[144] Dell Technologies Inc. SEC Filing
Michael Dell, CEO of Dell Technologies, Plans Major Stock Sale
Dell Technologies CEO Michael Dell has filed Form 144 indicating his intention to sell 10 million shares of Class C stock through Merrill Lynch, with an aggregate market value of $1.22 billion. The planned sale represents approximately 2.9% of total outstanding Class C shares (339.7 million shares).
The securities were originally acquired on September 7, 2016 as consideration during a merger/acquisition transaction. The proposed sale is scheduled for June 26, 2025 on the NYSE. Mr. Dell has confirmed through his signature that he has no knowledge of undisclosed material adverse information regarding Dell Technologies' operations.
Notable details:
- No other securities sales reported by Mr. Dell in the past 3 months
- Transaction represents significant insider sale by company founder
- Sale to be executed through Merrill Lynch's New York office
- None.
- None.