Silver Lake Entities Liquidate 475 Class C Shares of Dell Technologies

Executive Summary

On September 18, 2026, Silver Lake Technology Investors V, L.P., alongside affiliated Silver Lake reporting entities and director Egon Durban, filed a Form 4 disclosing the conversion of 475 shares of Class B Common Stock into Class C Common Stock, followed by the immediate sale of all 475 Class C shares in multiple tranches on September 16, 2026.

Transaction Breakdown

• Security Transacted: Class C Common Stock
• Date of Execution: September 16, 2026
• Total Volume Sold: 475 shares across 12 tranches ranging from $561.56 to $573.28 per share
• Aggregate Consideration: $269,749.56 (Volume-weighted average price of ~$567.89)
• Direct/Indirect Nature: Indirectly held through Silver Lake Technology Investors V, L.P.
• Remaining Holdings in Account: 0 direct/indirect Class C shares for this specific sub-entity; however, affiliate entities and trusts continue to control substantial direct and indirect stakes, including over 41 million shares of convertible Class B Common Stock.

Insider Background & Governance Context

Egon Durban is a Director of Dell Technologies Inc. and CEO/Managing Member of Silver Lake Group, L.L.C. Due to structural deputization rules, Silver Lake entities are deemed directors/10% owners under Section 16.

Materiality & Market Impact

The total disposal size ($269,749.56) is exceptionally small in the context of Dell Technologies' capitalization and Silver Lake's multi-billion dollar stake. As noted in the filing footnotes, this transaction was executed in parallel with similar fractional distributions across various related fund vehicles. Overall trading significance is rated Low.