Silver Lake Partners Files Form 144 Notice to Sell $28.55M in Dell Technologies Stock

Executive Summary

On September 17, 2026, Silver Lake Partners IV, L.P. filed a Form 144 notice proposing the sale of 50,688 shares of Dell Technologies Inc. ($DELL) Class C Common Stock, with an estimated aggregate market value of $28,552,043.52 (~$563.29 per share). The broker handling the transaction is Merrill Lynch, Pierce, Fenner & Smith Inc.

Transaction Details

• Security: Class C Common Stock
• Proposed Sale Volume: 50,688 shares
• Aggregate Market Value: $28,552,043.52
• Shares Outstanding: 315,433,188
• Dilution / Ownership Impact: ~0.016% of total outstanding Class C shares
• Acquisition Origin: Acquired on September 17, 2026, via the conversion of Class B Common Stock originally acquired in 2016.

Prior Divestment Context (Past 3 Months)

Silver Lake entities and director affiliate Egon Durban have engaged in extensive selling activity across June, July, and September 2026, executing multiple large-block dispositions totaling hundreds of millions of dollars in gross proceeds across related investment vehicles.

Market Impact & Significance

This filing represents a continuation of private equity sponsor monetization rather than an unexpected executive departure or sudden loss of confidence. However, given the ongoing high-volume divestitures across Silver Lake affiliates, market participants should monitor for potential near-term supply overhang.