Silver Lake-linked entities (NYSE: DELL) log small Dell Class C share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dell Technologies Inc. reported insider activity by Silver Lake-affiliated entities involving Dell Class C Common Stock. On June 9, 2026, Silver Lake Technology Investors V, L.P. executed open-market sales totaling 39 shares at prices around $402.89–$406.42 per share.
Footnotes describe related in-kind distributions of Class C shares and conversions of Class B into Class C shares that were exempt from reporting under Rule 16a-13. Following these transactions and distributions, certain Silver Lake funds and Silver Lake Partners V DE (AIV), L.P. continue to hold Dell Class C shares, while Egon Durban’s interests are primarily through Silver Lake Group structures rather than direct trades.
Positive
- None.
Negative
- None.
Insights
Silver Lake entities reported very small net sales in Dell shares alongside internal reallocations.
Silver Lake Technology Investors V, L.P. recorded open-market sales of 39 Dell Class C shares on June 9, 2026, at prices between roughly $403 and $406 per share. These are immaterial in size relative to typical institutional holdings.
Footnotes explain concurrent in-kind distributions of Class C shares and conversions of Class B into Class C under Rule 16a-13, meaning those receipt transactions are exempt from reporting as trades. Some Silver Lake-related entities, including Silver Lake Partners V DE (AIV), L.P., continue to hold Dell Class C shares after these actions.
The filing reflects portfolio adjustments and internal reallocations by Silver Lake-affiliated vehicles rather than a large directional move. Future company filings may provide additional context on any further changes in Silver Lake’s Dell ownership structure.
Insider Trade Summary
Net Seller: 39 shares ($15,783)
Net Sell
10 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
39 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 13 | $403.51 | $5K |
| Sale | Class C Common Stock | 10 | $404.39 | $4K |
| Sale | Class C Common Stock | 11 | $405.64 | $4K |
| Sale | Class C Common Stock | 5 | $406.30 | $2K |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C 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 C Common Stock — 25 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 1,317,963 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 June 9, 2026 and initiated in-kind distributions of shares of Class C Common Stock on June 9, 2026. The receipt of shares of Class C Common Stock by each of the Reporting Persons in connection with such distributions was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. 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 June 9, 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 and distributions 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. Reflects shares of Class C Common Stock held by SLG. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on June 9, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest including shares received in connection with the distributions of shares of Class C Common Stock on June 9, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. In connection with the distributions described in footnote (1) above, distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Mr. Durban. This amount reflects 24,563, 24,932, 114,663 and 56 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P., SLG and Silver Lake Secondary Holdings L.P., respectively, on behalf of such individuals, including shares distributed in the June 9, 2026 distributions. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Represents shares of Class C Common Stock held by Mr. Durban including shares received in connection with the distributions of shares of Class C Common Stock on June 9, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on June 9, 2026. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members, including shares received in connection with the distributions of shares of Class C Common Stock on June 9, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.8869 to $403.8201 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 $403.9600 to $404.9423 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 $405.1000 to $406.0000 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 $406.1500 to $406.4200 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 0 shares of Class C Common Stock, Silver Lake Partners IV L.P. directly holds 0 shares, Silver Lake Partners V DE (AIV), L.P. directly holds 5,322 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 related transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 39 shares
Sale price range 1: $402.8869–$403.8201 per share
Sale price range 2: $403.9600–$404.9423 per share
+4 more
7 metrics
Shares sold
39 shares
Total Dell Class C shares sold on June 9, 2026
Sale price range 1
$402.8869–$403.8201 per share
Weighted average range for one sale group
Sale price range 2
$403.9600–$404.9423 per share
Weighted average range for another sale group
Sale price range 3
$405.1000–$406.0000 per share
Weighted average range for additional sales
Sale price range 4
$406.1500–$406.4200 per share
Weighted average range for highest-priced sales
Silver Lake Partners V DE (AIV) holdings
5,322 shares
Class C Common Stock directly held after transactions
Shares held on behalf of individuals by SLG
114,663 shares
Class C shares held by Silver Lake Group, L.L.C. for individuals
Key Terms
Rule 16a-13, weighted average price, in-kind distributions, Class B Common Stock, +1 more
5 terms
Rule 16a-13 regulatory
"The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act."
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.
in-kind distributions financial
"sold certain shares ... and initiated in-kind distributions of shares of Class C Common Stock on June 9, 2026."
Class B Common Stock financial
"Each share of Class B Common Stock ... is convertible into one share of Class C Common Stock at any time."
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.
pecuniary interest financial
"shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest"
FAQ
What Dell (DELL) insider transactions did Silver Lake report on June 9, 2026?
Silver Lake-affiliated entities reported open-market sales of Dell Class C Common Stock on June 9, 2026. Silver Lake Technology Investors V, L.P. sold a total of 39 shares, alongside internal in-kind distributions and related conversions between Class B and Class C shares described in the footnotes.