Silver Lake trims Dell stake; Durban donates shares
Dell Technologies director-affiliated funds adjusted their holdings in June 2026.
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Form Type
4
Rhea-AI Filing Summary
Dell Technologies director-affiliated funds adjusted their holdings in June 2026. On June 9, 2026, Silver Lake Partners IV, L.P., an entity affiliated with Dell director Egon Durban, sold 5,327 shares of Class C Common Stock in open-market transactions at weighted average prices between about $403 and $406 per share. The same day, Durban was deemed to receive 2,791 Class C shares in a distribution and donated all of them to a charitable foundation, leaving him with 1,317,963 shares held directly. Related Silver Lake entities also converted Class B into Class C shares and reallocated positions among affiliated funds and employee vehicles as in-kind distributions.
Insider Trade Summary
Net Seller: 5,327 shares
Net Sell
11 txns
Insider
Silver Lake Partners 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
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director
Sold
5,327 shs ($2.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 1,781 | $403.51 | $719K |
| Sale | Class C Common Stock | 1,404 | $404.39 | $568K |
| Sale | Class C Common Stock | 1,499 | $405.64 | $608K |
| Sale | Class C Common Stock | 643 | $406.30 | $261K |
| Other | Class C Common Stock | 1,993 | $0.00 | $0.00 |
| Gift | Class C Common Stock | 2,791 | $0.00 | $0.00 |
| 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 — 0 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 1,317,963 shares (Direct);
Class C Common Stock — 9,359 shares (Indirect, Held through Silver Lake Group, L.L.C.);
Class C Common Stock — 221,615 shares (Indirect, See footnote)
Footnotes (14)
- F1. 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.
- F2. 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.
- F3. These securities are directly held by Silver Lake Partners IV, L.P. The general partner of Silver Lake Partners 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. Represents shares of Class C Common Stock held directly by Mr. Durban. The 2,791 shares represent shares of Class C Common Stock deemed received by Mr. Durban in connection with the distribution of shares of Class C Common Stock described herein on June 9, 2026, all of which were donated on such day to a charitable foundation. The deemed receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F9. 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.
- F10. 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.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 0 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 5,322 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 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 related transactions are reported on separate Form 4 filings.
Key Figures
Shares sold by Silver Lake Partners IV: 5,327 shares
Sale price example 1: $403.51 per share
Sale price example 2: $404.39 per share
+5 more
8 metrics
Shares sold by Silver Lake Partners IV
5,327 shares
Open-market sales of Dell Class C on June 9, 2026
Sale price example 1
$403.51 per share
One block of Dell Class C sales on June 9, 2026
Sale price example 2
$404.39 per share
One block of Dell Class C sales on June 9, 2026
Sale price example 3
$405.64 per share
One block of Dell Class C sales on June 9, 2026
Sale price example 4
$406.30 per share
One block of Dell Class C sales on June 9, 2026
Charitable gift by Egon Durban
2,791 shares
Dell Class C shares donated on June 9, 2026
Durban direct holdings after gift
1,317,963 shares
Dell Class C Common Stock held directly following June 9, 2026
Silver Lake Partners V DE (AIV) holdings
5,322 shares
Dell Class C shares held directly after distributions
Key Terms
bona fide gift, Rule 16a-13, weighted average price, director by deputization, +1 more
5 terms
bona fide gift financial
"The 2,791 shares represent shares of Class C Common Stock deemed received ... all of which were donated on such day to a charitable foundation."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
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. These shares were sold in multiple transactions at prices ranging from..."
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.
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer."
in-kind distributions financial
"sold certain shares ... and initiated in-kind distributions of shares of Class C Common Stock on June 9, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Silver Lake report for Dell (DELL) on June 9, 2026?
Silver Lake Partners IV, L.P. reported selling 5,327 shares of Dell Class C Common Stock on June 9, 2026 in open-market trades around $403–$406 per share. Related Silver Lake funds also received and redistributed Class C shares through in-kind distributions and conversions.
What was the charitable gift reported in Dell (DELL) director Egon Durban’s Form 4?
The Form 4 reports a bona fide gift of 2,791 Dell Class C shares by Egon Durban on June 9, 2026. These shares were deemed received in a distribution that day and then donated in full to a charitable foundation, leaving his direct stake unchanged by the gift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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