Silver Lake Affiliate SL SPV-2 Files Form 144 to Sell $25.1M in Dell Technologies Stock

Form 144 Analysis: Dell Technologies Inc. ($DELL)

Transaction Overview

On September 15, 2026, SL SPV-2, L.P., an affiliate of Silver Lake Partners and a significant shareholder in Dell Technologies Inc., filed a Form 144 notice of proposed sale for 46,990 shares of Class C Common Stock. The aggregate market value of the proposed transaction is $25,105,817.20, implying an average price of approximately $534.28 per share.

Key Filing Details

• Issuer: Dell Technologies Inc. (CIK: 0001571996)
• Filer: SL SPV-2, L.P. (CIK: 0001767114)
• Relationship: Significant stockholder; an executive of an affiliate (Silver Lake / Egon Durban) serves on Dell's Board of Directors.
• Securities Offered: 46,990 shares of Class C Common Stock.
• Origin of Shares: Conversion of Class B Common Stock on September 15, 2026 (originally acquired in 2019).
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Shares Outstanding: 315,433,188 shares.

Historical Context & Trading Significance

This filing follows a continuous series of coordinated partial liquidations by Silver Lake affiliates (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, and board member Egon Durban) over the preceding three months across June, July, and September 2026. The proposed sale of $25.11M represents regular portfolio realization by the private equity sponsor.