What’s the opinion when you read from the SEC that your founder and boss has sold almost a third of his ownership in the company? It’s definitely not a normal sale for diversification purposes. Something is brewing.
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It doesn't matter how many trillions of Class A and B shares he got because those are just insiders holds and are outside the market float. If holders choose to activate them, there will be dilution with the share price value significantly impacted as they are added to the float.
Hence it is why market sites like nasdaq or yahoo finance only reflects Class C shares and at the moment MD only has 16,912,241 or roughly 5% of the company (probably the minimum to be in a BOD)
As someone else said, you're only looking at his Class C stock - he owns much, much more in Class A. So yes, a good sized sale, but no, not something to read too much into.
SEC watches this like a hawk. I’m sure MD has an army of lawyers that make sure it’s legal. As for optics, everyone has an opinion. Stock buybacks used to be illegal but now it is a way to goose stock price and it’s accepted. I don’t agree with it but that’s just me. lol
There are 628 trillion shares of class Z common stock. Nothing to worry about as this was a tiny speck of dust compared to the behemoth of AI goodness being held by the hodlers
Probably related to this $1.5B senior notes debt financing news yesterday. Typically lenders buying senior notes are ensured priority over other creditors in the event of bankruptcy.
https://www.investing.com/news/company-news/dell-technologies-to-issue-15-billion-in-senior-notes-93CH-3646191
Play nice but sell. Sell asap.
Big news Q1 NDA leak.
He owns 330 million shares of stock, he only sold 16 million of Class C stock. He sold a minimal amount and it was predetermined, communicated in advance and approved with the SEC.
He's the king of pump and dump.
And The pumping is not going to last much longer for dell.