Dell Technologies disclosed that investment funds affiliated with Silver Lake converted a total of 3.44 million shares of Class B common stock into an equal number of Class C common stock shares. The conversion allows the less liquid Class B shares to be changed into the publicly traded Class C shares on a one-to-one basis.
Key Details
- Shares Converted: An aggregate of 3,438,364 Class B shares were converted into the same number of Class C shares.
- Timeline: The transactions occurred on multiple dates between June 1, 2026, and June 12, 2026.
- Post-Conversion Share Count: As of June 15, 2026, Dell had 325,046,693 Class C shares and 44,351,394 Class B shares outstanding.
- Registration Status: The new Class C shares were issued without registration, relying on the exemption provided by Section 3(a)(9) of the Securities Act of 1933.