Summary by Moomoo AI
Dell Technologies Inc. reported significant stock conversions involving its Class A and Class B common stock into Class C common stock. On March 3 and 4, 2024, a total of 4,625,237 shares of Class C common stock were issued upon conversion of an equal number of Class B shares held by various Silver Lake Funds. These conversions were part of distributions to participants and some sales by the funds and their affiliates. Additionally, on March 5, 2024, Dell's Chairman and CEO, Michael S. Dell, converted 25,000,000 shares of Class A common stock into Class C common stock. This conversion was partially related to Mr. Dell's proposed open-market sale of 7,000,000 shares of Class C common stock. Prior to these transactions, Mr. Dell beneficially owned over...Show More