Silver Lake trims Dell (NYSE: DELL) stake with 23,876-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake investment entities reported open-market sales of Dell Technologies Inc. Class C Common Stock. On June 10, 2026, Silver Lake Partners V DE (AIV), L.P. and affiliated funds sold a total of 23,876 shares of Dell Class C stock in multiple transactions.
The sales were executed at weighted-average prices within ranges disclosed in the filing, generally between about $390.39 and $398.83 per share. The shares were held indirectly through Silver Lake entities; Egon Durban is associated with these entities and may have an indirect pecuniary interest, while certain Class B shares were converted into Class C shares in connection with the sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,876 shares ($9,430,713)
Net Sell
15 txns
Insider
Silver Lake Partners V DE (AIV), 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
23,876 shs ($9.43M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 1,460 | $391.03 | $571K |
| Sale | Class C Common Stock | 1,799 | $391.85 | $705K |
| Sale | Class C Common Stock | 2,533 | $393.15 | $996K |
| Sale | Class C Common Stock | 4,402 | $394.12 | $1.73M |
| Sale | Class C Common Stock | 4,297 | $395.00 | $1.70M |
| Sale | Class C Common Stock | 3,756 | $396.09 | $1.49M |
| Sale | Class C Common Stock | 2,042 | $397.11 | $811K |
| Sale | Class C Common Stock | 3,131 | $398.07 | $1.25M |
| Sale | Class C Common Stock | 456 | $398.73 | $182K |
| 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 C Common Stock — 51,964 shares (Indirect, Held through Silver Lake Partners V DE (AIV), L.P.);
Class C Common Stock — 1,317,963 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 10, 2026. 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 10, 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 described in footnote (1) above. These securities are directly held by Silver Lake Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), 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. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest. This amount reflects 24,563, 24,932, 114,663 and 56 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P., SLG and Silver Lake Secondary Holdings L.P., respectively, on behalf of certain employees and managing members of SLG or its affiliates. Represents shares of Class C Common Stock held directly 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $390.3900 to $391.3700 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 $391.4600 to $392.4000 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 $392.5600 to $393.5500 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 $393.5800 to $394.5600 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 $394.5800 to $395.5700 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 $395.5800 to $396.5750 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 $396.6150 to $397.6000 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 $397.6100 to $398.6000 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 $398.6100 to $398.8300 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 49,369 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 37,592 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock which securities and transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 23,876 shares
Representative sale price: $398.73 per share
Price range (lowest band): $390.39–$391.37 per share
+3 more
6 metrics
Shares sold
23,876 shares
Total Dell Class C shares sold on June 10, 2026
Representative sale price
$398.73 per share
One open-market sale of 456 shares on June 10, 2026
Price range (lowest band)
$390.39–$391.37 per share
Weighted-average price range from one disclosed sale band
Price range (highest band)
$398.61–$398.83 per share
Weighted-average price range from another disclosed sale band
Net share direction
-23,876 shares
Net effect of reported buy/sell activity in this Form 4
Indirect holding post-transaction
51,964 shares
Class C shares indirectly held through Silver Lake Partners V DE (AIV), L.P. after sales
Key Terms
Class C Common Stock, Class B Common Stock, weighted average price, indirect pecuniary interest, +2 more
6 terms
Class C Common Stock financial
"shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies 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.
Class B Common Stock financial
"Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
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.
indirect 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."
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer."
beneficially owned indirectly financial
"Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members."
FAQ
What did Silver Lake disclose in its latest Dell (DELL) Form 4 filing?
Silver Lake-affiliated entities disclosed selling Dell Class C Common Stock on June 10, 2026. The filing reports open-market sales totaling 23,876 shares, executed through Silver Lake Partners V DE (AIV), L.P. and related funds, with prices detailed in weighted-average ranges.
Did the Dell (DELL) Form 4 involve conversions of Class B to Class C stock?
Yes. Certain Class B shares were converted into Class C in connection with the sales. A footnote explains that on June 10, 2026, some reporting persons converted Class B Common Stock into an equal number of Class C shares to facilitate the disclosed Class C stock sales.
How is Egon Durban connected to the Dell (DELL) Form 4 transactions?
Egon Durban is linked through Silver Lake entities that hold Dell shares. Footnotes state Silver Lake Group, L.L.C. is managed by Durban and that some shares are held by entities in which he may have an indirect pecuniary interest, alongside separate direct and family trust holdings reported.