Silver Lake Entities & Egon Durban Report Sale of Class C Common Stock

Executive Summary

On September 11, 2026, a Form 4 was filed on behalf of Silver Lake Group, L.L.C., affiliated Silver Lake funds, and director Egon Durban, reporting the conversion of 1,078 shares of Class B Common Stock into Class C Common Stock and subsequent open-market sales on September 9, 2026.

Transaction Breakdown

• Conversion (Code M): 1,078 shares of Class B Common Stock converted to Class C Common Stock on a 1-to-1 basis.
• Sales (Code S): 1,078 shares of Class C Common Stock were sold across multiple tranches at weighted average prices ranging between $534.09 and $550.71 per share.
• Aggregate Proceeds: ~$580,887.74.
• Remaining Indirect Holdings (Investors IV, L.P.): 0 shares of Class C Common Stock and 246,373 shares of Class B Common Stock.
• Overall Affiliated Holdings: Silver Lake entities and Egon Durban retain tens of millions of shares across direct and indirect holdings, including over 42 million shares of Class B Common Stock.

Significance Assessment

This transaction represents a routine disposition of a very small fraction of the broader Silver Lake holding in Dell Technologies Inc., categorizing its overall market and governance significance as Low.