Form 4: Dell Technologies CEO Michael Dell Sells Shares in September 2024

Michael Dell, CEO of Dell Technologies, executed multiple sales of Class C Common Stock between September 6 and September 10, 2024.

Summary

• Michael Dell, the CEO of Dell Technologies, sold shares of Class C Common Stock between September 6 and September 10, 2024.
• The sales were executed at varying prices, ranging from approximately $101.43 to $107.68 per share.
• On September 6, 2024, he sold 195,574 shares at a weighted average price of $102.01 and 25,886 shares at a weighted average price of $102.52.
• On September 9, 2024, he sold 385,846 shares at a weighted average price of $105.91, 1,194,911 shares at a weighted average price of $106.77, and 259,202 shares at a weighted average price of $107.41.
• On September 10, 2024, he sold 598,397 shares at a weighted average price of $106.21 and 737,649 shares at a weighted average price of $107.
• Following these transactions, Michael Dell directly owns 17,014,776 shares of Class C Common Stock and indirectly owns 1,380,000 shares through the Susan Lieberman Dell Separate Property Trust.
• He disclaims beneficial ownership of the shares held by the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by the CEO. It's neutral in tone and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. However, large or frequent sales can sometimes be viewed with caution by investors.

Stakeholder Impact

• Shareholders may react to the news of the CEO selling shares, although such sales are not always indicative of negative sentiment.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal unless the sales are perceived as a sign of deeper issues within the company.

Key Dates