Silver Lake Entities Liquidate ~$14.93M of Dell Technologies (DELL) Class C Stock

Overview of the Transaction

On September 9, 2026, Silver Lake Partners V DE (AIV), L.P.—part of the 10% owner and director-by-deputization group affiliated with Silver Lake and director Egon Durban—executed a multi-tranche sale of 27,629 shares of Dell Technologies Inc. (DELL) Class C Common Stock. The aggregate gross consideration generated from these open-market sales was approximately $14.93 million, executed at weighted average prices ranging between $534.09 and $550.71 per share (weighted average: ~$540.39).

Prior to the sales on the same transaction date, the entity converted 39,647 shares of Class B Common Stock into Class C Common Stock on a 1-for-1 basis (Transaction Code M).

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Transaction Breakdown

• Security Transacted: Class C Common Stock ($0.01 par value)
• Conversion Inflow: 39,647 Class B shares converted to Class C shares
• Total Shares Sold: 27,629 shares across 16 open-market disposition tranches (Code S)
• Weighted Average Sale Price: ~$540.39 per share
• Total Transaction Value: $14,930,327.38
• Ownership Post-Transaction: 24,488 Class C shares held directly by Silver Lake Partners V DE (AIV), L.P. (and 9,064,039 Class B Common shares remaining in this specific vehicle).

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Ownership Structure & Context

1. Affiliated Entities & Reporting Group: The filing is jointly submitted on behalf of Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., and Egon Durban (Director).
2. Underlying Position: Across all Silver Lake affiliates and affiliated trusts, the sponsor continues to maintain tens of millions of shares of Class B convertible common stock (over 33.4 million shares across related funds), meaning this disposition represents a small, fractional rebalancing of overall equity exposure.