Form 4: Dell Technologies Inc. Reports Beneficial Ownership Changes in SecureWorks Corp. Following Merger with Sophos Inc.

Dell Technologies Inc. reports changes in beneficial ownership of SecureWorks Corp. stock following the completion of a merger with Sophos Inc.

Summary

• This document is a Form 4 filing with the SEC, reporting changes in beneficial ownership of SecureWorks Corp. (SCWX) stock by Dell Technologies Inc., Dell Marketing L.P., and Dell Marketing GP L.L.C.
• The filing is triggered by the completion of the merger between SecureWorks Corp. and Sophos Inc. on February 3, 2025.
• As a result of the merger, each share of Class B Common Stock of SecureWorks Corp. was canceled and converted into the right to receive $8.50 in cash.
• Dell Marketing L.P. directly owned 70,000,000 shares of Class B Common Stock, which were converted to cash.
• Dell Technologies Inc. indirectly owns Dell Marketing L.P. through a chain of subsidiaries.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a merger. It doesn't convey any particularly positive or negative sentiment.

Industry Context

The merger of SecureWorks Corp. with Sophos Inc. reflects ongoing consolidation trends in the cybersecurity industry, where companies seek to expand their capabilities and market reach through strategic acquisitions.

Stakeholder Impact

• Shareholders of SecureWorks Corp. received $8.50 in cash for each share of Class B Common Stock.

Key Dates

Keywords

SecureWorks Corp, Dell Technologies, Sophos Inc, Merger, Form 4, Beneficial Ownership, SCWX, Class B Common Stock