Silver Lake Files Form 144 for $2.72M Proposed Sale of Dell Technologies Stock

Executive Summary

On September 21, 2026, Silver Lake Group, L.L.C. filed Form 144 with the SEC indicating an intention to sell 4,788 shares of Dell Technologies Inc. (DELL) Class C Common Stock through Merrill Lynch, Pierce, Fenner & Smith Inc. The estimated aggregate market value of the proposed transaction is $2,719,871.28 (approximately $568.06 per share).

Transaction Details

• Security: Class C Common Stock
• Proposed Sale Volume: 4,788 shares
• Aggregate Market Value: $2,719,871.28
• Approximate Sale Date: September 21, 2026
• Shares Outstanding: 315,433,188 Class C shares
• Percentage of Outstanding: ~0.0015%

Acquisition History

The securities to be sold were acquired in a series of pro rata in-kind distributions from affiliate SLTA V (GP), L.L.C. on four dates in 2026:

• 07/10/2026: 1,227 shares
• 09/08/2026: 1,335 shares
• 09/11/2026: 653 shares
• 09/18/2026: 1,573 shares

These distributions represent underlying shares converted from Class B Common Stock acquired in 2019 or earlier.

Context & Recent Selling Activity

Silver Lake and its affiliated partnerships have actively executed sales over the past three months under Rule 144, offloading substantial blocks across multiple investment vehicles (including Silver Lake Partners IV, Silver Lake Partners V, and managing directors such as Egon Durban). This specific notice of 4,788 shares represents a minor fractional liquidation relative to Silver Lake's broad institutional holdings and Dell's overall market capitalization, resulting in a Low trading significance assessment.