Silver Lake Disposes of $38.2M in Dell Technologies ($DELL) Stock

Executive Summary

On September 8, 2026, a Form 4 was filed by Silver Lake Group, L.L.C. and affiliated reporting owners—including Silver Lake Partners IV, L.P. and Egon Durban (Director of Dell Technologies Inc.)—disclosing derivative conversion and open market sales of Dell Technologies Inc. ($DELL) Class C Common Stock executed on September 3, 2026.

Transaction Breakdown

• Derivative Conversion: 230,683 shares of Class B Common Stock were converted on a 1:1 basis into 230,683 shares of Class C Common Stock (Transaction Code M).
• Open Market Dispositions: Silver Lake Partners IV, L.P. sold a total of 75,285 shares of Class C Common Stock in 16 separate price tranches ranging from $496.59 to $513.12 per share.
• Aggregate Proceeds: Total value realized from the reported sales equals $38,215,412.87 (~$38.22M), with a volume-weighted average price of $507.61 per share.
• Holding Position: Following these transactions, Silver Lake Partners IV, L.P. holds 155,401 shares of Class C Common Stock directly/indirectly, alongside 16,970,320 convertible Class B Common shares.

Significance & Context

This Form 4 represents high-value monetization by a major long-term sponsor and insider director entity. The sales are part of coordinated dispositions across several Silver Lake fund vehicles and affiliates.