Silver Lake Affiliates Execute In-Kind Distribution of Dell Technologies Shares

Overview & Context

On September 22, 2026, Silver Lake Group, L.L.C. and affiliated entities—including SL SPV-2, L.P. and director Egon Durban—filed a Form 4 disclosing an in-kind distribution of 114,714 shares of Dell Technologies Inc. (DELL) Class C Common Stock executed on September 18, 2026.

Transaction Details

• Security: Class C Common Stock
• Transaction Code: J (Other / In-kind distribution to fund limited partners and managing members)
• Shares Distributed: 114,714 shares
• Price Per Share: $0.00 (exempt pro-rata distribution)
• Ownership Status: Following the distribution, SL SPV-2, L.P. directly holds 0 shares. Other affiliated holdings and direct holdings of Mr. Durban remain across related entities and personal accounts (including 1,407,086 shares held directly by Egon Durban).

Market & Trading Significance

This transaction represents an internal fund distribution to partners rather than an open-market sale. As standard private equity fund operational distributions do not reflect negative corporate outlook or actionable open-market insider selling pressure, this event is assessed as having Low trading significance.