Silver Lake converts 3.4M Dell Class B shares to Class C common stock over ten trading days

Filed June 17, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• medium

  Silver Lake entities converted 3.4 million Class B shares to Class C common stock on a one-to-one basis across ten consecutive trading days in early June 2026, potentially signaling intent to increase liquidity or adjust voting control.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →
• low

  Following the conversion, Dell had 325 million Class C shares and 44.4 million Class B shares outstanding as of June 15, 2026, updating the company's share count for market cap and ownership structure calculations.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →
• low

  The share conversion was executed under Section 3(a)(9) Securities Act exemption with no registration required and no commissions paid, following standard practice for direct share class exchanges.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →