Silver Lake Affiliate Files Form 144 to Sell $25.6M in Dell Technologies Shares

Executive Summary

On October 7, 2026, SL SPV-2, L.P., an investment vehicle affiliated with Silver Lake, filed a Form 144 notice disclosing the intended sale of 46,322 shares of Class C Common Stock of Dell Technologies Inc. ($DELL). The estimated aggregate market value of the proposed transaction is $25,583,177.38, representing an implied execution price of approximately $552.29 per share.

Transaction Details

• Filer: SL SPV-2, L.P. (Affiliate / 10% Owner)
• Security: Class C Common Stock
• Proposed Sale Date: October 6, 2026
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
• Shares to be Sold: 46,322
• Gross Proposed Value: $25,583,177.38
• Shares Outstanding: 315,433,188 Class C Common shares (~0.015% of class)
• Origin of Shares: Acquired on October 6, 2026, upon conversion of Class B Common Stock originally acquired in 2019.

Context & Prior Activity

Silver Lake and its affiliated entities (including Silver Lake Partners IV, Silver Lake Partners V, and managing director Egon Durban) have conducted regular tranches of share conversions and open-market sales over the trailing three months (July through September 2026). This filing represents a continuation of programmatic liquidity realization rather than an abrupt or company-specific exit.