Silver Lake Affiliate SL SPV-2 Files Form 144 to Sell $36.55M in Dell Technologies Stock
Dell Technologies Inc.
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Filing Summary
š¢ Form 144 Notice of Proposed Sale | Dell Technologies Inc. ($DELL)
š¤ Seller: SL SPV-2, L.P. (Silver Lake Affiliate) š¼ Relationship: Significant Stockholder / Affiliate of Director š Approx. Sale Date: 2026-09-11
Proposed Transaction: ā¢ Securities: Class C Common Stock ā¢ Shares to be Sold: 72,149 ā¢ Aggregate Market Value: $36,552,126.38 (~$506.62/share) ā¢ Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
Note: Shares acquired on 09/11/2026 upon conversion of Class B Common Stock acquired in 2019.
Comprehensive Analysis
Executive Summary
On September 11, 2026, SL SPV-2, L.P., an investment entity affiliated with private equity firm Silver Lake, filed a Form 144 notice of proposed sale covering 72,149 shares of Dell Technologies Inc. ($DELL) Class C Common Stock. The aggregate estimated market value of the proposed transaction is $36,552,126.38, representing an implied price of approximately $506.62 per share.
Filing & Transaction Details
- Issuer: Dell Technologies Inc. (CIK:
0001571996) - Filer: SL SPV-2, L.P. (CIK:
0001767114) - Relationship: Significant Stockholder / Affiliate of Director (Egon Durban / Silver Lake representation)
- Security Title: Class C Common Stock
- Securities to be Sold: 72,149 shares
- Aggregate Market Value: $36,552,126.38
- Shares Outstanding: 315,433,188
- Execution Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
- Acquisition Origin: Converted from Class B Common Stock on September 11, 2026 (originally acquired in 2019)
Pattern of Recent Disinvestments
This filing forms part of an extensive, ongoing monetization campaign by Silver Lake and its affiliated entities (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, L.P., and managing partner Egon Durban) across June, July, and September 2026:
- September 2026 Activity: Heavy multi-entity distributions and sales across September 3, 4, 8, and 9 totaling tens of millions of dollars.
- SL SPV-2, L.P. Past 3 Months Sales:
- 06/11/2026: 54,093 shares ($20.57M)
- 06/12/2026: 34,257 shares ($13.81M)
- 07/06/2026: 63,204 shares ($25.95M)
- 07/08/2026: 63,095 shares ($26.95M)
- 07/09/2026: 59,493 shares ($26.98M)
- 09/03/2026: 151,531 shares ($77.73M)
- 09/04/2026: 49,947 shares ($26.04M)
- 09/08/2026: 49,949 shares ($26.33M)
- 09/09/2026: 48,096 shares ($25.99M)
Market Implications & Significance
- Significance Level: High
- Strategic Context: Silver Lake continues to execute orderly post-conversion liquidity events following its historic partnership and restructuring with Dell Technologies. Given the large cumulative dollar volume liquidated over recent months, market participants often track these institutional conversion-to-sale patterns closely for potential secondary market supply dynamics.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.