, it had 262,220,998 shares of Class C common stock outstanding, and that Mr. Dell beneficially owned 323,334,081 shares of Class A common stock before the conversions.

4. 04

   The company said holders of Class A and Class B common stock have the right to convert 1 to 1 shares into Class C common stock, and that the issuance was made in reliance on the exemption from registration under Section 3(a)(9) of the Securities Act of 1933.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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