STOCK TITAN

[Form 4] Dell Technologies Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Dell Technologies (NYSE:DELL) filed a Form 4 revealing that Silver Lake Group and director/10% owner Egon Durban sold 10,681 Class C shares on 24 Jun 2025 at weighted-average prices of $120.22–$120.86, generating roughly $1.28 million in proceeds.

After the sale, the reporting persons still beneficially own about 1.04 million shares, so the divestiture represents only ≈1 % of their total position. The filing does not indicate that the trades were executed under a Rule 10b5-1 plan.

Because the transaction involves a director and >10 % shareholder, it may be interpreted as a mildly negative insider-sentiment signal, although the stake reduction is immaterial to ownership or governance control.

Dell Technologies (NYSE:DELL) ha presentato un modulo Form 4 che rivela che Silver Lake Group e il direttore/detentore del 10% Egon Durban hanno venduto 10.681 azioni di Classe C il 24 giugno 2025 a prezzi medi ponderati compresi tra $120,22 e $120,86, generando circa 1,28 milioni di dollari di ricavi.

Dopo la vendita, le persone che hanno effettuato la segnalazione possiedono ancora beneficiariamente circa 1,04 milioni di azioni, quindi la cessione rappresenta solo circa l'1% della loro posizione totale. Il modulo non indica che le operazioni siano state eseguite nell'ambito di un piano Rule 10b5-1.

Poiché la transazione coinvolge un direttore e un azionista con oltre il 10%, può essere interpretata come un segnale di sentiment interno leggermente negativo, anche se la riduzione della partecipazione è irrilevante per il controllo della proprietà o della governance.

Dell Technologies (NYSE:DELL) presentó un Formulario 4 que revela que Silver Lake Group y el director/propietario del 10% Egon Durban vendieron 10,681 acciones Clase C el 24 de junio de 2025 a precios promedio ponderados entre $120.22 y $120.86, generando aproximadamente $1.28 millones en ingresos.

Después de la venta, las personas que reportan aún poseen beneficiosamente alrededor de 1.04 millones de acciones, por lo que la desinversión representa solo aproximadamente el 1% de su posición total. El formulario no indica que las operaciones se hayan ejecutado bajo un plan Rule 10b5-1.

Dado que la transacción involucra a un director y accionista con más del 10%, puede interpretarse como una señal de sentimiento interno ligeramente negativa, aunque la reducción de la participación es insignificante para el control de propiedad o gobernanza.

Dell Technologies (NYSE:DELL)는 Silver Lake Group과 이사이자 10% 지분 보유자인 Egon Durban이 2025년 6월 24일에 클래스 C 주식 10,681주를 가중 평균 가격 $120.22~$120.86에 매각하여 약 128만 달러의 수익을 올렸다는 내용을 담은 Form 4를 제출했습니다.

매각 후 보고자는 여전히 약 104만 주를 실질적으로 보유하고 있어 이번 매각은 전체 보유 지분의 약 1%에 불과합니다. 제출서류에는 거래가 Rule 10b5-1 계획에 따라 실행되었다는 내용은 없습니다.

이 거래는 이사이자 10% 이상 주주가 관련된 것으로, 내부자 심리에서 다소 부정적인 신호로 해석될 수 있지만, 지분 축소가 소유권이나 경영권 통제에 미치는 영향은 미미합니다.

Dell Technologies (NYSE:DELL) a déposé un formulaire 4 révélant que Silver Lake Group et le directeur/détenteur de 10 % Egon Durban ont vendu 10 681 actions de classe C le 24 juin 2025 à des prix moyens pondérés compris entre 120,22 $ et 120,86 $, générant environ 1,28 million de dollars de recettes.

Après la vente, les personnes déclarantes détiennent encore bénéficiairement environ 1,04 million d’actions, de sorte que cette cession ne représente qu’environ 1 % de leur position totale. Le dépôt ne précise pas que les transactions ont été effectuées dans le cadre d’un plan Rule 10b5-1.

Étant donné que la transaction implique un directeur et un actionnaire détenant plus de 10 %, elle peut être interprétée comme un signal d’humeur interne légèrement négatif, bien que la réduction de la participation soit insignifiante en termes de contrôle de la propriété ou de la gouvernance.

Dell Technologies (NYSE:DELL) reichte ein Formular 4 ein, das offenlegt, dass die Silver Lake Group und der Direktor/10%-Eigentümer Egon Durban am 24. Juni 2025 10.681 Class C-Aktien zu gewichteten Durchschnittspreisen von $120,22–$120,86 verkauft haben und dabei rund 1,28 Millionen Dollar erlöst haben.

Nach dem Verkauf besitzen die meldenden Personen weiterhin begünstigt etwa 1,04 Millionen Aktien, sodass der Verkauf nur etwa 1% ihrer Gesamtposition ausmacht. Das Formular gibt nicht an, dass die Transaktionen im Rahmen eines Rule 10b5-1-Plans durchgeführt wurden.

Da die Transaktion einen Direktor und einen Aktionär mit >10 % Beteiligung betrifft, kann sie als leicht negatives Insider-Stimmungssignal interpretiert werden, obwohl die Reduzierung der Beteiligung für Eigentums- oder Kontrollrechte unerheblich ist.

Positive
  • None.
Negative
  • Director and 10% owner Egon Durban/Silver Lake sold 10,681 Class C shares for approximately $1.28 million, reducing their stake by about 1 %.

Insights

TL;DR: $1.3 m sale—symbolic bearish cue, limited size

Silver Lake and Durban trimmed their Dell position by 10,681 shares, worth ~$1.28 m, only ≈1 % of their holdings. Absence of a disclosed 10b5-1 plan implies discretionary timing at near-high prices, which can be read as opportunistic profit-taking. Historical studies show clustered director sales sometimes precede price pauses, but sub-2 % reductions carry minimal predictive power. Overall, a mildly negative sentiment indicator rather than a structural red flag.

TL;DR: Ownership influence intact; governance impact negligible

The transaction does not change board dynamics—Silver Lake remains a >10 % owner and Durban retains extensive influence with ~1.04 m shares outstanding. Shares sold came from incentive-related vehicles, suggesting liquidity for internal stakeholders rather than a strategic exit. The volume equals <0.3 % of Dell’s average daily trading, unlikely to disrupt market liquidity. I view the event as routine portfolio management with limited governance consequences.

Dell Technologies (NYSE:DELL) ha presentato un modulo Form 4 che rivela che Silver Lake Group e il direttore/detentore del 10% Egon Durban hanno venduto 10.681 azioni di Classe C il 24 giugno 2025 a prezzi medi ponderati compresi tra $120,22 e $120,86, generando circa 1,28 milioni di dollari di ricavi.

Dopo la vendita, le persone che hanno effettuato la segnalazione possiedono ancora beneficiariamente circa 1,04 milioni di azioni, quindi la cessione rappresenta solo circa l'1% della loro posizione totale. Il modulo non indica che le operazioni siano state eseguite nell'ambito di un piano Rule 10b5-1.

Poiché la transazione coinvolge un direttore e un azionista con oltre il 10%, può essere interpretata come un segnale di sentiment interno leggermente negativo, anche se la riduzione della partecipazione è irrilevante per il controllo della proprietà o della governance.

Dell Technologies (NYSE:DELL) presentó un Formulario 4 que revela que Silver Lake Group y el director/propietario del 10% Egon Durban vendieron 10,681 acciones Clase C el 24 de junio de 2025 a precios promedio ponderados entre $120.22 y $120.86, generando aproximadamente $1.28 millones en ingresos.

Después de la venta, las personas que reportan aún poseen beneficiosamente alrededor de 1.04 millones de acciones, por lo que la desinversión representa solo aproximadamente el 1% de su posición total. El formulario no indica que las operaciones se hayan ejecutado bajo un plan Rule 10b5-1.

Dado que la transacción involucra a un director y accionista con más del 10%, puede interpretarse como una señal de sentimiento interno ligeramente negativa, aunque la reducción de la participación es insignificante para el control de propiedad o gobernanza.

Dell Technologies (NYSE:DELL)는 Silver Lake Group과 이사이자 10% 지분 보유자인 Egon Durban이 2025년 6월 24일에 클래스 C 주식 10,681주를 가중 평균 가격 $120.22~$120.86에 매각하여 약 128만 달러의 수익을 올렸다는 내용을 담은 Form 4를 제출했습니다.

매각 후 보고자는 여전히 약 104만 주를 실질적으로 보유하고 있어 이번 매각은 전체 보유 지분의 약 1%에 불과합니다. 제출서류에는 거래가 Rule 10b5-1 계획에 따라 실행되었다는 내용은 없습니다.

이 거래는 이사이자 10% 이상 주주가 관련된 것으로, 내부자 심리에서 다소 부정적인 신호로 해석될 수 있지만, 지분 축소가 소유권이나 경영권 통제에 미치는 영향은 미미합니다.

Dell Technologies (NYSE:DELL) a déposé un formulaire 4 révélant que Silver Lake Group et le directeur/détenteur de 10 % Egon Durban ont vendu 10 681 actions de classe C le 24 juin 2025 à des prix moyens pondérés compris entre 120,22 $ et 120,86 $, générant environ 1,28 million de dollars de recettes.

Après la vente, les personnes déclarantes détiennent encore bénéficiairement environ 1,04 million d’actions, de sorte que cette cession ne représente qu’environ 1 % de leur position totale. Le dépôt ne précise pas que les transactions ont été effectuées dans le cadre d’un plan Rule 10b5-1.

Étant donné que la transaction implique un directeur et un actionnaire détenant plus de 10 %, elle peut être interprétée comme un signal d’humeur interne légèrement négatif, bien que la réduction de la participation soit insignifiante en termes de contrôle de la propriété ou de la gouvernance.

Dell Technologies (NYSE:DELL) reichte ein Formular 4 ein, das offenlegt, dass die Silver Lake Group und der Direktor/10%-Eigentümer Egon Durban am 24. Juni 2025 10.681 Class C-Aktien zu gewichteten Durchschnittspreisen von $120,22–$120,86 verkauft haben und dabei rund 1,28 Millionen Dollar erlöst haben.

Nach dem Verkauf besitzen die meldenden Personen weiterhin begünstigt etwa 1,04 Millionen Aktien, sodass der Verkauf nur etwa 1% ihrer Gesamtposition ausmacht. Das Formular gibt nicht an, dass die Transaktionen im Rahmen eines Rule 10b5-1-Plans durchgeführt wurden.

Da die Transaktion einen Direktor und einen Aktionär mit >10 % Beteiligung betrifft, kann sie als leicht negatives Insider-Stimmungssignal interpretiert werden, obwohl die Reduzierung der Beteiligung für Eigentums- oder Kontrollrechte unerheblich ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Silver Lake Group, L.L.C.

(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Dell Technologies Inc. [ DELL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C Common Stock 06/24/2025 S 4,781 D $120.2205(1) 1,022 I See footnote(3)
Class C Common Stock 06/24/2025 S 1,022 D $120.8626(2) 0 I See footnote(3)
Class C Common Stock 06/24/2025 S 4,019 D $120.2205(1) 859 I See footnote(4)
Class C Common Stock 06/24/2025 S 859 D $120.8626(2) 0 I See footnote(4)
Class C Common Stock 65,020 I See footnote(5)
Class C Common Stock 938,741 D(6)
Class C Common Stock 39,296 I See footnote(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Silver Lake Group, L.L.C.

(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Durban Egon

(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100

(Street)
MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.76 to $120.75, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.77 to $120.99, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. These securities are directly held by Silver Lake Group, L.L.C. ("SLG").
4. These shares of Common Stock are held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest.
5. This amount reflects 18,400, 9,725 and 36,895 shares held by SLTA SPV-2, 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, including Mr. Durban.
6. Represents shares of Class C Common Stock held by Mr. Durban.
7. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
Remarks:
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C. 06/26/2025
By: /s/ Justin G. Hamill, Attorney-in-fact for Egon Durban 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Dell Technologies shares did Silver Lake and Egon Durban sell on June 24 2025?

They sold 10,681 Class C shares according to the Form 4.

What was the average sale price of the shares sold by [[DELL]]'s director?

Shares were sold at weighted-average prices of $120.22 and $120.86, or about $120.3 overall.

What was the total dollar value of the insider sale disclosed by [[DELL]]?

The transaction generated roughly $1.28 million in gross proceeds.

How many Dell shares does Egon Durban still own after the June 2025 sale?

The Form 4 reports continued beneficial ownership of about 1.04 million Class C shares.

Did the filing state that the insider sale was executed under a Rule 10b5-1 trading plan?

No. The Form 4 does not indicate the transactions were made pursuant to a Rule 10b5-1(c) plan.

What percentage of Egon Durban's Dell holdings was sold in the June 2025 transaction?

The 10,681 shares represent approximately 1 % of his reported beneficial stake.
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