Silver Lake Affiliate Files Form 144 to Sell Dell Technologies Shares

Executive Summary

On September 17, 2026, Silver Lake Technology Investors IV, L.P. filed a Form 144 notice of proposed sale covering 1,037 shares of Dell Technologies Inc. (DELL) Class C Common Stock, with an estimated market value of $584,131.73 (~$563.29 per share).

Transaction Breakdown

• Security: Class C Common Stock
• Shares to be Sold: 1,037
• Aggregate Market Value: $584,131.73
• Acquisition Origin: Conversion of Class B Common Stock acquired in 2016
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Approximate Date of Sale: September 17, 2026
• Shares Outstanding: 315,433,188

Context & Past 3-Month Selling Activity

While this particular proposed sale is modest in size ($584K), it occurs in the context of persistent, coordinated distribution activity across Silver Lake entities (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, and related management vehicles). Over the preceding three months, Silver Lake affiliates have conducted substantial sales totaling hundreds of millions of dollars across multiple tranches in June, July, and September 2026.

Trading Significance

Significance Rating: Low. The filing represents a negligible percentage (<0.001%) of Dell Technologies' 315.4 million outstanding shares. Given the minimal absolute dollar amount and that market participants are well aware of Silver Lake's long-term monetization plan following the 2016 EMC transaction, market impact from this specific transaction is anticipated to be negligible.