Silver Lake Affiliates Sell ~$40.3M in Dell Technologies ($DELL) Common Stock

Insider Transaction Overview

On September 11, 2026, private equity firm Silver Lake Group, L.L.C. and affiliated reporting owners—including Issuer Director Egon Durban—conducted a series of transactions involving Dell Technologies Inc. ($DELL) securities:

1. Conversion (Code M): Converted 107,040 shares of Class B Common Stock into 107,040 shares of Class C Common Stock on a 1:1 basis.
2. Open-Market Sales (Code S): Sold 72,148 shares of Class C Common Stock across multiple price tranches ranging from $547.11 to $567.71, generating total proceeds of approximately $40.31 million (weighted average price of ~$558.74 per share).
3. In-Kind Distribution (Code J): Distributed 47,386 shares of Class C Common Stock in-kind to equity holders / affiliates.

Ownership Structure & Deputization

• The transactions reported above were executed through SL SPV-2, L.P.
• Egon Durban, a Director of Dell Technologies Inc., is the CEO and a Managing Member of Silver Lake Group, L.L.C. As a result, each of the reporting entities may be deemed a director by deputization.
• Following the sales and distributions, SL SPV-2, L.P. directly retains 34,891 shares of Class C Common Stock and 16,204,862 shares of Class B Common Stock (which remain convertible 1:1 into Class C Common Stock).