Silver Lake Affiliate Files Notice to Sell $25.5M in Dell Technologies Stock

Executive Summary

On October 9, 2026, SL SPV-2, L.P., an investment vehicle affiliated with Silver Lake Partners, filed a Form 144 notice covering the proposed sale of 44,406 shares of Dell Technologies Inc. (NYSE: DELL) Class C Common Stock. The aggregate market value of the shares slated for disposition is $25,513,467.30, implying a market price of approximately $574.55 per share.

Transaction Details

• Security: Class C Common Stock
• Shares to be Sold: 44,406
• Aggregate Market Value: $25,513,467.30
• Approximate Sale Date: October 9, 2026
• Origin of Shares: Acquired on October 9, 2026, upon conversion of Class B Common Stock originally acquired in 2019.
• Executing Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.

Relationship and Context

The reporting seller notes that together with its affiliates (including Silver Lake Partners IV, Silver Lake Partners V, and affiliated entities), it is a significant stockholder of Dell Technologies, and an executive of an affiliate (Egon Durban) serves on Dell's Board of Directors.

Past 3-month disclosures show an active, coordinated divestment pattern across several Silver Lake entities and managing partner Egon Durban across July, September, and October 2026, totaling hundreds of millions of dollars in liquidated Class C shares.