Silver Lake (NYSE: DELL) entities sell 16,679 Dell Class C shares around $392–$401

Rhea-AI Filing Summary

Dell Technologies Inc. director-affiliated entities reported open-market sales of Class C Common Stock. On June 26, 2026, entities associated with Silver Lake Group, L.L.C. and director Egon Durban sold a combined 16,679 shares of Class C Common Stock in multiple transactions.

The shares were sold at weighted average prices ranging from about $392.30 to $401.00 per share. The filing also lists continued direct and indirect holdings of Class C Common Stock by the reporting persons, including a reported direct position of 1,374,245 shares following these transactions.

Insights

Equity ownership analyst

Silver Lake‑linked entities sold 16,679 Dell shares but retain sizable holdings.

Entities associated with Silver Lake Group, L.L.C. and director Egon Durban executed open-market sales totaling 16,679 shares of Dell Class C Common Stock on June 26, 2026. Sale prices were reported as weighted averages across several narrow ranges between $392.30 and $401.00 per share.

The transactions are pure stock sales (no option exercises or gifts), giving them clearer signaling value than routine compensation events. However, the filing also shows substantial remaining direct and indirect positions, including a reported direct holding of 1,374,245 shares of Class C Common Stock, suggesting these trades represent only a portion of the overall stake visible in this report.

Insider Trade Summary

Net Seller: 16,679 shares ($6,611,124)

Net Sell 17 txns

Insider Silver Lake Group, L.L.C., Durban Egon

Role null | null

Sold 16,679 shs ($6.61M)

Type	Security	Shares	Price	Value
Sale	Class C Common Stock	390	$392.47	$153K
Sale	Class C Common Stock	215	$392.47	$84K
Sale	Class C Common Stock	936	$393.89	$369K
Sale	Class C Common Stock	514	$393.89	$202K
Sale	Class C Common Stock	441	$394.81	$174K
Sale	Class C Common Stock	243	$394.81	$96K
Sale	Class C Common Stock	7,125	$396.24	$2.82M
Sale	Class C Common Stock	3,915	$396.24	$1.55M
Sale	Class C Common Stock	516	$398.16	$205K
Sale	Class C Common Stock	284	$398.16	$113K
Sale	Class C Common Stock	968	$399.38	$387K
Sale	Class C Common Stock	532	$399.38	$212K
Sale	Class C Common Stock	387	$400.67	$155K
Sale	Class C Common Stock	213	$400.67	$85K
holding	Class C Common Stock	--	--	--
holding	Class C Common Stock	--	--	--
holding	Class C Common Stock	--	--	--

Holdings After Transaction: Class C Common Stock — 10,375 shares (Indirect, Held through Silver Lake Group, L.L.C.); Class C Common Stock — 1,374,245 shares (Direct, null)

Footnotes (1)

1. Represents shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") directly held by Silver Lake Group, L.L.C. ("SLG"). Represents shares of Class C Common Stock held by entities in which Egon Durban may be deemed to have an indirect pecuniary interest. 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, including Mr. Durban 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 $392.3000 to $392.5400 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 $393.4250 to $394.0800 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 $394.4700 to $395.4503 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 $395.6661 to $396.2500 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 $397.6000 to $398.5000 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.9900 to $399.8800 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 $400.0000 to $401.0000 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.

Key Figures

Shares sold: 16,679 shares Highest weighted average sale price: $400.6700 per share Lowest weighted average sale price: $392.4700 per share +3 more

6 metrics

Shares sold 16,679 shares Total Dell Class C shares sold on June 26, 2026

Highest weighted average sale price $400.6700 per share One of several reported open-market sale prices

Lowest weighted average sale price $392.4700 per share One of several reported open-market sale prices

Direct holding after transactions 1,374,245 shares Reported direct Class C Common Stock position

Indirect holding entry 49,237 shares One line of indirect Class C Common Stock ownership

Additional indirect holding entry 150,338 shares Another line of indirect Class C Common Stock ownership

Key Terms

Class C Common Stock, weighted average price, indirect pecuniary interest, beneficially owned indirectly, +1 more

5 terms

Class C Common Stock financial

"Represents 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.

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.

indirect pecuniary interest financial

"held by entities in which Egon Durban may be deemed to have an indirect pecuniary interest."

beneficially owned indirectly financial

"Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban"

trust for the benefit of certain family members financial

"through a trust for the benefit of certain family members."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:30 PM Accepted by SEC EDGAR 06/30/2026 - 04:30 PM Learn about SEC filing dates

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 CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/26/2026		S		390	D	$392.47(6)	10,375	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		215	D	$392.47(6)	5,699	I	See footnote(2)
Class C Common Stock	06/26/2026		S		936	D	$393.89(7)	9,439	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		514	D	$393.89(7)	5,185	I	See footnote(2)
Class C Common Stock	06/26/2026		S		441	D	$394.81(8)	8,997	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		243	D	$394.81(8)	4,943	I	See footnote(2)
Class C Common Stock	06/26/2026		S		7,125	D	$396.24(9)	1,872	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		3,915	D	$396.24(9)	1,028	I	See footnote(2)
Class C Common Stock	06/26/2026		S		516	D	$398.16(10)	1,355	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		284	D	$398.16(10)	745	I	See footnote(2)
Class C Common Stock	06/26/2026		S		968	D	$399.38(11)	387	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		532	D	$399.38(11)	213	I	See footnote(2)
Class C Common Stock	06/26/2026		S		387	D	$400.67(12)	0	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	06/26/2026		S		213	D	$400.67(12)	0	I	See footnote(2)
Class C Common Stock								150,338	I	See footnote(3)
Class C Common Stock								1,374,245	D(4)
Class C Common Stock								49,237	I	See footnote(5)

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 CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

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 CALIFORNIA 94025

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Represents shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") directly held by Silver Lake Group, L.L.C. ("SLG").

2. Represents shares of Class C Common Stock held by entities in which Egon Durban may be deemed to have an indirect pecuniary interest.

3. 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, including Mr. Durban

4. Represents shares of Class C Common Stock held directly by Mr. Durban.

5. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $392.3000 to $392.5400 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.4250 to $394.0800 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.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $394.4700 to $395.4503 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.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $395.6661 to $396.2500 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.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $397.6000 to $398.5000 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.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.9900 to $399.8800 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.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.0000 to $401.0000 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.

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.	06/30/2026
	By: /s/ Justin G. Hamill, Attorney-in-fact for Egon Durban	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Silver Lake Group report in this Dell (DELL) Form 4 filing?

The filing reports that entities associated with Silver Lake Group, L.L.C. and director Egon Durban sold a combined 16,679 shares of Dell Class C Common Stock in open-market transactions on June 26, 2026, at various weighted average prices.

How many Dell (DELL) shares were sold and at what prices?

The reporting persons sold 16,679 shares of Dell Class C Common Stock. These sales occurred in multiple trades at weighted average prices ranging from about $392.30 to $401.00 per share, with detailed price ranges provided in several footnotes.

Were the Dell (DELL) insider transactions open-market sales or another type?

The transactions are classified as non-derivative open-market sales of Dell Class C Common Stock. The Form 4 uses transaction code “S”, indicating sales in the open market or private transactions, rather than option exercises, grants, gifts, or tax-withholding events.

Do Silver Lake and Egon Durban still hold Dell (DELL) shares after these sales?

Yes. The Form 4 lists continuing direct and indirect holdings of Dell Class C Common Stock by the reporting persons. This includes a reported direct position of 1,374,245 shares, along with additional indirect holdings through various entities and structures described in the footnotes.

Who is attributed as holding the Dell (DELL) shares involved in these transactions?

Shares are attributed to Silver Lake Group, L.L.C. and entities in which director Egon Durban may have an indirect pecuniary interest. Footnotes explain that some shares are held directly by Silver Lake Group and others through affiliated partnerships, funds, and a family trust structure.

What does “weighted average price” mean in this Dell (DELL) Form 4?

The Form 4 states that each reported weighted average price reflects multiple trades within a given price range. For each footnoted sale, the insiders note they can provide exact share counts at each separate price within ranges such as $392.3000–$392.5400 on request.