Michael Dell Plans Record $2.9 Billion of Share Sales This Year

Michael Dell is on a selling spree.

The chief executive officer of Dell Technologies Inc. intends to sell 10 million shares worth $1.3 billion, according to a regulatory filing dated June 6. Combined with shares worth $1.6 billion he and the Michael & Susan Dell Foundation unloaded earlier this year, 2024 is on track to be his biggest selling year ever.

It would top a previous record set in 1999, when the billionaire sold $1.7 billion worth of Dell stock. The internet bubble burst the following year.

Even after the sales, Dell will own nearly half the Round ...