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Dell shareholder plans $36.6M Class C sale

Dell Technologies Inc. (DELL) received a notice that investment vehicle SL SPV-2, L.P., an affiliate of a significant stockholder, plans to sell 72,149 shares of Dell Class C common stock on or after September 11, 2026 under Rule 144.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Dell Technologies Inc. (DELL) received a notice that investment vehicle SL SPV-2, L.P., an affiliate of a significant stockholder, plans to sell 72,149 shares of Dell Class C common stock on or after September 11, 2026 under Rule 144. The shares are to be sold through Merrill Lynch, Pierce, Fenner & Smith Inc. and have an aggregate market value of about $36.6 million based on the price used in the notice. As context, Dell Class C common stock outstanding was 315,433,188 shares as of that date; this is a baseline figure, not the amount being sold. The shares to be sold were acquired upon conversion of Class B common stock originally obtained in 2019. The seller and certain affiliates are described as significant stockholders, and an executive of an affiliate of the seller currently serves on Dell’s board of directors. The notice also lists multiple prior sales of Dell Class C shares over the past three months by SL SPV-2, L.P. and various related Silver Lake entities.

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Shares to be sold 72,149 shares of Class C common stock Planned sale by SL SPV-2, L.P. on or after September 11, 2026 under Rule 144
Aggregate market value of planned sale $36,552,126.38 Reported value of 72,149 Dell Class C shares in the planned Rule 144 sale
Class C shares outstanding 315,433,188 shares Dell Class C common stock outstanding as of September 11, 2026, for context
Example prior sale by SL SPV-2, L.P. 151,531 shares for $77,725,761.84 Sale of Dell Class C shares on September 3, 2026 disclosed in the past-3-months table
Example prior sale by Silver Lake Partners IV, L.P. 166,474 shares for $85,390,570.09 Dell Class C share sale on September 3, 2026 in the past-3-months table
Date of notice September 11, 2026 Signature and notice date for the planned Rule 144 sale
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"
aggregate market value financial
"Class C Common Stock | ... | 72149 | 36552126.38 | 315433188"
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.

FAQ

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

What does the Form 144 notice involve for Dell Technologies Inc. (DELL)?

The notice states that SL SPV-2, L.P., affiliated with a significant stockholder, plans to sell 72,149 Dell Class C shares on or after September 11, 2026 under Rule 144, through Merrill Lynch, Pierce, Fenner & Smith Inc..

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

The planned sale covers 72,149 shares of Dell Class C common stock. These shares were acquired upon conversion of Class B common stock that was originally acquired in 2019.

What is the aggregate market value of the Dell (DELL) shares in this Form 144?

The notice reports an aggregate market value of approximately $36,552,126.38 for the 72,149 Class C shares to be sold, based on the price reference used in the Form 144 disclosure.

How many Dell (DELL) shares were outstanding as context in the Form 144?

The Form 144 lists 315,433,188 shares of Dell Class C common stock as outstanding as of September 11, 2026. This figure provides context and is separate from the shares proposed to be sold.

Who is selling Dell (DELL) shares and what is their relationship to the company?

The seller is SL SPV-2, L.P.. The remarks state that the seller and certain affiliates are significant stockholders, and that an executive of an affiliate of the seller currently serves as a member of Dell’s board of directors.

What prior Dell (DELL) share sales are disclosed in the last three months?

The notice lists numerous prior sales of Dell Class C shares during the past three months by SL SPV-2, L.P. and various related Silver Lake entities, including a transaction where SL SPV-2, L.P. sold 151,531 shares on September 3, 2026 for about $77.7 million.

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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