Dell Technologies (NYSE: DELL) holder Silver Lake sells small share block
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake Technology Investors V, L.P., a major Dell Technologies holder, reported a small round of trades in Dell Class C Common Stock. On July 6, 2026, the Silver Lake entity sold a total of 636 shares of Class C Common Stock in multiple open-market transactions, at prices ranging from about $405 to $419.06 per share, through Silver Lake Technology Investors V, L.P.
On the same date, certain reporting persons converted 636 shares of Class B Common Stock into an equal number of Class C shares in connection with these sales. After the transactions, an affiliated Silver Lake vehicle still indirectly holds Class B Common Stock convertible into 43,992,878 shares of Class C Common Stock, indicating these trades represent a very small portion of the overall position. The transactions are reported for entities associated with Silver Lake and not as personal trades by individual directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 636 shares ($261,081)
Net Sell
20 txns
Insider
Silver Lake Technology Investors V, 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
636 shs ($261K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 636 | $0.00 | -- |
| Exercise | Class C Common Stock | 636 | $0.00 | -- |
| Sale | Class C Common Stock | 36 | $405.36 | $15K |
| Sale | Class C Common Stock | 14 | $406.35 | $6K |
| Sale | Class C Common Stock | 50 | $407.59 | $20K |
| Sale | Class C Common Stock | 116 | $408.52 | $47K |
| Sale | Class C Common Stock | 92 | $409.49 | $38K |
| Sale | Class C Common Stock | 123 | $410.68 | $51K |
| Sale | Class C Common Stock | 96 | $411.40 | $39K |
| Sale | Class C Common Stock | 14 | $412.51 | $6K |
| Sale | Class C Common Stock | 1 | $413.30 | $413.30 |
| Sale | Class C Common Stock | 31 | $415.49 | $13K |
| Sale | Class C Common Stock | 35 | $416.34 | $15K |
| Sale | Class C Common Stock | 11 | $417.78 | $5K |
| Sale | Class C Common Stock | 17 | $418.49 | $7K |
| 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 — 115,364 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 636 shares (Indirect, Held through Silver Lake Technology Investors V, 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 Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, 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 Partners V DE (AIV), L.P. directly holds 14,901 shares of Class C Common Stock, and Silver Lake Technology Investors IV, 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 Partners V DE (AIV), L.P. directly holds 9,411,815 shares of Class B Common Stock, and Silver Lake Technology Investors IV, L.P. directly holds 255,827 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 636 shares of Class C Common Stock
Sale price range: $405.00–$419.06 per share
Shares converted: 636 shares of Class B to Class C
+3 more
6 metrics
Shares sold
636 shares of Class C Common Stock
Open-market transactions on July 6, 2026
Sale price range
$405.00–$419.06 per share
Weighted-average sale price ranges from multiple trades
Shares converted
636 shares of Class B to Class C
Conversion on July 6, 2026 tied to sales
Remaining convertible position
43,992,878 underlying Class C shares
Class B Common Stock indirectly held and convertible
Remaining Class B derivative line
115,364 Class B Common Stock
Total shares following derivative transaction
Non-derivative Class C position
636 shares
Total Class C shares following related exercise
Key Terms
Class C Common Stock, Class B Common Stock, weighted average price, derivative security, +1 more
5 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 is convertible into one share of Class C"
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.
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.
director by deputization financial
"Each of the Reporting Persons may be deemed a director by deputization"
FAQ
How large is Silver Lake’s remaining Dell (DELL) convertible Class B position?
A Silver Lake entity continues to hold Dell Class B Common Stock indirectly convertible into 43,992,878 shares of Class C Common Stock. This remaining derivative position shows the reported 636-share sale is very small relative to Silver Lake’s overall Dell exposure.
Are the Dell (DELL) trades attributed to Egon Durban personally?
No. Footnotes explain the reported Dell securities are held by Silver Lake funds, including Silver Lake Technology Investors V, L.P.. Egon Durban is a managing member at Silver Lake, so the filing reflects entity-level holdings rather than his personal trading activity.