Dell director, Silver Lake sell 7,994 shares at $570
Dell Technologies Inc. (DELL) received a Form 4 from Silver Lake investment entities and director Egon Durban reporting indirect transactions in Class C common stock.
Rhea-AI Filing Summary
Dell Technologies Inc. (DELL) received a Form 4 from Silver Lake investment entities and director Egon Durban reporting indirect transactions in Class C common stock. On September 21, 2026, affiliated entities sold a total of 7,994 shares in open-market or private transactions at weighted average prices around $569.40 and $571.51 per share, held through Silver Lake Group, L.L.C. and other entities. On September 18, 2026, an additional 101,327 shares were disposed of in an "other" transaction classified as part of in-kind distributions among Silver Lake funds, with that entity’s reported holdings going to zero. Footnotes state that these September 18 distributions and related receipts were exempt from reporting under Rule 16a-13, that the reporting persons disclaim beneficial ownership beyond their pecuniary interest, and that Egon Durban held 1,407,086 shares directly after the distributions. No Rule 10b5-1 trading plan is reported.
Positive
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Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 7,994 shares
Net Sell
8 txns
Insider
Silver Lake Partners IV, L.P., Silver Lake Technology Associates IV, L.P., SLTA IV (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director
Sold
7,994 shs ($4.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock F9, F3, F4 | 3,949 | $569.40 | $2.25M |
| Sale | Class C Common Stock F9, F5 | 2,645 | $569.40 | $1.51M |
| Sale | Class C Common Stock F10, F3, F4 | 839 | $571.51 | $479K |
| Sale | Class C Common Stock F10, F5 | 561 | $571.51 | $321K |
| Other | Class C Common Stock F1, F2, F3 | 101,327 | -- | -- |
| holding | Class C Common Stock F6 | -- | -- | -- |
| holding | Class C Common Stock F7 | -- | -- | -- |
| holding | Class C Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 0 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 0 shares (Indirect, Held through Silver Lake Group, L.L.C.);
Class C Common Stock — 330,159 shares (Indirect, See footnote);
Class C Common Stock — 1,407,086 shares (Direct)
Footnotes (10)
- F1. SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P. and certain of their respective affiliates initiated in-kind distributions of shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on September 18, 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.
- F2. These securities are held by Silver Lake Partners IV, L.P. The general partner of Silver Lake Partners IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C.
- F3. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as the CEO and a Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer.
- F4. Reflects shares of Class C Common Stock held by SLG, including shares received in connection with the distribution of shares of Class C Common Stock described herein on September 18, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F5. 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 September 18, 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.
- F6. 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 47,347, 148,194, 39,034 and 43,435 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P. and SLG, respectively, on behalf of such individuals, including shares distributed in the September 18, 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.
- F7. Reflects shares of Class C Common Stock held directly by Mr. Durban, including shares received in connection with the distributions of shares of Class C Common Stock on September 18, 2026. The deemed receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F8. Reflects 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 September 18, 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.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $569.245 to $569.525 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.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $571.265 to $572.105 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.
Key Figures
Shares sold at ~$569.40: 6,594 shares
Shares sold at ~$571.51: 1,400 shares
Total net shares sold: 7,994 shares
+3 more
6 metrics
Shares sold at ~$569.40
6,594 shares
Open-market or private sales of 3,949 and 2,645 shares on September 21, 2026 at a weighted average price of $569.40 per share
Shares sold at ~$571.51
1,400 shares
Open-market or private sales of 839 and 561 shares on September 21, 2026 at a weighted average price of $571.51 per share
Total net shares sold
7,994 shares
Net sell direction across all reported buy/sell transactions in this Form 4
Restructuring shares disposed
101,327 shares
Other disposition on September 18, 2026 held through Silver Lake Partners IV, L.P., with that entity’s holdings reduced to 0 shares
Durban direct holdings
1,407,086 shares
Class C common stock held directly by Egon Durban after September 18, 2026 distributions
Distribution date under Rule 16a-13
September 18, 2026
In-kind distributions of Class C common stock among Silver Lake funds and related recipients exempt from reporting under Rule 16a-13
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"
weighted average price financial
"The price reported in Column 4 is a weighted average price"
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
"initiated in-kind distributions of shares of Class C Common Stock"
pecuniary interest financial
"except to the extent of such Reporting Person's pecuniary interest therein"
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Dell (DELL) insider activity did Silver Lake entities report on this Form 4?
Silver Lake-affiliated entities and director Egon Durban reported indirect sales of 7,994 shares of Dell Class C common stock on September 21, 2026, plus an other disposition of 101,327 shares on September 18, 2026 as part of internal in-kind distributions among Silver Lake funds.
What are Egon Durban’s reported direct Dell (DELL) holdings after these transactions?
After the September 18, 2026 distributions, Egon Durban is reported as holding 1,407,086 shares of Dell Class C common stock directly. The filing notes that he may also have indirect pecuniary interests through certain Silver Lake-related entities and a family trust.
Were the Dell (DELL) insider trades made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not selected, and the footnotes do not state that the reported sales or dispositions were executed under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
