STOCK TITAN
  1. Home
  2. Sec-filings
  3. DELL
  4. [Form 4] Dell Technologies Inc. Insider Trading Activity

Form 4: Silver Lake entities dispose of DELL stock at $134–$138 ranges

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Insiders affiliated with Silver Lake sold and converted Dell Technologies shares on September 22, 2025. Several Silver Lake entities (including SL SPV-2, Silver Lake Partners IV and V) sold multiple tranches of Class C Common Stock and converted Class B shares into Class C shares to facilitate those sales. Reported sale prices across transactions fall within weighted ranges from $134.21 to $137.99 per share. The filing lists specific share counts by entity and indicates certain holdings remain held indirectly through Silver Lake-managed vehicles. The report is jointly filed and signed by Silver Lake representatives.

Positive

  • Full disclosure of the transactions, including weighted price ranges and per-entity share counts
  • Clear attribution of holdings to specific Silver Lake entities and explanation of ownership structure
  • Conversions disclosed (Class B into Class C) explaining mechanics behind the sales

Negative

  • Substantial insider disposals by 10% owners and director-affiliated entities on 09/22/2025, which may be viewed as notable by investors
  • Large aggregate volumes sold across multiple tranches (reported across many entities), potentially reducing insider-held stake

Insights

TL;DR: Large, disclosed insider sales with conversions; routine liquidity events rather than new company information.

The Form 4 documents multiple sales by Silver Lake-affiliated funds and parallel conversions of Class B into Class C stock on 09/22/2025. Sales occurred in multiple tranches at weighted average prices within the $134.21–$137.99 range. The filing provides detailed per-vehicle share counts and retains disclosure of indirect holdings through Silver Lake entities. This is a material disclosure of insider activity but contains no operational or financial performance data about the issuer.

TL;DR: Director-affiliated entities executed significant dispositions; disclosure and attribution are thorough.

The filing attributes sales to several affiliated partnerships and explains the ownership and general partner structure, including Silver Lake Group's role and Egon Durban's positions. It documents conversions of Class B to Class C shares and provides weighted-price ranges for multiple trade blocks. The form is comprehensive about beneficial ownership chains and includes requisite signatures, meeting SEC Section 16 reporting norms.

Insider SLTA V (GP), L.L.C., Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors V, L.P.
Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Sold 824,999 shs ($112.18M)
Type Security Shares Price Value
Exercise Class B Common Stock 431,969 $0.00 --
Exercise Class B Common Stock 443,438 $0.00 --
Exercise Class B Common Stock 240,032 $0.00 --
Exercise Class B Common Stock 6,524 $0.00 --
Exercise Class B Common Stock 2,942 $0.00 --
Exercise Class C Common Stock 431,969 $0.00 --
Exercise Class C Common Stock 443,438 $0.00 --
Exercise Class C Common Stock 240,032 $0.00 --
Exercise Class C Common Stock 6,524 $0.00 --
Exercise Class C Common Stock 2,942 $0.00 --
Sale Class C Common Stock 25,052 $134.88 $3.38M
Sale Class C Common Stock 29,006 $134.88 $3.91M
Sale Class C Common Stock 14,900 $134.88 $2.01M
Sale Class C Common Stock 552 $134.88 $74K
Sale Class C Common Stock 249 $134.88 $34K
Sale Class C Common Stock 193,080 $135.69 $26.20M
Sale Class C Common Stock 223,553 $135.69 $30.33M
Sale Class C Common Stock 114,839 $135.69 $15.58M
Sale Class C Common Stock 4,252 $135.69 $577K
Sale Class C Common Stock 1,917 $135.69 $260K
Sale Class C Common Stock 40,092 $136.54 $5.47M
Sale Class C Common Stock 46,419 $136.54 $6.34M
Sale Class C Common Stock 23,846 $136.54 $3.26M
Sale Class C Common Stock 883 $136.54 $121K
Sale Class C Common Stock 398 $136.54 $54K
Sale Class C Common Stock 38,053 $137.57 $5.23M
Sale Class C Common Stock 44,059 $137.57 $6.06M
Sale Class C Common Stock 22,633 $137.57 $3.11M
Sale Class C Common Stock 838 $137.57 $115K
Sale Class C Common Stock 378 $137.57 $52K
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 — 21,039,958 shares (Indirect, Held through SL SPV-2, L.P.); Class C Common Stock — 431,969 shares (Indirect, Held through SL SPV-2, L.P.); Class C Common Stock — 1,086,628 shares (Direct)
Footnotes (1)
  1. SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV"), Silver Lake Partners V DE (AIV), L.P. ("SLP V") 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 September 22, 2025. 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 September 22, 2025, 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 described in footnote (1) above. These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP"). These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP"). These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP"). These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP. 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 SLTA V and the general partner of SLTA V is SLTA V GP. Reflects shares held by Silver Lake Group, L.L.C. ("SLG"). SLG is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. 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. This amount reflects 44,760, 25,557, 42 and 81,304 shares held by SLTA SPV-2, L.P., SLTA V, SLTA IV and SLG, respectively, on behalf of such individuals. Represents shares of Class C Common Stock held by Mr. Durban. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members. These shares of Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.21 to $135.20 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 $135.21 to $136.205 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 $136.21 to $137.14 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 $137.25 to $137.99 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SLTA V (GP), L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Dell Technologies Inc. [ DELL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C Common Stock 09/22/2025 M(1)(2) 431,969 A (1)(2) 431,969 I Held through SL SPV-2, L.P.(3)(9)
Class C Common Stock 09/22/2025 M(1)(2) 443,438 A (1)(2) 443,438 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class C Common Stock 09/22/2025 M(1)(2) 240,032 A (1)(2) 240,032 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class C Common Stock 09/22/2025 M(1)(2) 6,524 A (1)(2) 6,524 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class C Common Stock 09/22/2025 M(1)(2) 2,942 A (1)(2) 2,942 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
Class C Common Stock 09/22/2025 S 25,052 D $134.88(14) 406,917 I Held through SL SPV-2, L.P.(3)(9)
Class C Common Stock 09/22/2025 S 29,006 D $134.88(14) 414,432 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class C Common Stock 09/22/2025 S 14,900 D $134.88(14) 225,132 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class C Common Stock 09/22/2025 S 552 D $134.88(14) 5,972 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class C Common Stock 09/22/2025 S 249 D $134.88(14) 2,693 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
Class C Common Stock 09/22/2025 S 193,080 D $135.69(15) 213,837 I Held through SL SPV-2, L.P.(3)(9)
Class C Common Stock 09/22/2025 S 223,553 D $135.69(15) 190,879 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class C Common Stock 09/22/2025 S 114,839 D $135.69(15) 110,292 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class C Common Stock 09/22/2025 S 4,252 D $135.69(15) 1,721 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class C Common Stock 09/22/2025 S 1,917 D $135.69(15) 776 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
Class C Common Stock 09/22/2025 S 40,092 D $136.54(16) 173,745 I Held through SL SPV-2, L.P.(3)(9)
Class C Common Stock 09/22/2025 S 46,419 D $136.54(16) 144,459 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class C Common Stock 09/22/2025 S 23,846 D $136.54(16) 86,446 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class C Common Stock 09/22/2025 S 883 D $136.54(16) 838 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class C Common Stock 09/22/2025 S 398 D $136.54(16) 378 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
Class C Common Stock 09/22/2025 S 38,053 D $137.57(17) 135,692 I Held through SL SPV-2, L.P.(3)(9)
Class C Common Stock 09/22/2025 S 44,059 D $137.57(17) 100,400 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class C Common Stock 09/22/2025 S 22,633 D $137.57(17) 63,813 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class C Common Stock 09/22/2025 S 838 D $137.57(17) 0 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class C Common Stock 09/22/2025 S 378 D $137.57(17) 0 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
Class C Common Stock 4,777 I Held through Silver Lake Group, L.L.C.(8)(9)
Class C Common Stock 151,663 I See footnote(10)
Class C Common Stock 1,086,628 D(11)
Class C Common Stock 44,010 I See footnote(12)
Class C Common Stock 4,114 I See footnote(13)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (2) 09/22/2025 M(1)(2) 431,969 (2) (2) Class C Common Stock 431,969 $0 21,039,958 I Held through SL SPV-2, L.P.(3)(9)
Class B Common Stock (2) 09/22/2025 M(1)(2) 443,438 (2) (2) Class C Common Stock 443,438 $0 21,598,570 I Held through Silver Lake Partners IV, L.P.(4)(9)
Class B Common Stock (2) 09/22/2025 M(1)(2) 240,032 (2) (2) Class C Common Stock 240,032 $0 11,691,279 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(9)
Class B Common Stock (2) 09/22/2025 M(1)(2) 6,524 (2) (2) Class C Common Stock 6,524 $0 317,787 I Held through Silver Lake Technology Investors IV, L.P.(6)(9)
Class B Common Stock (2) 09/22/2025 M(1)(2) 2,942 (2) (2) Class C Common Stock 2,942 $0 143,303 I Held through Silver Lake Technology Investors V, L.P.(7)(9)
1. Name and Address of Reporting Person*
SLTA V (GP), L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Technology Associates V, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Partners V DE (AIV), L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Technology Investors V, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV"), Silver Lake Partners V DE (AIV), L.P. ("SLP V") 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 September 22, 2025.
2. 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 September 22, 2025, 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 described in footnote (1) above.
3. These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").
4. These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").
5. These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").
6. These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP.
7. 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 SLTA V and the general partner of SLTA V is SLTA V GP.
8. Reflects shares held by Silver Lake Group, L.L.C. ("SLG").
9. SLG is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. 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.
10. This amount reflects 44,760, 25,557, 42 and 81,304 shares held by SLTA SPV-2, L.P., SLTA V, SLTA IV and SLG, respectively, on behalf of such individuals.
11. Represents shares of Class C Common Stock held by Mr. Durban.
12. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
13. These shares of Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.
14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.21 to $135.20 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.
15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.21 to $136.205 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.
16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.21 to $137.14 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.
17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.25 to $137.99 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.
Remarks:
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C. 09/24/2025
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., general partner of Silver Lake Technology Associates V, L.P. 09/24/2025
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., general partner of Silver Lake Technology Associates V, L.P., general partner of Silver Lake Partners V DE (AIV), LP 09/24/2025
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., gen. partner of Silver Lake Technology Associates V, L.P., gen. partner of Silver Lake Technology Investors V, L.P. 09/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Silver Lake entities report on Form 4 for DELL?

They reported multiple sales of Class C Common Stock and conversions of Class B into Class C on 09/22/2025, with detailed per-entity share counts.

At what prices were the Dell shares sold according to the filing?

The filing reports weighted average sale price ranges across transactions from $134.21 to $137.99 per share, with separate weighted ranges noted in footnotes.

Which Silver Lake entities were involved in the transactions?

Transactions involved SL SPV-2, Silver Lake Partners IV, Silver Lake Partners V, Silver Lake Technology Investors IV and V, and related Silver Lake-managed vehicles.

Does the filing identify any individual officer or director?

Yes. The filing notes that Egon Durban serves as a director of Dell and as Co-CEO and Managing Member of Silver Lake Group, and describes how certain holdings relate to him.

Who signed the Form 4 filing?

The filing is signed and dated by Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C.