Silver Lake Affiliates Report Multi-Million Dollar Share Sale in Dell Technologies

Transaction Summary

On September 14, 2026, Silver Lake Partners V DE (AIV), L.P. (along with affiliated entities and director Egon Durban) executed a series of open-market sales totaling 14,242 shares of Dell Technologies Inc. (DELL) Class C Common Stock.

Prior to the sales, 20,434 shares of Class B Common Stock were converted on a 1-to-1 basis into Class C Common Stock. The sales were executed in multiple tranches at weighted average prices ranging between $530.67 and $543.04 per share, resulting in an aggregate transaction value of approximately $7.61 million (average price of ~$534.05 per share).

Key Holdings Context

• Position After Transaction: Silver Lake Partners V DE (AIV), L.P. retained 24,237 shares of Class C Common Stock directly and 8,984,126 shares of Class B Common Stock.
• Broader Affiliates: Silver Lake affiliates continue to hold substantial equity stakes, including over 33 million shares of Class B Common Stock and additional Class C shares across associated funds.

Assessment

Given the massive existing multi-million-share position held by Silver Lake entities, this transaction represents a fractional, routine liquidation of converted Class B shares rather than a material change in institutional ownership conviction.