Silver Lake Entities & Director Egon Durban Sell Over $30.7M in Dell Technologies Stock

Overview

On September 21, 2026, Silver Lake Group, L.L.C. along with affiliated funds and Director Egon Durban filed Form 4 reporting dispositions of Dell Technologies Inc. (DELL) Class C Common Stock completed on September 17, 2026.

Transaction Summary

• Derivative Exercise/Conversion: Silver Lake Partners IV, L.P. converted 70,460 shares of Class B Common Stock into Class C Common Stock at no purchase cost.
• Open Market Dispositions:
  • Indirect (Silver Lake Partners IV, L.P.): Disposed of 50,688 shares in 15 separate weighted-average price brackets between $577.60 and $591.24 per share, totaling approximately $29.70M in proceeds.
  • Direct (Egon Durban): Sold 1,800 shares directly at a weighted average price of $582.01, yielding $1.05M in proceeds.
• Aggregate Proceeds: ~$30.75M across 52,488 shares sold.

Ownership Structure Post-Transaction

• Silver Lake Partners IV, L.P. retained 101,327 Class C shares and 16,383,751 Class B shares.
• Egon Durban directly retained 1,383,800 Class C shares, alongside substantial holdings across affiliated trusts and Silver Lake partnerships.

Significance

This represents a substantial liquidation by a major institutional sponsor and director, consistent with periodic block monetizations through converted Class B stock.