Silver Lake Affiliate Files Form 144 to Sell $26.2M in Dell Technologies ($DELL)

Executive Summary

On September 8, 2026, SL SPV-2, L.P., an affiliate of Silver Lake, filed a Form 144 notice of proposed sale for 49,949 shares of Dell Technologies Inc. ($DELL) Class C Common Stock, with an aggregate market value of approximately $26.18 million.

Transaction Details

• Filer: SL SPV-2, L.P.
• Relationship: Significant stockholder group member (with Silver Lake partner serving on Dell's Board of Directors).
• Securities Offered: 49,949 Class C Common Shares.
• Aggregate Market Value: $26,180,268.86 (~$524.14 per share).
• Acquisition Origin: Acquired on September 8, 2026, via conversion of Class B Common Stock (initially acquired in 2019).
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Shares Outstanding: 315,433,188 Class C Common Shares.

Recent Selling Activity

Silver Lake-affiliated entities (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, and managing director Egon Durban) have conducted multiple programmatic sales over the past three months across June, July, and September 2026, reflecting ongoing portfolio distribution and monetization.