Silver Lake Entities Report Sale of Dell Technologies Stock

Insider Filing Analysis: Dell Technologies Inc. (DELL)

Overview of Transaction

On September 18, 2026, a Form 4 was jointly filed by Silver Lake Group, L.L.C., Egon Durban (Director), and associated Silver Lake entities reporting transactions executed on September 16, 2026. The filing reflects the conversion of 1,053 shares of Class B Common Stock into Class C Common Stock, followed immediately by open-market sales of those 1,053 Class C shares at prices ranging between $560.88 and $573.79 per share, for an aggregate consideration of approximately $598,549.21 (average price of ~$568.42 per share).

Structure of Ownership and Impact

• Entity Directly Disposing: Silver Lake Technology Investors IV, L.P.
• Remaining Holdings: While the specific position in Class C Common Stock held by Silver Lake Technology Investors IV, L.P. was reduced to zero following this sale, the broader Silver Lake entities and Egon Durban continue to hold substantial beneficial ownership, including over 41.49 million shares of Class B Common Stock and over 1.6 million shares of Class C Common Stock across multiple partnerships, direct accounts, and trusts.
• Related Filings: Footnotes note that multiple affiliates executed sales on the same date and filed separate Forms 4 due to SEC EDGAR line-item and reporting person limits.

Market & Trading Significance

The trading significance of this specific Form 4 is categorized as Low. The disposition of 1,053 shares represents an infinitesimal fraction of Silver Lake's overall stake in Dell Technologies Inc. and appears to be part of routine, structured liquidity actions across specific investor vehicles.