Silver Lake Entities Execute $26.3M Sale of Dell Technologies Stock

Overview of Transaction

On September 8, 2026, Silver Lake Group, L.L.C. and affiliated entities, including SL SPV-2, L.P., executed a series of open-market sales totaling 49,949 shares of Dell Technologies Inc. (NYSE: DELL) Class C Common Stock. The sales generated aggregate proceeds of approximately $26.33 million at weighted average prices ranging from $516.27 to $536.40 per share.

Transaction Structure

1. Derivative Conversion: Converted 74,083 shares of Class B Common Stock into Class C Common Stock on a 1:1 basis.
2. Open Market Dispositions: Sold 49,949 shares of Class C Common Stock across 21 tranches.
3. In-Kind Distribution: Distributed 97,315 shares of Class C Common Stock in-kind to partners/members (exempt under Rule 16a-13).

Post-Transaction Holdings

Following these transactions:

• SL SPV-2, L.P. directly retains 24,134 shares of Class C Common Stock and 16,383,250 shares of convertible Class B Common Stock.
• Affiliated Silver Lake entities maintain significant multi-million share holdings in both Class B and Class C common stock.