Silver Lake funds (DELL) sell 1,280 Dell shares and convert 1,418
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dell Technologies Inc. reporting persons tied to Silver Lake disclosed mixed share activity on June 2, 2026. Silver Lake Technology Investors V, L.P. and affiliated funds sold a total of 1,280 shares of Dell Class C Common Stock in a series of open-market transactions at weighted average prices generally between $433.5950 and $454.0500 per share. On the same date, certain reporting persons converted 1,418 shares of Dell Class B Common Stock into an equal number of Class C shares at a stated conversion price of $0.0000 per share. After these moves, Silver Lake entities continue to hold substantial indirect exposure, including derivative holdings convertible into 46,368,417 shares of Class C Common Stock, while Egon Durban’s interests are described as indirect through Silver Lake-related entities and trusts.
Positive
- None.
Negative
- None.
Insights
Silver Lake funds made small Dell share sales alongside a larger internal share-class conversion.
Reporting persons associated with Silver Lake sold 1,280 shares of Dell Class C Common Stock in open-market trades on June 2, 2026. Sales occurred at weighted average prices across multiple ranges, with individual reported prices such as $435.2400 and $453.7700 per share.
Separately, certain reporting persons converted 1,418 shares of Class B Common Stock into the same number of Class C shares at a stated conversion price of $0.0000. Footnotes state each Class B share is convertible into one Class C share and has no expiration date, and that these conversions occurred in connection with broader sales and in-kind distributions.
The filing also shows a large remaining derivative position: indirectly held Class B shares are convertible into 46,368,417 Class C shares, indicating that the reported net sale of 1,280 shares is very small relative to overall exposure. Footnotes emphasize that many distributions and receipts of shares were exempt from reporting under Rule 16a-13, and that Egon Durban’s interests are largely indirect through Silver Lake entities and related vehicles.
Insider Trade Summary
Net Seller: 1,280 shares ($561,824)
Net Sell
28 txns
Insider
Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon
Role
null | null | null | null | null
Sold
1,280 shs ($562K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 1,418 | $0.00 | -- |
| Exercise | Class C Common Stock | 1,418 | $0.00 | -- |
| Sale | Class C Common Stock | 131 | $434.07 | $57K |
| Sale | Class C Common Stock | 408 | $435.24 | $178K |
| Sale | Class C Common Stock | 95 | $436.14 | $41K |
| Sale | Class C Common Stock | 77 | $437.12 | $34K |
| Sale | Class C Common Stock | 110 | $438.06 | $48K |
| Sale | Class C Common Stock | 45 | $439.13 | $20K |
| Sale | Class C Common Stock | 27 | $439.99 | $12K |
| Sale | Class C Common Stock | 30 | $441.13 | $13K |
| Sale | Class C Common Stock | 39 | $442.24 | $17K |
| Sale | Class C Common Stock | 62 | $443.09 | $27K |
| Sale | Class C Common Stock | 42 | $444.06 | $19K |
| Sale | Class C Common Stock | 37 | $445.25 | $16K |
| Sale | Class C Common Stock | 60 | $446.17 | $27K |
| Sale | Class C Common Stock | 45 | $447.03 | $20K |
| Sale | Class C Common Stock | 3 | $447.94 | $1K |
| Sale | Class C Common Stock | 29 | $450.62 | $13K |
| Sale | Class C Common Stock | 18 | $451.51 | $8K |
| Sale | Class C Common Stock | 16 | $452.43 | $7K |
| Sale | Class C Common Stock | 6 | $453.77 | $3K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 121,593 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 1,418 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 1,313,489 shares (Direct, null)
Footnotes (1)
- Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. and certain of their respective affiliates sold certain shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on June 2, 2026 and initiated in-kind distributions of shares of Class C Common Stock on June 2, 2026. The receipt of shares of Class C Common Stock by each of the Reporting Persons in connection with such distributions was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On June 2, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales and distributions described in footnote (1) above. These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is Silver Lake Technology Associates V, L.P. and the general partner of Silver Lake Technology Associates V, L.P. is SLTA V (GP), L.L.C. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as a Co-CEO and Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. Reflects shares of Class C Common Stock held by SLG. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on June 2, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest including shares received in connection with the distributions of shares of Class C Common Stock on June 2, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. In connection with the distributions described in footnote (1) above, distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Mr. Durban. This amount reflects 24,563, 14,785 and 90,357 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P. and SLG, respectively, on behalf of such individuals, including shares distributed in the June 2, 2026 distributions. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Represents shares of Class C Common Stock held by Mr. Durban including shares received in connection with the distributions of shares of Class C Common Stock on June 2, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on June 2, 2026. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members, including shares received in connection with the distributions of shares of Class C Common Stock on June 2, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $433.5950 to $434.5300 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $434.6200 to $435.6017 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $435.6200 to $436.6100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $436.6206 to $437.6100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $437.6200 to $438.6100 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $438.6200 to $439.6183 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $439.6353 to $440.5984 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $440.6300 to $441.6180 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $441.6600 to $442.6590 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $442.6637 to $443.6598 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $443.6699 to $444.6332 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.6656 to $445.6500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $445.6744 to $446.6677 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446.6700 to $447.6527 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.7301 to $448.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $450.0100 to $451.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $451.0300 to $452.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $452.0400 to $453.0000 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $453.1800 to $454.0500 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 0 shares of Class C Common Stock, Silver Lake Partners IV L.P. directly holds 0 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 79,906 shares of Class C Common Stock, and Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, which securities and related transactions are reported on separate Form 4 filings. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 17,852,378 shares of Class B Common Stock, Silver Lake Partners IV L.P. directly holds 18,326,361 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,920,037 shares of Class B Common Stock, and Silver Lake Technology Investors IV, L.P. directly holds 269,641 shares of Class B Common Stock, which securities are reported on separate Form 4 filings.
Key Figures
Shares sold: 1,280 shares
Shares converted: 1,418 shares
Sale price examples: $433.5950–$454.0500/share
+3 more
6 metrics
Shares sold
1,280 shares
Net Class C sales on June 2, 2026
Shares converted
1,418 shares
Class B converted into Class C on June 2, 2026
Sale price examples
$433.5950–$454.0500/share
Weighted average price ranges from footnotes
Remaining Class B derivative exposure
46,368,417 shares
Class C shares underlying Class B, indirect
Indirect Class B balance
121,593 shares
Class B Common Stock held indirectly after conversion
Price per share example
$435.2400/share
One reported Class C sale price
Key Terms
Rule 16a-13, weighted average price, in-kind distributions, pecuniary interest, +1 more
5 terms
Rule 16a-13 regulatory
"The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act."
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $433.5950 to $434.5300 per share"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
in-kind distributions financial
"sold certain shares of Class C Common Stock ... and initiated in-kind distributions of shares of Class C Common Stock on June 2, 2026."
pecuniary interest financial
"These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest"
Class B Common Stock financial
"Each share of Class B Common Stock, par value $0.01 per share of the Issuer ... is convertible into one share of Class C Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What Dell (DELL) derivative position remains after the reported transactions?
The derivative summary shows an indirect position in Dell Class B Common Stock convertible into 46,368,417 shares of Class C Common Stock. This indicates that, despite the 1,280-share net sale and 1,418-share conversion, the reporting persons still hold a very large potential Class C stake through Class B shares.
How is Egon Durban involved in the Dell (DELL) Form 4 transactions?
Egon Durban is listed as a reporting person and Dell director, but footnotes explain many shares are held through Silver Lake entities and related vehicles. They state he may be deemed to have an indirect pecuniary interest, with several positions and distributions reported as indirect holdings or through family-related trusts.