Silver Lake Entities Exercise and Sell Dell Technologies Shares

Insider Filing Analysis: Dell Technologies Inc. (NYSE: DELL)

Summary of Activity

On September 17, 2026, Silver Lake entities (including Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., and Silver Lake Group, L.L.C., with Egon Durban serving as a Director) engaged in conversions and open-market sales of Dell Technologies Inc. Class C Common Stock.

• Derivative Exercise/Conversion: Converted 38,139 shares of Class B Common Stock into 38,139 shares of Class C Common Stock on a 1-for-1 basis.
• Open-Market Dispositions: Silver Lake Partners V DE (AIV), L.P. sold a total of 26,550 shares of Class C Common Stock across 15 tranches at weighted average prices ranging from $577.60 to $591.24 per share.
• Total Disposition Value: Approximately $15.55 million.
• Post-Transaction Beneficial Ownership: Following these transactions, Silver Lake Partners V DE (AIV), L.P. indirectly holds 59,331 shares of Class C Common Stock and 8,868,504 shares of convertible Class B Common Stock.

Context and Significance

The transaction represents a standard monetizing conversion and distribution by private equity sponsor Silver Lake. Although substantial in dollar terms (~$15.55 million), it constitutes a fractional percentage of Silver Lake's multi-billion dollar underlying stake across affiliated entities (holding over 41 million Class B shares collectively across related funds), giving it medium trading significance.