Dell holder Silver Lake plans $14.1M stock sale

Dell Technologies Inc. (DELL) received a notice that SL SPV-2, L.P., a significant stockholder affiliated with Silver Lake, intends to sell up to 24,791 shares of Dell Class C common stock under Rule 144.

Rhea-AI Filing Summary

Dell Technologies Inc. (DELL) received a notice that SL SPV-2, L.P., a significant stockholder affiliated with Silver Lake, intends to sell up to 24,791 shares of Dell Class C common stock under Rule 144. The shares are to be sold through Merrill Lynch, Pierce, Fenner & Smith Inc. on or after September 14, 2026 on the NYSE.

The securities to be sold were acquired upon conversion of Dell Class B common stock that was originally obtained in 2019. The seller and certain affiliates are described as significant stockholders of Dell, and an executive of an affiliate of the seller currently serves on Dell’s board of directors. The filing also lists substantial Class C common stock sales during the prior three months by SL SPV-2, L.P. and multiple related Silver Lake entities and individuals.

Key Figures

Shares to be sold under Rule 144: 24,791 shares Aggregate market value of shares to be sold: $14,063,686.39 Class C shares outstanding: 315,433,188 shares +3 more

6 metrics

Shares to be sold under Rule 144 24,791 shares Class C common stock planned sale by SL SPV-2, L.P. on or after September 14, 2026

Aggregate market value of shares to be sold $14,063,686.39 Estimated value of the 24,791 Dell Class C shares covered by the notice

Class C shares outstanding 315,433,188 shares Number of Dell Class C common shares listed as outstanding in the filing

Prior sale by SL SPV-2, L.P. on September 3, 2026 151,531 shares for $77,725,761.84 Dell Class C common stock sold during the past three months

Prior sale by SL SPV-2, L.P. on September 11, 2026 72,149 shares for $40,312,916.38 Dell Class C common stock sold during the past three months

Prior sale by SL SPV-2, L.P. on July 6, 2026 63,204 shares for $25,946,725.65 Dell Class C common stock sold during the past three months

Key Terms

Rule 144, Class C Common Stock, Conversion of Class B Common Stock, significant stockholders, +1 more

5 terms

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.

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"

board of directors regulatory

"an executive of an affiliate of the Seller currently serves as a member of the board of directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for Dell Technologies Inc. (DELL)?

It discloses that SL SPV-2, L.P., a significant stockholder affiliated with Silver Lake, intends to sell up to 24,791 shares of Dell Class C common stock under Rule 144 through Merrill Lynch, with a planned sale date of September 14, 2026 on the NYSE.

How many Dell (DELL) shares are covered by this intended Rule 144 sale?

The notice covers an intended sale of up to 24,791 shares of Dell Class C common stock. The aggregate market value for this block is listed as approximately $14,063,686.39 in the filing’s securities information section.

What is the relationship between the seller and Dell Technologies Inc. (DELL)?

The filing states that the seller and certain of its affiliates are significant stockholders of Dell, and that an executive of an affiliate of the seller currently serves as a member of Dell’s board of directors.

How were the Dell (DELL) shares being sold by SL SPV-2, L.P. acquired?

The Class C common stock to be sold was acquired upon conversion of Class B common stock of Dell Technologies. The filing notes that the underlying Class B common stock was acquired in 2019.

What Dell (DELL) share count is referenced as outstanding in the Form 144?

The Form 144 lists 315,433,188 shares of Dell Class C common stock as outstanding. This figure appears in the securities information section as the number of shares or units outstanding.

What prior Dell (DELL) stock sales by related Silver Lake entities are disclosed?

The filing lists multiple prior three‑month sales of Dell Class C shares, including SL SPV-2, L.P. sales such as 151,531 shares for $77,725,761.84 on September 3, 2026 and 72,149 shares for $40,312,916.38 on September 11, 2026, among other Silver Lake-affiliated entities.

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

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Available on EDGAR 09/14/2026 - 07:54 PM Accepted by SEC EDGAR 09/14/2026 - 07:54 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001767114
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Dell Technologies Inc.
SEC File Number	001-37867
Address of Issuer	One Dell Way Round Rock TEXAS 78682
Phone	800-289-3355
Name of Person for Whose Account the Securities are To Be Sold	SL SPV-2, L.P.
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	See Remarks

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class C Common Stock	Merrill Lynch, Pierce, Fenner & Smith Inc. 555 California Street 18th Floor San Francisco CA 94104	24791	14063686.39	315433188	09/14/2026	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class C Common Stock	09/14/2026	Acquired upon Conversion of Class B Common Stock of the Issuer, which Class B Common Stock was acquired in 2019.	Issuer			24791	09/14/2026	Conversion of Class B Common Stock

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Durban Family Foundation c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/25/2026	1250	510096.00
Silver Lake Management Company III, L.L.C. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/26/2026	894	354361.27
Silver Lake Management Company IV, L.L.C. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/26/2026	2122	841112.53
Silver Lake Management Company V, L.L.C. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/26/2026	2769	1097568.62
Silver Lake Group, L.L.C. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/26/2026	10765	4267001.14
Silver Lake Technology Management LLC c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	06/26/2026	129	51132.67
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/06/2026	72767	29872561.63
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/06/2026	36983	15182389.64
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/06/2026	63204	25946725.65
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/06/2026	1410	578838.10
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/06/2026	636	261092.93
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/08/2026	72852	31119051.18
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/08/2026	37004	15806420.83
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/08/2026	63095	26951305.86
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/08/2026	1412	603141.99
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/08/2026	637	272097.34
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/09/2026	68706	31160851.63
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/09/2026	34869	15814451.95
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/09/2026	59493	26982396.68
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/09/2026	1332	604113.97
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	07/09/2026	600	272123.41
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/03/2026	166474	85390570.09
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/03/2026	87070	44661370.17
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/03/2026	151531	77725761.84
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/03/2026	3394	1740906.06
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/03/2026	1531	785305.59
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	54732	28533852.53
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	28698	14961348.02
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	49947	26039251.85
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	1119	583376.84
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	504	262754.18
Egon Durban c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/04/2026	37500	19526647.89
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	54732	28847629.23
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	28695	15124291.47
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	49949	26326650.45
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	1119	589792.02
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	505	266170.66
Egon Durban c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/08/2026	2900	1534363.84
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	52711	28484300.73
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	27629	14930332.28
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	48096	25990418.09
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	1078	582536.40
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	486	262627.73
Egon Durban c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/09/2026	1900	1015451.74
Silver Lake Partners IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	79071	44180551.51
Silver Lake Partners V DE (AIV), L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	41434	23151053.75
SL SPV-2, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	72149	40312916.38
Silver Lake Technology Investors IV, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	1617	903491.19
Silver Lake Technology Investors V, L.P. c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	729	407325.34
Egon Durban c/o Silver Lake 2775 Sand Hill Road, Suite 100 Menlo Park CA 94025	Class C Common Stock	09/11/2026	1900	1065650.80

144: Remarks and Signature

Remarks	The Seller and certain of its affiliates are, together, significant stockholders of the Issuer and an executive of an affiliate of the Seller currently serves as a member of the board of directors of the Issuer.
Date of Notice	09/14/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	SL SPV-2, L.P. By: /s/ Justin G. Hamill, Chief Legal Officer
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)