Dell Technologies (NYSE: DELL) holder Silver Lake sells shares and converts Class B to C
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dell Technologies Inc. insider group led by Silver Lake Partners V DE (AIV), L.P. reported a combination of stock sales and conversions on June 12, 2026. Silver Lake entities sold 20,095 shares of Class C Common Stock in open-market transactions at weighted average prices between about $399 and $408 per share.
On the same date, certain reporting persons converted 28,186 shares of Class B Common Stock into an equal number of Class C shares in connection with these sales. After the transactions, Silver Lake Partners V DE (AIV), L.P. indirectly holds 70,476 shares of Class C and 9,463,699 shares of Class B for Dell, while an affiliated vehicle continues to hold 34,887,695 shares of Class B that are convertible into the same number of Class C shares. The filing notes that Egon Durban has an indirect pecuniary interest through various Silver Lake entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,095 shares ($8,100,672)
Net Sell
19 txns
Insider
Silver Lake Partners V DE (AIV), 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
20,095 shs ($8.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 28,186 | $0.00 | -- |
| Exercise | Class C Common Stock | 28,186 | $0.00 | -- |
| Sale | Class C Common Stock | 2,896 | $399.50 | $1.16M |
| Sale | Class C Common Stock | 2,636 | $400.52 | $1.06M |
| Sale | Class C Common Stock | 3,297 | $401.41 | $1.32M |
| Sale | Class C Common Stock | 2,293 | $402.53 | $923K |
| Sale | Class C Common Stock | 1,027 | $403.35 | $414K |
| Sale | Class C Common Stock | 641 | $404.58 | $259K |
| Sale | Class C Common Stock | 2,528 | $405.57 | $1.03M |
| Sale | Class C Common Stock | 3,409 | $406.35 | $1.39M |
| Sale | Class C Common Stock | 1,226 | $407.38 | $499K |
| Sale | Class C Common Stock | 142 | $408.08 | $58K |
| 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 | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 9,463,699 shares (Indirect, Held through Silver Lake Partners V DE (AIV), L.P.);
Class C Common Stock — 70,476 shares (Indirect, Held through Silver Lake Partners V DE (AIV), 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 12, 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 June 12, 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 Partners V DE (AIV), L.P. The general partner of Silver Lake Partners V DE (AIV), 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. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest. 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 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 $398.9913 to $399.9800 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 $400.0000 to $400.9946 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 $401.0000 to $401.9900 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 $402.0000 to $402.9999 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 $403.0000 to $403.9900 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 $404.0047 to $404.9892 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 $405.0000 to $405.9941 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 $406.9985 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 $407.0000 to $407.9900 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 $408.0000 to $408.2463 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 91,809 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 69,916 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 transactions are reported on separate Form 4 filings. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 17,031,140 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 17,483,318 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 257,237 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 116,000 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Class C shares sold: 20,095 shares
Sale price range: $398.9913–$408.2463 per share
Shares converted: 28,186 shares
+3 more
6 metrics
Class C shares sold
20,095 shares
Open-market sales on June 12, 2026
Sale price range
$398.9913–$408.2463 per share
Weighted average price ranges across multiple trades
Shares converted
28,186 shares
Class B converted into Class C on June 12, 2026
Class C held after trades
70,476 shares
Class C Common Stock held through Silver Lake Partners V DE (AIV), L.P.
Class B held after trades
9,463,699 shares
Class B Common Stock held through Silver Lake Partners V DE (AIV), L.P.
Convertible Class B position
34,887,695 shares
Class B shares indirectly held, each convertible 1:1 into Class C
Key Terms
Class B Common Stock, Class C Common Stock, weighted average price, derivative security, +1 more
5 terms
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.
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.
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.
indirect 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 did Silver Lake report in its latest Dell (DELL) Form 4 filing?
Silver Lake-affiliated entities reported selling 20,095 Dell Class C shares and converting 28,186 Class B shares into Class C on June 12, 2026. These trades and conversions were made through Silver Lake investment vehicles that collectively remain large Dell shareholders.
What stock conversion did Silver Lake disclose for Dell (DELL)?
Silver Lake-related entities converted 28,186 shares of Dell Class B Common Stock into 28,186 shares of Class C Common Stock on June 12, 2026. The filing explains each Class B share is convertible into one Class C share at any time and has no expiration date.
What Dell Class B holdings remain convertible according to the Form 4?
The filing notes 34,887,695 shares of Dell Class B Common Stock remain outstanding in a derivative position, all convertible into Class C shares on a one-for-one basis. These Class B shares are held indirectly through Silver Lake-affiliated entities and have no stated expiration date.