Silver Lake Affiliate Files Form 144 to Sell $25.8M of Dell Technologies ($DELL)

Form 144 Filing Analysis: Dell Technologies Inc. ($DELL)

Transaction Overview

On September 4, 2026, SL SPV-2, L.P. (an affiliated entity of Silver Lake Partners) filed a Form 144 notice of proposed sale for 49,947 shares of Dell Technologies Inc. Class C Common Stock with an estimated aggregate market value of $25,792,131.33 (approximately $516.39 per share).

• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Origin of Shares: Acquired on September 4, 2026 via conversion of Class B Common Stock originally acquired in 2019.
• Issuer Outstanding Shares: 325,046,693 Class C Common Shares

Relationship & Past Sales

Silver Lake and its affiliated funds are significant shareholders of Dell Technologies, with board representation. The filing details extensive ongoing programmatic dispositions across Silver Lake entities over the preceding 3-month period (June–September 2026), generating hundreds of millions of dollars in gross proceeds.

Market Impact & Trading Significance

• Significance Level: High
• While the 49,947 shares represent a small portion (~0.015%) of the outstanding Class C Common Stock, it reflects continued monetization by private equity sponsor Silver Lake alongside related transactions filed by other Silver Lake entities.