Silver Lake fund sells 36,982 Dell (NYSE: DELL) shares, converts 51,884
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake Partners V DE (AIV), L.P., an entity associated with Dell Technologies director Egon Durban, reported a mix of share sales and conversions in Dell Technologies Inc. stock. On July 6, 2026, the entity sold 36,982 shares of Dell Class C Common Stock in multiple open-market transactions, at weighted-average prices ranging from about $405 to $419 per share. On the same date, certain reporting persons converted 51,884 shares of Dell Class B Common Stock into an equal number of Class C shares in connection with these sales. After these transactions, an affiliated Silver Lake vehicle continued to hold a large indirect position in Class B Common Stock convertible into 34,696,427 Class C shares, indicating substantial ongoing exposure to Dell.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 36,982 shares ($15,181,952)
Net Sell
20 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
36,982 shs ($15.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 51,884 | $0.00 | -- |
| Exercise | Class C Common Stock | 51,884 | $0.00 | -- |
| Sale | Class C Common Stock | 2,084 | $405.36 | $845K |
| Sale | Class C Common Stock | 797 | $406.35 | $324K |
| Sale | Class C Common Stock | 2,886 | $407.59 | $1.18M |
| Sale | Class C Common Stock | 6,766 | $408.52 | $2.76M |
| Sale | Class C Common Stock | 5,352 | $409.49 | $2.19M |
| Sale | Class C Common Stock | 7,125 | $410.68 | $2.93M |
| Sale | Class C Common Stock | 5,585 | $411.40 | $2.30M |
| Sale | Class C Common Stock | 808 | $412.51 | $333K |
| Sale | Class C Common Stock | 22 | $413.30 | $9K |
| Sale | Class C Common Stock | 1,820 | $415.49 | $756K |
| Sale | Class C Common Stock | 2,049 | $416.34 | $853K |
| Sale | Class C Common Stock | 661 | $417.78 | $276K |
| Sale | Class C Common Stock | 1,027 | $418.49 | $430K |
| holding | Class B 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 — 9,411,815 shares (Indirect, Held through Silver Lake Partners V DE (AIV), L.P.);
Class C Common Stock — 51,884 shares (Indirect, Held through Silver Lake Partners V DE (AIV), L.P.);
Class C Common Stock — 1,374,245 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 July 6, 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 July 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. 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. RESERVED RESERVED This amount reflects 29,494, 11,109, 28,109, 81,500 and 126 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, 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 $405.0000 to $405.8100 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 $406.0000 to $406.9600 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 $407.0200 to $408.0100 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 $408.0366 to $409.0288 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 $409.0300 to $410.0262 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 $410.0514 to $411.0409 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 $411.0500 to $412.0400 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 $412.0725 to $412.9500 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 $413.2900 to $413.5186 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 $415.0000 to $415.9954 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 $416.0000 to $416.9900 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $417.0000 to $418.0000 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 $418.1400 to $419.0600 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 30,167 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 23,084 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. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 16,937,769 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 17,387,467 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 255,827 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 115,364 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 36,982 shares
Shares converted: 51,884 shares
Sale price range: $405–$419 per share
+3 more
6 metrics
Shares sold
36,982 shares
Dell Class C Common Stock sold on July 6, 2026
Shares converted
51,884 shares
Class B Common Stock converted into Class C on July 6, 2026
Sale price range
$405–$419 per share
Weighted-average sale price ranges from multiple open-market trades
Net share activity
-36,982 shares
Net buy/sell shares from transaction summary (net-sell direction)
Shares exercised
51,884 shares
Exercise/conversion transactions (code M) in Form 4
Remaining convertible stake
34,696,427 shares
Class B Common Stock convertible into Class C, held indirectly
Key Terms
Class C Common Stock, Class B Common Stock, convertible, weighted average price, +2 more
6 terms
Class C Common Stock financial
"sold certain shares of Class C Common Stock, par value $0.01 per share"
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"
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.
convertible financial
"Each share of Class B Common Stock ... is convertible into one share of Class C Common Stock at any time"
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.
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially owned indirectly financial
"Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban"
FAQ
What is the significance of the Class B to Class C conversion for Dell (DELL)?
Each Dell Class B share is convertible one-for-one into Class C. On July 6, 2026, certain reporting persons converted 51,884 Class B shares into Class C in connection with the reported sales, changing the mix of their holdings but not the total economic exposure.
How large is Silver Lake’s remaining indirect Dell (DELL) position after these transactions?
A Silver Lake-related vehicle continues to hold Class B Common Stock convertible into 34,696,427 Class C shares on an indirect basis. This sizeable convertible stake indicates that Silver Lake-associated entities still have substantial exposure to Dell Technologies Inc.
Are these Dell (DELL) insider transactions by Egon Durban personally?
The Form 4 shows transactions primarily through Silver Lake entities, including Silver Lake Partners V DE (AIV), L.P. Footnotes explain that Egon Durban is a managing member of an upstream entity; some Class C holdings are reported as held directly and indirectly for his benefit.