Silver Lake Entities Liquidate $14.8M of Dell Technologies Stock

Insider Filing Analysis: Dell Technologies Inc. (NYSE: DELL)

Executive Summary

On October 14, 2026, Silver Lake Group, L.L.C. and associated entities (alongside Director Egon Durban) reported a series of transactions executed on October 9, 2026. Silver Lake converted 36,614 shares of Class B Common Stock into Class C Common Stock, executed open-market sales of 25,494 Class C shares for an aggregate value of approximately $14.85 million, and initiated an in-kind distribution of 11,567 shares.

Key Transaction Details

• Security: Class C Common Stock
• Transaction Date: October 9, 2026
• Conversion Activity: 36,614 shares of Class B Common Stock converted to Class C Common Stock on a 1-to-1 basis.
• Open-Market Sales: 25,494 shares sold across 17 distinct price tranches ranging from $572.87 to $589.28 per share, yielding a weighted average price of approximately $582.30.
• Total Sale Proceeds: $14,845,272.07
• Distribution (Code J): 11,567 shares transferred via pro-rata in-kind distribution.
• Post-Transaction Holdings: Silver Lake Partners V DE (AIV), L.P. directly retains 11,119 Class C shares and 8,793,784 Class B shares following these transactions.

Ownership & Governance Context

• Director by Deputation: Egon Durban, Co-CEO of Silver Lake, serves as a Director of Dell Technologies Inc. The filing entities are deemed directors by deputization and 10% beneficial owners.
• Multi-Vehicle Holdings: Beyond the specific vehicle transacting here, Silver Lake affiliates maintain substantial multi-million-share positions across Class B and Class C common equity.