Silver Lake Affiliate Files Form 144 to Sell $25.7M in Dell Technologies Stock

Executive Summary

On September 9, 2026, SL SPV-2, L.P., an investment entity affiliated with private equity sponsor Silver Lake, filed a Form 144 notice of proposed sale covering 48,096 shares of Dell Technologies Inc. ($DELL) Class C Common Stock. The proposed transaction carries an estimated aggregate market value of $25,677,492.48 (approximately $533.88 per share).

Transaction Details

• Security: Class C Common Stock
• Shares Proposed to be Sold: 48,096
• Aggregate Market Value: $25,677,492.48
• Shares Outstanding: 315,433,188 Class C Common shares
• Acquisition Nature: Acquired on September 9, 2026, via the conversion of Class B Common Stock originally acquired in 2019.
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Planned Execution Venue: NYSE

Historical Context & Selling Activity

This filing represents part of a broader, sustained monetisation and rebalancing program by Silver Lake entities and managing partners (including Egon Durban, who serves on Dell's board of directors). Over the preceding three months (June through September 2026), Silver Lake funds and related entities have executed extensive multi-million-dollar sales across consecutive trading windows following Class B to Class C stock conversions.