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Dell investor Silver Lake plans $14.8M stock sale

A Silver Lake affiliate filed to sell 28,698 Dell Class C shares under Rule 144 after substantial recent sales by related Silver Lake entities.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Dell Technologies Inc. (DELL) has a notice from Silver Lake Partners V DE (AIV), L.P. of an intended Rule 144 sale of 28,698 shares of Dell Class C Common Stock through Merrill Lynch, Pierce, Fenner & Smith Inc., with an approximate sale date of September 4, 2026.

The filing lists an aggregate market value for these shares of $14,819,360.22 and states that there are 325,046,693 Class C shares outstanding. The shares to be sold were acquired upon conversion of Dell Class B Common Stock that was acquired in 2019. The remarks note that the seller and certain affiliates are significant Dell stockholders and that an executive of an affiliate serves on Dell’s board.

Over the prior three months, various Silver Lake funds and related entities reported multiple sales of Dell Class C shares, including Silver Lake Partners IV, L.P. selling 168,728 shares for $70,839,806.43 on June 4, 2026, and 166,474 shares for $85,390,570.09 on September 3, 2026.

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Shares to be sold 28,698 shares of Class C Common Stock Planned Rule 144 sale by Silver Lake Partners V DE (AIV), L.P. around September 4, 2026
Aggregate market value of planned sale $14,819,360.22 Value associated with 28,698 Dell Class C shares to be sold under Rule 144
Class C shares outstanding 325,046,693 shares Outstanding Dell Class C Common Stock, listed with the Rule 144 sale details
Recent sale by Silver Lake Partners IV on June 4, 2026 168,728 shares for $70,839,806.43 Dell Class C shares sold by Silver Lake Partners IV, L.P.
Recent sale by Silver Lake Partners IV on September 3, 2026 166,474 shares for $85,390,570.09 Dell Class C shares sold by Silver Lake Partners IV, L.P.
Example sale by SL SPV-2, L.P. on September 3, 2026 151,531 shares for $77,725,761.84 Dell Class C shares sold by SL SPV-2, L.P.
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
"| 28698 | 14819360.22 | 325046693 | 09/04/2026 |"
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"

FAQ

What does Dell Technologies (DELL) disclose about the new Rule 144 sale?

The notice states that Silver Lake Partners V DE (AIV), L.P. plans to sell 28,698 shares of Dell Class C Common Stock through Merrill Lynch around September 4, 2026, under Rule 144. The planned sale’s aggregate market value is listed as $14,819,360.22.

How many Dell (DELL) Class C shares are outstanding in this filing?

The filing states that there are 325,046,693 shares of Dell Class C Common Stock outstanding. This figure is provided alongside the planned Rule 144 sale of 28,698 shares and serves as context for the size of the potential sale relative to the total class.

Who is selling Dell (DELL) shares in this Form 144 and how were they acquired?

The seller is Silver Lake Partners V DE (AIV), L.P.. The shares to be sold are Dell Class C Common Stock acquired upon conversion of Class B Common Stock of Dell, with the Class B stock originally acquired in 2019, according to the disclosure.

What recent Dell (DELL) share sales by Silver Lake affiliates are disclosed?

The document lists numerous recent sales. Examples include Silver Lake Partners IV, L.P. selling 168,728 shares for $70,839,806.43 on June 4, 2026, and 166,474 shares for $85,390,570.09 on September 3, 2026, plus additional sales by related entities.

What relationship do Silver Lake entities have with Dell Technologies (DELL)?

The remarks state that the seller and certain of its affiliates are, together, significant stockholders of Dell Technologies Inc. They also disclose that an executive of an affiliate of the seller currently serves as a member of Dell’s board of directors.

Which broker is handling the planned Dell (DELL) Rule 144 sale?

The planned sale of 28,698 Dell Class C shares is to be executed through Merrill Lynch, Pierce, Fenner & Smith Inc., with an address at 555 California Street, 18th Floor, San Francisco, California, as listed in the securities information section.

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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