Silver Lake Files Form 144 Notice to Sell $21M of Dell Technologies (DELL) Stock

Executive Summary

On September 11, 2026, Silver Lake Partners V DE (AIV), L.P., a major institutional shareholder of Dell Technologies Inc. ($DELL), filed Form 144 signaling an intention to sell 41,434 shares of Class C Common Stock with an estimated aggregate market value of $20,991,293.08 (approx. $506.62 per share).

Key Transaction Details

• Issuer: Dell Technologies Inc. (CIK: 0001571996)
• Filer: Silver Lake Partners V DE (AIV), L.P. (CIK: 0001737659)
• Securities to be Sold: 41,434 shares of Class C Common Stock
• Market Value: $20,991,293.08
• Shares Outstanding: 315,433,188
• Acquisition Origin: Acquired on 09/11/2026 via conversion of Class B Common Stock (initially acquired in 2019).
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.

Historical Context & Recent Sales

Silver Lake and its affiliated entities have engaged in structured dispositions of Dell stock over the preceding 3-month window, including multiple block sales executed across June, July, and early September 2026 by related entities (Silver Lake Partners IV, SL SPV-2, and board member Egon Durban).

Market Impact & Significance

• Impact: Medium. The proposed transaction is part of an ongoing monetization program by private equity sponsor Silver Lake.
• Dilution / Float Impact: Minimal relative to Dell's total outstanding shares (~0.013% of common stock), though indicative of continued institutional distribution.