Silver Lake entities (NYSE: DELL) sell and convert Dell Technologies shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake Technology Investors IV, L.P. and related Silver Lake entities reported open-market sales of 1,409 shares of Dell Technologies Class C Common Stock on July 6, 2026, at weighted average prices between $405.00 and $419.06 per share.
On the same date, they exercised 1,410 shares of Class B Common Stock, converting them into an equal number of Class C shares in connection with these sales. Footnotes indicate Silver Lake still indirectly holds 43,852,415 shares of Class B Common Stock convertible into Class C, while director Egon Durban directly owns 1,374,245 Class C shares and 150,338 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,409 shares ($578,426)
Net Sell
20 txns
Insider
Silver Lake Technology Investors IV, L.P., Silver Lake Technology Associates IV, L.P., SLTA IV (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon
Role
null | null | null | null | null
Sold
1,409 shs ($578K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 1,410 | $0.00 | -- |
| Exercise | Class C Common Stock | 1,410 | $0.00 | -- |
| Sale | Class C Common Stock | 79 | $405.36 | $32K |
| Sale | Class C Common Stock | 30 | $406.35 | $12K |
| Sale | Class C Common Stock | 110 | $407.59 | $45K |
| Sale | Class C Common Stock | 258 | $408.52 | $105K |
| Sale | Class C Common Stock | 204 | $409.49 | $84K |
| Sale | Class C Common Stock | 272 | $410.68 | $112K |
| Sale | Class C Common Stock | 213 | $411.40 | $88K |
| Sale | Class C Common Stock | 31 | $412.51 | $13K |
| Sale | Class C Common Stock | 1 | $413.30 | $413.30 |
| Sale | Class C Common Stock | 69 | $415.49 | $29K |
| Sale | Class C Common Stock | 78 | $416.34 | $32K |
| Sale | Class C Common Stock | 25 | $417.78 | $10K |
| Sale | Class C Common Stock | 39 | $418.49 | $16K |
| 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 — 255,827 shares (Indirect, Held through Silver Lake Technology Investors IV, L.P.);
Class C Common Stock — 1,410 shares (Indirect, Held through Silver Lake Technology Investors IV, 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 IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (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 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 Partners V DE (AIV), L.P. directly holds 9,411,815 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: 1,409 shares
Exercise and conversion: 1,410 shares
Sale price range: $405.00–$419.06 per share
+3 more
6 metrics
Shares sold
1,409 shares
Class C Common Stock sold on July 6, 2026
Exercise and conversion
1,410 shares
Class B converted into Class C on July 6, 2026
Sale price range
$405.00–$419.06 per share
Weighted average sale price ranges from multiple trades
Remaining Class B position
43,852,415 shares
Indirect Class B holdings convertible into Class C
Durban direct Class C holdings
1,374,245 shares
Shares of Class C Common Stock held directly
Durban indirect Class C holdings
150,338 shares
Indirectly held through a family trust
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"
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"
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.
beneficially owned indirectly financial
"Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban"
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer."
FAQ
What insider activity did Silver Lake report in Dell Technologies (DELL)?
Silver Lake-affiliated entities reported selling 1,409 shares of Dell Technologies Class C Common Stock on July 6, 2026. These were open-market sales at weighted average prices between $405.00 and $419.06 per share, according to the Form 4 filing.
What Dell Technologies holdings are attributed to director Egon Durban?
Footnotes state Egon Durban directly holds 1,374,245 shares of Dell Technologies Class C Common Stock. He also beneficially owns 150,338 shares of Class C Common Stock indirectly through a family trust for certain family members’ benefit.
Were Dell Technologies (DELL) trades by Silver Lake done in the open market?
Yes. Each Form 4 transaction with code S is described as a sale in open market or private transaction. Footnotes explain prices shown are weighted averages for multiple trades within specified intraday price ranges around the reported levels.