Silver Lake Files Form 144 to Sell $28.0M of Dell Technologies

Executive Summary

On October 6, 2026, Silver Lake Partners IV, L.P. filed a Form 144 notice disclosing the intent to sell 50,636 shares of Dell Technologies Inc. ($DELL) Class C Common Stock. The aggregate market value of the proposed transaction is approximately $27.97 million, representing an estimated price of $552.29 per share.

Transaction Details

• Issuer: Dell Technologies Inc. ($DELL)
• Filing Entity: Silver Lake Partners IV, L.P. (CIK: 0001552054)
• Relationship to Issuer: Significant stockholder; an executive of an affiliate (Egon Durban) serves on the Dell Technologies Board of Directors.
• Security: Class C Common Stock
• Shares to Sell: 50,636 shares
• Gross Proceeds / Market Value: $27,965,756.44
• Acquisition Origin: Acquired on 10/06/2026 upon conversion of Class B Common Stock, which was originally acquired in 2016.
• Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.

Prior 3-Month Trading Activity

Silver Lake Partners and related affiliated entities (including Silver Lake Partners V, SL SPV-2, and related technology investment funds) have engaged in substantial periodic programmatic sales over July and September 2026, continuing a multi-month trend of gradual liquidity and position trimming.

Market & Trading Significance

With 315,433,188 shares outstanding, the proposed sale of 50,636 shares constitutes less than 0.02% of total shares outstanding, posing minimal direct dilution or market impact. However, the transaction forms part of continuous periodic monetization by private equity sponsor Silver Lake, rating this filing at Medium significance due to the nominal dollar amount (~$28M) and recurring sponsor distribution activity.