Silver Lake Entities Execute Routine Share Sales in Dell Technologies Inc.

Executive Summary

On September 15, 2026, Silver Lake Technology Investors V, L.P. and associated reporting owners (including Egon Durban and Silver Lake Group, L.L.C.) filed a Form 4 reporting transactions in Dell Technologies Inc. ($DELL). On September 11, 2026, the fund converted 729 shares of Class B Common Stock into Class C Common Stock and subsequently disposed of all 729 shares in multiple open market tranches at prices ranging between $547.11 and $567.71 per share, generating aggregate gross proceeds of approximately $409,325.75.

Transaction Breakdown

• Conversion: Converted 729 shares of Class B Common Stock into Class C Common Stock (Code M) on a 1-for-1 basis.
• Dispositions: Sold 729 shares of Class C Common Stock across 20 separate price brackets (Code S) at a volume-weighted average price of ~$561.49 per share.
• Direct/Indirect Status: Indirectly held through Silver Lake Technology Investors V, L.P.
• Remaining Holdings: While this specific vehicle reduced its Class C Common Stock holding to 0, Silver Lake affiliates maintain tens of millions of Class B Common Stock shares (over 42 million shares) and multi-million share indirect/direct stakes across other affiliated funds and managing members.

Significance & Context

Given the relatively small scale of this transaction ($409K) compared to Silver Lake's multi-billion dollar aggregate position in Dell Technologies, this filing represents routine administrative rebalancing/in-kind distribution mechanics rather than a material shift in institutional conviction.