Silver Lake Files Form 144 to Sell 630 Shares of Dell Technologies ($357.9K)

Executive Summary

On September 21, 2026, Silver Lake Management Company III, L.L.C. filed a Form 144 notifying the SEC of its intent to sell 630 shares of Dell Technologies Inc. (NYSE: DELL) Class C Common Stock through broker Merrill Lynch, Pierce, Fenner & Smith Inc. The estimated aggregate market value of the proposed transaction is $357,877.80, implying an average price per share of approximately $568.06.

Transaction & Security Details

• Security: Class C Common Stock
• Number of Units to be Sold: 630 shares
• Aggregate Market Value: $357,877.80
• Outstanding Shares: 315,433,188
• Approximate Sale Date: September 21, 2026
• Securities Exchange: NYSE
• Source of Shares: Acquired across four tranches between July 10, 2026, and September 18, 2026 (164, 175, 85, and 206 shares, respectively) via pro rata in-kind distributions from affiliate SLTA SPV-2, L.P., which originally converted from Class B Common Stock acquired in 2019 or earlier.

Past 3-Month Trading Activity

The filing documents extensive ongoing liquidation programs by Silver Lake affiliates (including Silver Lake Partners IV, Silver Lake Partners V, SL SPV-2, and board member Egon Durban) over the preceding three months, aggregating to millions of shares and hundreds of millions of dollars in gross proceeds.

Trading Significance

The trading significance of this specific filing is rated Low:

1. Immaterial Volume: The 630 shares represent a negligible fraction (<0.001%) of Dell's 315.4 million outstanding Class C shares.
2. Routine Entity Distributions: The modest block reflects an entity-level distribution and sale rather than a fundamental change in overall Silver Lake positioning, though it is part of an established broader monetization pattern by the sponsor.