Silver Lake Entities Report Small Class C Common Stock Sales for Dell Technologies

Dell Technologies Inc. ($DELL) Form 4 Analysis

Overview

On September 16, 2026, Silver Lake Technology Investors V, L.P. (along with affiliated entities including Silver Lake Group, L.L.C., SLTA V (GP), L.L.C., Silver Lake Technology Associates V, L.P., and Director Egon Durban) filed a Form 4 reporting the conversion and subsequent disposition of shares of Class C Common Stock of Dell Technologies Inc. on September 14, 2026.

Transaction Summary

• Conversion (Code M): 251 shares of Class B Common Stock were converted into 251 shares of Class C Common Stock at an exercise price of $0.00.
• Sales (Code S): 251 shares of Class C Common Stock were sold in multiple tranches across price points ranging from $530.06 to $543.46, resulting in an aggregate transaction value of approximately $134,041.60 (weighted average price of ~$534.03 per share).
• Remaining Holdings: Silver Lake Technology Investors V, L.P. holds 0 shares of Class C Common Stock directly following the sale, retaining 110,121 shares of convertible Class B Common Stock, alongside substantial multi-million share positions held across related Silver Lake fund vehicles and affiliates.

Market Significance

This filing represents a minor conversion and sale (251 shares, ~$134k) executed as part of routine fund operations and distributed sales. Given the negligible volume relative to total insider ownership and overall market liquidity, this activity is categorized as Low Significance.