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Dell investor Silver Lake plans $28M stock sale

Dell Technologies Inc. (DELL) received a Rule 144 notice from Silver Lake Partners IV, L.P., a significant stockholder, for the proposed sale of 54,732 shares of Dell Class C common stock through Merrill Lynch on the NYSE, dated September 4, 2026.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Dell Technologies Inc. (DELL) received a Rule 144 notice from Silver Lake Partners IV, L.P., a significant stockholder, for the proposed sale of 54,732 shares of Dell Class C common stock through Merrill Lynch on the NYSE, dated September 4, 2026. The shares to be sold were acquired upon conversion of Dell Class B common stock, which was originally acquired in 2016. As context, Dell Class C common stock outstanding was 325,046,693 shares as of September 4, 2026, a baseline figure, not the amount being sold. The filing also lists numerous prior open-market sales of Dell Class C shares during June, July, and early September 2026 by Silver Lake entities and related parties, each with specific share amounts and dollar proceeds.

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Shares to be sold 54,732 shares Dell Class C common stock proposed for sale by Silver Lake Partners IV, L.P. under Rule 144
Aggregate market value of proposed sale $28,263,057.48 Value associated with 54,732 Dell Class C shares in the Rule 144 notice
Shares outstanding 325,046,693 shares Dell Class C common stock outstanding as of September 4, 2026
Example prior sale by Silver Lake Partners IV, L.P. 166,474 shares for $85,390,570.09 Dell Class C common stock sold on September 3, 2026
Example prior sale by SL SPV-2, L.P. 151,531 shares for $77,725,761.84 Dell Class C common stock sold on September 3, 2026
Example prior sale by Silver Lake Partners IV, L.P. 138,888 shares for $55,294,837.50 Dell Class C common stock sold on June 8, 2026
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Class C Common Stock financial
"Class C Common Stock | Merrill Lynch, Pierce, Fenner & Smith Inc."
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
aggregate market value financial
"| 54732 | 28263057.48 | 325046693 | 09/04/2026 | NYSE"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
conversion of Class B Common Stock financial
"Acquired upon Conversion of Class B Common Stock of the Issuer"
significant stockholders financial
"The Seller and certain of its affiliates are, together, significant stockholders"

FAQ

What does the Rule 144 filing involving DELL disclose?

It discloses that Silver Lake Partners IV, L.P., a significant stockholder of Dell Technologies Inc. (DELL), has filed a notice to sell 54,732 shares of Dell Class C common stock under Rule 144, with Merrill Lynch as the broker and trading on the NYSE.

How many DELL shares are proposed to be sold by Silver Lake in this notice?

The notice states that 54,732 shares of Dell Class C common stock are proposed to be sold. The filing lists an aggregate market value of $28,263,057.48 associated with these shares, with Merrill Lynch as the executing broker on the NYSE.

How many Dell Technologies (DELL) Class C shares were outstanding as of September 4, 2026?

The filing reports that 325,046,693 shares of Dell Technologies Class C common stock were outstanding as of September 4, 2026. This is provided as a baseline share count and is not the number of shares being sold under the notice.

How were the DELL shares being sold by Silver Lake originally acquired?

The 54,732 shares of Dell Class C common stock to be sold were acquired upon conversion of Dell Class B common stock. The filing notes that the Class B common stock was originally acquired in 2016 by the selling holder.

What prior sales of DELL shares by Silver Lake affiliates are disclosed?

The filing lists multiple prior sales of Dell Class C shares during June, July, and September 2026 by Silver Lake funds and related entities, each with specific share amounts and dollar proceeds, such as 166,474 shares sold on September 3, 2026 by Silver Lake Partners IV, L.P.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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