DELL Form 4: Silver Lake affiliates report 6,617 shares sold

Rhea-AI Filing Summary

Dell Technologies (DELL) insider filing: Reporting persons affiliated with Silver Lake, including director Egon Durban, reported open‑market sales of Class C Common Stock on 10/14/2025. The transactions totaled 6,617 shares (3,538 and 3,079 shares) at a weighted average price of $151.63.

According to the footnotes, the shares were sold in multiple trades at prices ranging from $151.384 to $151.90 per share. Following the reported sales, disclosed holdings include 270,064 shares indirectly through specified Silver Lake and related entities, 1,184,092 shares held directly by Mr. Durban, and 46,985 shares indirectly through a family trust. The filing notes a joint submission by the reporting persons and disclaims beneficial ownership beyond each filer’s pecuniary interest.

Insights

Corporate governance analyst

Routine insider sale; holdings remain significant.

The filing lists open‑market sales on 10/14/2025 totaling 6,617 Dell Class C shares at a weighted average of $151.63, executed across a price range of $151.384 to $151.90. These are reported by Silver Lake–affiliated entities and director Egon Durban.

The document also shows sizable remaining positions: 270,064 shares indirectly via specified entities, 1,184,092 shares directly by Mr. Durban, and 46,985 shares indirectly via a family trust. The joint filing includes standard ownership disclaimers, indicating reporting for pecuniary interest.

Actual market impact depends on ongoing holder decisions and future transactions disclosed in subsequent filings; the current data indicates completed sales on the stated date at the listed prices.

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

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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 CA 94025

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2025

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

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

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

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	10/14/2025		S		3,538	D	$151.63(6)	0	I	Held through Silver Lake Group, L.L.C.(1)
Class C Common Stock	10/14/2025		S		3,079	D	$151.63(6)	0	I	See footnote(2)
Class C Common Stock								270,064	I	See footnote(3)
Class C Common Stock								1,184,092	D(4)
Class C Common Stock								46,985	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 CA 94025

(City) (State) (Zip)

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 CA 94025

(City) (State) (Zip)

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 Mr. Durban may be deemed to have an indirect pecuniary interest.

3. This amount reflects 67,183, 85, 39,062 and 163,734 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, L.P., Silver Lake Technology Associates V, L.P. and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Egon Durban.

4. Represents shares of Class C Common Stock held 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 $151.384 to $151.90 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	10/16/2025
	By: /s/ Justin G. Hamill, Attorney-in-fact for Egon Durban	10/16/2025
	** Signature of Reporting Person	Date
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FAQ

What did Dell (DELL) insiders report selling on 10/14/2025?

They reported open‑market sales totaling 6,617 shares of Class C Common Stock (3,538 and 3,079 shares).

What price did the Dell (DELL) shares sell for in the insider trade?

The weighted average sale price was $151.63, with trades ranging from $151.384 to $151.90 per share.

Who are the reporting persons in this Dell (DELL) Form 4?

Affiliates of Silver Lake and Egon Durban, a Dell director, filed jointly with ownership reported to the extent of pecuniary interest.

How many Dell (DELL) shares do the filers report holding after the transactions?

Reported holdings include 270,064 shares indirectly via specified entities, 1,184,092 shares directly by Mr. Durban, and 46,985 shares indirectly via a family trust.

What class of Dell (DELL) stock is involved?

The transactions involve Class C Common Stock of Dell Technologies Inc.

Was this a joint filing by the reporting persons?

Yes. The filing states it was jointly filed and includes a customary ownership disclaimer.