Silver Lake Group Divests ~$20.0M of Dell Technologies ($DELL) Class C Shares

Insider Transaction Analysis: Dell Technologies Inc. ($DELL)

Executive Summary

On September 3, 2026, Silver Lake Group, L.L.C. and affiliated entities—along with Director Egon Durban—executed a series of open-market sales of Dell Technologies Inc. Class C Common Stock totaling 39,375 shares for gross proceeds of approximately $19.99 million at a weighted average price of approximately $507.65 per share.

Prior to the sales, Silver Lake converted 124,869 shares of Class B Common Stock into Class C Common Stock on a 1-to-1 basis.

---

Key Transaction Highlights

• Security Transacted: Class C Common Stock (via conversion of Class B Common Stock)
• Shares Sold: 39,375 shares across multiple price tranches ranging from $496.23 to $513.55
• Aggregate Proceeds: ~$19,988,665
• Post-Transaction Holdings (Silver Lake Partners V DE (AIV), L.P.): 85,494 shares of Class C Common Stock and 9,186,013 shares of Class B Common Stock remaining indirectly held

---

Reporting Entity Ownership Structure

• The transactions were executed directly through Silver Lake Partners V DE (AIV), L.P.
• Managed upstream through Silver Lake Technology Associates V, L.P. and SLTA V (GP), L.L.C., with Silver Lake Group, L.L.C. serving as the ultimate managing member.
• Egon Durban, Co-CEO and Managing Member of Silver Lake Group, serves as a Director of Dell Technologies Inc.