Silver Lake Management Co IV Files Form 144 to Sell Dell Technologies Shares

Overview of the Filing

On September 21, 2026, Silver Lake Management Company IV, L.L.C. filed a Form 144 notice of proposed sale of securities with the U.S. Securities and Exchange Commission (SEC) for Dell Technologies Inc. ($DELL).

• Issuer: Dell Technologies Inc. (CIK: 0001571996)
• Reporting Entity: Silver Lake Management Company IV, L.L.C. (CIK: 0001972002)
• Relationship: Significant Stockholder and Director Affiliate (an executive of an affiliate serves on Dell's Board of Directors)
• Proposed Sale: 625 shares of Class C Common Stock
• Estimated Aggregate Market Value: $355,037.50 (~$568.06 per share)
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.

Source and History of Shares

The 625 shares being sold were acquired through a series of pro rata in-kind distributions from Silver Lake Participation Partnership, L.P. (which received shares from Silver Lake Technology Associates IV, L.P.) following conversions of Class B Common Stock acquired in 2019 or earlier:

• 5 shares on July 10, 2026
• 5 shares on September 8, 2026
• 121 shares on September 11, 2026
• 494 shares on September 18, 2026

Trading Significance

The trading significance is assessed as Low:

1. Volume: The proposed sale of 625 shares represents a negligible fraction of Dell's 315,433,188 shares outstanding.
2. Context: Silver Lake and its affiliates regularly conduct distributions and routine liquidity sales across their various fund vehicles following historical conversions of Class B stock.