$DELL · Dell Technologies Inc.
Dell CFO David Kennedy reported two open-market sales totaling 23,896 shares at an average price of ~$585, generating $13.98M in proceeds. The transactions were not executed under a 10b5-1 trading plan. Kennedy retains 159,201 shares following the sales.
- CFO David Kennedy sold 23,896 shares for $13.98M at prices between $584.98 and $586.03.
- No 10b5-1 trading plan was in effect — the sales were discretionary.
- Post-transaction, Kennedy retains 159,201 shares of Dell stock.
- The sale represents a meaningful cash-out by the company's top financial officer.
After-hours price unavailable; regular session closed at $575.20 (+1.26%). The filing was released after the close, so no regular-session reaction to the CFO sale has occurred yet.
A discretionary $14M sale by the sitting CFO without a 10b5-1 plan is a notable insider signal, even at Dell's scale.
Dell trades at a $382B market cap; the $14M CFO sale is modest relative to size but notable given the absence of a pre-arranged trading plan.
Discretionary CFO sale with no 10b5-1 plan may signal reduced confidence in near-term valuation or outlook.
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