Dell Technologies: SL SPV-2 sells 46,323 shares
The reported position after the conversion was 15,891,435 Class B shares, alongside 46,323 Class C shares sold by SL SPV-2.
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Form Type
4
Rhea-AI Filing Summary
Dell Technologies Inc. reporting persons reported that SL SPV-2, L.P. converted 68,576 Class B Common Stock shares into an equal number of Class C Common Stock shares on October 6, 2026. The Class B position after the conversion was 15,891,435 shares. Egon Durban, a Dell director, is identified as a reporting person; the converted shares were held through SL SPV-2.
SL SPV-2 also reported indirect sales of 46,323 Class C shares on October 6. The 11 sale entries report weighted-average prices from $571.9000 to $580.7600 per share, with footnotes providing within-batch execution ranges. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
18 txns
Insider
SL SPV-2, L.P., SLTA SPV-2, L.P., SLTA SPV-2 (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
46,323 shs ($26.66M)
Approx. gross sale proceeds
$26.66M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock F2, F1, F3, F4 | 68,576 | $0.00 | $0.00 |
| Exercise | Class C Common Stock F1, F2, F3, F4 | 68,576 | -- | -- |
| Sale | Class C Common Stock F10, F3, F4 | 4,495 | $571.90 | $2.57M |
| Sale | Class C Common Stock F11, F3, F4 | 4,984 | $572.50 | $2.85M |
| Sale | Class C Common Stock F12, F3, F4 | 5,651 | $573.77 | $3.24M |
| Sale | Class C Common Stock F13, F3, F4 | 7,109 | $574.66 | $4.09M |
| Sale | Class C Common Stock F14, F3, F4 | 7,847 | $575.59 | $4.52M |
| Sale | Class C Common Stock F15, F3, F4 | 5,545 | $576.68 | $3.20M |
| Sale | Class C Common Stock F16, F3, F4 | 2,572 | $577.84 | $1.49M |
| Sale | Class C Common Stock F17, F3, F4 | 4,122 | $578.66 | $2.39M |
| Sale | Class C Common Stock F18, F3, F4 | 2,813 | $579.63 | $1.63M |
| Sale | Class C Common Stock F19, F3, F4 | 674 | $580.21 | $391K |
| Sale | Class C Common Stock F20, F3, F4 | 511 | $580.76 | $297K |
| holding | Class B Common Stock F2, F22 | -- | -- | -- |
| holding | Class C Common Stock F5, F6, F7 | -- | -- | -- |
| holding | Class C Common Stock F8 | -- | -- | -- |
| holding | Class C Common Stock F9 | -- | -- | -- |
| holding | Class C Common Stock F21 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 15,891,435 contracts (Indirect, Held through SL SPV-2, L.P.);
Class C Common Stock — 22,254 shares (Indirect, Held through SL SPV-2, L.P.);
Class B Common Stock — 25,492,011 contracts (Indirect, See footnote);
Class C Common Stock — 278,010 shares (Indirect, See footnotes);
Class C Common Stock — 1,401,636 shares (Direct);
Class C Common Stock — 83,477 shares (Indirect, See footnote)
Footnotes (22)
- F1. 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 October 6, 2026.
- F2. 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 October 6, 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.
- F3. These securities are held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C.
- F4. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (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.
- F5. RESERVED.
- F6. RESERVED.
- F7. 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 certain employees and managing members of SLG or its affiliates.
- F8. Reflects shares of Class C Common Stock held directly by Mr. Durban. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on October 6, 2026.
- F9. Reflects shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
- F10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $571.1500 to $572.1200 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.
- F11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $572.1600 to $573.1067 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.
- F12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $573.1800 to $574.1700 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.
- F13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $574.1900 to $575.1800 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.
- F14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $575.1900 to $576.1861 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.
- F15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $576.1900 to $577.1756 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.
- F16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $577.1927 to $578.1698 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.
- F17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $578.1924 to $579.1839 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.
- F18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $579.1950 to $579.9900 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.
- F19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $580.0000 to $580.4000 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.
- F20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $580.4500 to $581.5000 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.
- F21. Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 19,761 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 11,567 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.
- F22. Following the transactions described in footnote (1), Silver Lake Partners IV, L.P. directly holds 16,313,354 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 8,830,398 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 240,022 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 108,237 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Class B shares converted: 68,576 shares
Class C shares acquired in conversion: 68,576 shares
Class C shares sold: 46,323 shares
+3 more
6 metrics
Class B shares converted
68,576 shares
Conversion on October 6, 2026
Class C shares acquired in conversion
68,576 shares
Conversion on October 6, 2026
Class C shares sold
46,323 shares
Reported sales on October 6, 2026
Class B shares following conversion
15,891,435 shares
Position following the October 6, 2026 conversion
Weighted-average sale price
$571.9000 per share
4,495 Class C shares; October 6, 2026
Weighted-average sale price
$580.7600 per share
511 Class C shares; October 6, 2026
Key Terms
weighted average price, convertible, beneficial ownership, pecuniary interest
4 terms
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.
convertible financial
"is convertible into one share of Class C Common Stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficial ownership financial
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of such Reporting Person's pecuniary interest"
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