Data center News
6 Big Dell Stock And VMware Share Numbers To Know Post Spin-Off
From Dell Technologies shares cutting in half to how much VMware stock Michael Dell now owns, CRN breaks down five key important stock, shareholder and key company information that investors and channel partners should know.
Michael Dell Owns 170 Million Shares Of VMware
The IT industry legend is the largest shareholder of Dell Technologies stock, which means when VMware’s 81 percent stake was spun out to Dell shareholders, Michael Dell became the largest stockholder of VMware.
Michael Dell received 155,005,746 shares of VMware Class A Common Stock, according to a Dell filing with the U.S. Securities and Exchange Commission.
Based on 419,662,495 shares of VMware Class A Common Stock outstanding as of October 29, 2021, Michael Dell’s portion of VMware’s stock is 37 percent, according to the regulatory filing.
However, the roughly 155 million shares exclude 14,272,269 shares of VMware Class A Common Stock owned by Susan Lieberman Dell Separate Property Trust and Susan K. Dell, which Michael Dell may deem to beneficially own, said the SEC filing. The 14.27 million in additional shares represent roughly a 3.4 percent stake in VMware.
This means, in total, that Michael Dell now owns approximately 170 million shares of VMware.
Michael Dell received his 155 million in VMware shares because he owned 346 million shares in Dell Technologies Class A common stock and 6 million shares in Dell Technologies Class C common stock at the time of the transaction, according to SEC filings.