Silver Lake Files Form 144 to Sell $15.04M in Dell Technologies ($DELL)

Proposed Insider Sale Analysis: Dell Technologies Inc. ($DELL)

Executive Summary

On September 8, 2026, Silver Lake Partners V DE (AIV), L.P. submitted a Form 144 notice disclosing an intention to sell 28,695 shares of Dell Technologies Inc. Class C Common Stock with an estimated aggregate market value of $15,040,197.30 (~$524.14 per share).

Key Transaction Highlights

• Security: Class C Common Stock
• Shares to be Sold: 28,695
• Aggregate Market Value: $15,040,197.30
• Approximate Sale Date: September 8, 2026
• Shares Outstanding: 315,433,188
• Acquisition Source: Converted from Class B Common Stock on September 8, 2026 (originally acquired in 2019).
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.

Context and Historical Activity

This proposed sale is part of an ongoing liquidation program by Silver Lake and its affiliated funds (including Silver Lake Partners IV, SL SPV-2, and related entities). Over the past three months, Silver Lake entities have executed regular sales across several tranches in June, July, and September 2026.

Market Impact & Trading Significance

• Significance Level: Medium
• The proposed volume represents a very small portion (<0.01%) of Dell's 315.43 million shares outstanding, meaning immediate market dilution is minimal. However, sustained divestitures by sponsor-insider Silver Lake remain an important sentiment indicator for long-term holders.