Silver Lake trims Dell (NYSE: DELL) stake with 222,434-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake–affiliated investment funds reported selling 222,434 shares of Dell Technologies Inc. Class C Common Stock in open-market transactions on March 2, 2026. The sales were made by entities including SPV-2, Silver Lake Partners IV, Silver Lake Partners V DE (AIV), and Silver Lake Technology Investors IV and V.
The reported weighted average prices ranged from $150.5455 to $152.1100 per share, depending on the specific transaction group. In connection with these sales and related distributions, certain reporting persons converted shares of Class B Common Stock into an equal number of Class C shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 222,434 shares ($33,616,141)
Net Sell
13 txns
Insider
SLTA IV (GP), L.L.C., Silver Lake Group, L.L.C., Silver Lake Technology Associates IV, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLTA SPV-2 (GP), L.L.C., SLTA SPV-2, L.P., SL SPV-2, L.P., Durban Egon
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director
Sold
222,434 shs ($33.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 64,182 | $150.97 | $9.69M |
| Sale | Class C Common Stock | 74,476 | $150.97 | $11.24M |
| Sale | Class C Common Stock | 38,162 | $150.97 | $5.76M |
| Sale | Class C Common Stock | 1,419 | $150.97 | $214K |
| Sale | Class C Common Stock | 640 | $150.97 | $97K |
| Sale | Class C Common Stock | 15,627 | $151.78 | $2.37M |
| Sale | Class C Common Stock | 18,134 | $151.78 | $2.75M |
| Sale | Class C Common Stock | 9,292 | $151.78 | $1.41M |
| Sale | Class C Common Stock | 346 | $151.78 | $53K |
| Sale | Class C Common Stock | 156 | $151.78 | $24K |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 98,859 shares (Indirect, Held through SL SPV-2, L.P.);
Class C Common Stock — 1,172,428 shares (Direct)
Footnotes (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 March 2, 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 March 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 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. Silver Lake Group, L.L.C. ("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 13,741, 7,869 and 58,618 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Egon Durban. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.5455 to $151.5445 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 $151.5455 to $152.1100 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.
FAQ
What role does Egon Durban have in relation to the Dell (DELL) transactions?
Egon Durban is identified as a director of Dell Technologies Inc. and as a Co-CEO and Managing Member of Silver Lake Group, L.L.C.. The filing notes that each reporting person may be deemed a director of Dell by deputization through these roles.