Silver Lake & Egon Durban Sell $32.25M in Dell Technologies Stock

Insider Disposition Overview: Dell Technologies Inc. (NYSE: DELL)

On September 18, 2026, a joint Form 4 was filed by Silver Lake Group, L.L.C., affiliated investment funds (Silver Lake Partners IV, L.P., Silver Lake Technology Associates IV, L.P., SLTA IV (GP), L.L.C.), and Dell director Egon Durban (CEO and Managing Member of Silver Lake Group), reporting substantial transactions in Dell Technologies Inc. Class C Common Stock executed on September 16, 2026.

Key Transaction Summary

• Conversion Activity: Silver Lake Partners IV converted 71,574 shares of Class B Common Stock to Class C Common Stock on a 1:1 basis.
• Open Market Sales:
  • Silver Lake Partners IV, L.P. (Indirect): Sold 51,494 shares of Class C Common Stock across multiple price tranches ranging from $560.88 to $573.79 per share, totaling approximately $29.24M.
  • Egon Durban (Direct): Sold 5,300 shares of Class C Common Stock in four tranches ranging from $564.80 to $569.80 per share, totaling approximately $3.01M.
  • Combined Sales Total: 56,794 shares for an aggregate gross consideration of $32,252,744.35 at a volume-weighted average price of ~$567.89.

Post-Transaction Holdings

• Following these transactions, Silver Lake Partners IV, L.P. holds 81,555 shares of Class C Common Stock directly and 16,454,211 shares of convertible Class B Common Stock.
• Egon Durban directly holds 1,385,600 shares of Class C Common Stock, plus indirect pecuniary interests held through trusts and various Silver Lake entities.

Trading Significance

This disposition is categorized as High Significance due to the size of the combined sales ($32.25M), the status of Silver Lake and Egon Durban as long-term key sponsor investors and board members, and the multi-entity coordinated nature of the filing.