This is a routine administrative conversion with no trading implications. Monitor for further Class B conversions by Silver Lake, which could continue to increase the Class C float incrementally but without price impact as long as conversion remains one-for-one with identical economic rights.
Price Chart
Executive Summary
Dell Technologies filed an 8-K reporting the conversion of 3,438,364 shares of Class B common stock into an equal number of Class C common stock by Silver Lake affiliates between June 1-12, 2026. This is a routine one-for-one conversion per the company's charter, with no new capital raised, no cash consideration, and no change in total equity value or voting structure—the only effect is a gradual reduction in Dell's multi-class share structure.
Key Financial Metrics
Key Facts
- Silver Lake entities converted 3,438,364 Class B shares into Class C common stock on a 1-for-1 basis over 10 trading days in June 2026.
- As of June 15, 2026, Dell had 325,046,693 Class C shares and 44,351,394 Class B shares outstanding.
- No commission or remuneration was paid for the conversions; exemption relied on Section 3(a)(9) of the Securities Act.
- The conversion does not involve any cash proceeds, new issuance, or economic dilution—Class B and Class C have identical dividend and liquidation rights.
Financial Impact
No material financial impact. Total shares outstanding unchanged; conversion shifts shares from Class B to Class C with no dilution or capital raised.
Risk Factors
- None directly from this filing; the continued conversion of remaining 44.4M Class B shares is pre-scheduled and non-economic.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001571996-26-000032 |
| Document: 0001571996-26-000032-index-headers.html | 0001571996-26-000032 |
| Document: 0001571996-26-000032-index.html | 0001571996-26-000032 |
| Document: 0001571996-26-000032.txt | 0001571996-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $563.29 $549.83 | ▲ +2.39% | ▲ +4.95% | $541.74 (+3.83%) |
Sep 15, 2026 16d ago | Insider Cluster | $563.29 $549.83 | ▼ −2.39% | ▼ −4.95% | $541.74 (−3.83%) |
Sep 15, 2026 16d ago | Insider Cluster | $563.29 $549.83 | ▲ +2.39% | ▲ +4.95% | $541.74 (+3.83%) |
Sep 14, 2026 17d ago | 144 | $543.51 $548.92 | ▼ −1.00% | ▲ +1.13% | $541.74 (+0.33%) |
Sep 11, 2026 20d ago | 144 | $534.28 $575.31 | ▼ −7.68% | ▼ −7.57% | $541.74 (−1.40%) |
Sep 11, 2026 20d ago | Insider Cluster | $534.28 $575.31 | ▲ +7.68% | ▲ +7.57% | $541.74 (+1.40%) |
Sep 11, 2026 20d ago | Insider Cluster | $534.28 $575.31 | ▲ +7.68% | ▲ +7.57% | $541.74 (+1.40%) |
Sep 10, 2026 21d ago | Insider Cluster | $567.29 $568.06 | ▼ −0.14% | ▼ −0.36% | $541.74 (+4.50%) |
Sep 10, 2026 21d ago | Insider Cluster | $567.29 $568.06 | ▲ +0.14% | ▲ +0.36% | $541.74 (−4.50%) |
Sep 10, 2026 22d ago | Insider Cluster | $506.62 $588.40 | ▲ +16.14% | ▲ +16.64% | $541.74 (+6.93%) |
US Market Status
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