This is a routine share class conversion with no economic impact on shareholders; monitor for further changes in Class B shareholdings by Silver Lake, which could lead to additional conversions.
Price Chart
Executive Summary
Dell Technologies issued 4,237,699 shares of Class C common stock upon the conversion of an equal number of Class B shares held by Silver Lake affiliates. The conversion was conducted on a one-to-one basis under the company's charter and does not result in new equity issuance or dilution.
Key Financial Metrics
Key Facts
- 4,237,699 shares of Class C common stock were issued upon one-to-one conversion of Class B shares.
- The conversion was executed by Silver Lake affiliates: SL SPV-2, L.P., Silver Lake Partners IV, L.P., and others.
- No new shares were created; this is a structural conversion from one share class to another.
- The transaction was exempt under Section 3(a)(9) of the Securities Act, with no registration or commission involved.
- Post-conversion, Dell had 325,654,621 Class C shares and 47,789,758 Class B shares outstanding as of April 17, 2026.
Financial Impact
No financial impact — no dilution or capital raise occurred.
Risk Factors
- Potential for future conversions to increase float if more Class B shares are converted and sold.
- Perception of insider activity, given recent insider selling totaling $70.1M in the past 30 days.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001571996-26-000013 |
| Document: 0001571996-26-000013-index-headers.html | 0001571996-26-000013 |
| Document: 0001571996-26-000013-index.html | 0001571996-26-000013 |
| Document: 0001571996-26-000013.txt | 0001571996-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $563.29 $549.83 | ▲ +2.39% | ▲ +4.95% | $554.24 (+1.61%) |
Sep 15, 2026 16d ago | Insider Cluster | $563.29 $549.83 | ▼ −2.39% | ▼ −4.95% | $554.24 (−1.61%) |
Sep 15, 2026 16d ago | Insider Cluster | $563.29 $549.83 | ▲ +2.39% | ▲ +4.95% | $554.24 (+1.61%) |
Sep 14, 2026 17d ago | 144 | $543.51 $548.92 | ▼ −1.00% | ▲ +1.13% | $554.24 (−1.98%) |
Sep 11, 2026 20d ago | 144 | $534.28 $575.31 | ▼ −7.68% | ▼ −7.57% | $554.24 (−3.74%) |
Sep 11, 2026 20d ago | Insider Cluster | $534.28 $575.31 | ▲ +7.68% | ▲ +7.57% | $554.24 (+3.74%) |
Sep 11, 2026 20d ago | Insider Cluster | $534.28 $575.31 | ▲ +7.68% | ▲ +7.57% | $554.24 (+3.74%) |
Sep 10, 2026 21d ago | Insider Cluster | $567.29 $568.06 | ▼ −0.14% | ▼ −0.36% | $554.24 (+2.30%) |
Sep 10, 2026 21d ago | Insider Cluster | $567.29 $568.06 | ▲ +0.14% | ▲ +0.36% | $554.24 (−2.30%) |
Sep 10, 2026 22d ago | Insider Cluster | $506.62 $588.40 | ▲ +16.14% | ▲ +16.64% | $554.24 (+9.40%) |
US Market Status
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