Silver Lake Affiliates Report Minor Open Market Sale of Dell Technologies Shares

Executive Summary

On September 16, 2026, Silver Lake Technology Investors IV, L.P., together with affiliated Silver Lake entities and Director Egon Durban, filed a Form 4 detailing transactions in Dell Technologies Inc. ($DELL) executed on September 14, 2026.

The transactions involved the conversion of 555 shares of Class B Common Stock into Class C Common Stock, followed by the immediate sale of all 555 shares across multiple open market tranches at weighted average prices ranging between $530.67 and $543.04 per share. The cumulative disposition value is approximately $295,858.00.

Transaction Breakdown

• Security Transacted: Class C Common Stock (converted 1:1 from Class B Common Stock)
• Transaction Code: M (Conversion) / S (Open Market Sale)
• Aggregate Volume Sold: 555 shares
• Effective Weighted Average Sale Price: ~$533.08 per share
• Total Gross Proceeds: $295,858.00
• Ownership Nature: Indirect (held through Silver Lake Technology Investors IV, L.P.)

Context and Market Significance

• Significance Level: Low
• Holding Impact: While the specific entity Silver Lake Technology Investors IV, L.P. reduced its direct holding of Class C Common Stock to zero, the Silver Lake group and affiliated funds continue to retain tens of millions of Class B and Class C common shares (over 41.8 million Class B shares reported across related vehicles).
• Filing Purpose: Routine liquidity/rebalancing across specialized partnership vehicles.