Silver Lake Affiliates Sell ~68.5K Shares of Dell Technologies for ~$35M

Transaction Analysis: Silver Lake Affiliates Sell Dell Technologies ($DELL) Shares

Summary of Activity

On September 3, 2026, SL SPV-2, L.P., alongside affiliated entities and Managing Member/Director Egon Durban (Silver Lake Group, L.L.C.), executed a series of open-market sales of Dell Technologies Inc. ($DELL) Class C Common Stock.

• Conversion: 224,716 shares of Class B Common Stock were converted on a 1-for-1 basis into Class C Common Stock.
• Dispositions: Out of the converted shares, 68,525 Class C shares were sold across 17 distinct price tranches ranging from $496.59 to $513.12 per share.
• Gross Proceeds: Total proceeds from the sales amounted to approximately $34.98 million, reflecting a volume-weighted average price of ~$510.53 per share.
• Remaining Holdings: Following the sale, SL SPV-2, L.P. retained 156,191 Class C shares and 16,531,410 Class B shares (with additional substantial Class B holdings held through other Silver Lake vehicles).

Market & Insider Context

• Role & Affiliation: Egon Durban is a Co-CEO and Managing Member of Silver Lake Group, L.L.C. and serves on Dell's Board of Directors. The reporting entities collectively hold significant equity positions representing over 10% voting/beneficial power.
• Significance: Large institutional monetization by a principal sponsor and director-affiliated entity represents a significant transaction size (~$35M), though it reflects only a minor fraction of Silver Lake's aggregate multi-million share stake in Dell.