Silver Lake Affiliates Convert and Sell 474 Shares of Dell Technologies

Executive Summary

On September 17, 2026, Silver Lake Group affiliates and Director Egon Durban reported transactions in Dell Technologies Inc. (DELL) Class C Common Stock dated September 15, 2026. The transaction involved the conversion of 474 shares of Class B Common Stock to Class C Common Stock, followed by the immediate sale of all 474 shares in multiple open-market tranches at prices ranging between $542.23 and $565.00 per share, generating aggregate gross proceeds of approximately $263,126.

Key Transaction Highlights

• Security Transacted: Class C Common Stock (via conversion of Class B Common Stock).
• Volume & Value: 474 shares sold for an aggregate total of $263,126.07 (weighted average price of ~$555.12 per share).
• Ownership Context: This transaction liquidates the direct holdings of Class C shares specifically held under Silver Lake Technology Investors V, L.P. However, Silver Lake entities continue to beneficially control over 41.8 million shares of Class B Common Stock and substantial Class C Common Stock across related partnerships.

Trading Significance

This trade is evaluated as Low significance due to the very small size of the transaction (474 shares, ~$263K) relative to Dell's overall market capitalization and Silver Lake's multi-million share stake in Dell Technologies.