Dell Technologies stake reshuffled by Silver Lake
Entities affiliated with Silver Lake Group, together with director Egon Durban, reported internal in-kind distributions of Dell Technologies Class C Common Stock effective July 10, 2026.
Rhea-AI Filing Summary
Entities affiliated with Silver Lake Group, together with director Egon Durban, reported internal in-kind distributions of Dell Technologies Class C Common Stock effective July 10, 2026. The activity reflects restructuring of 201,173 shares coded as “J” other transactions, not open-market buys or sales. Reported post-distribution positions include a 1,394,128-share direct holding and several smaller indirect blocks of 49,630, 189,430, 1,227 and 665 shares through Silver Lake-related entities and a trust for family beneficiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 201,173 shares
Other
8 txns
Insider
SLTA IV (GP), L.L.C., Silver Lake Group, L.L.C., Silver Lake Technology Associates IV, L.P., Silver Lake Partners IV, L.P., SLTA SPV-2 (GP), L.L.C., SLTA SPV-2, L.P., SL SPV-2, L.P., Durban Egon
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock F1, F2, F5 | 89,222 | -- | -- |
| Other | Class C Common Stock F1, F3, F5 | 67,990 | -- | -- |
| Other | Class C Common Stock F1, F4, F5 | 43,961 | -- | -- |
| holding | Class C Common Stock F5, F6 | -- | -- | -- |
| holding | Class C Common Stock F7 | -- | -- | -- |
| holding | Class C Common Stock F8 | -- | -- | -- |
| holding | Class C Common Stock F9 | -- | -- | -- |
| holding | Class C Common Stock F10 | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 0 shares (Indirect, Held through SL SPV-2, L.P.);
Class C Common Stock — 0 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 0 shares (Indirect, Held through Silver Lake Partners V DE (AIV), L.P.);
Class C Common Stock — 1,227 shares (Indirect, Held through Silver Lake Group, L.L.C.);
Class C Common Stock — 239,725 shares (Indirect, See footnote);
Class C Common Stock — 1,394,128 shares (Direct)
Footnotes (10)
- F1. SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P. and certain of their respective affiliates initiated in-kind distributions of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on July 10, 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. These securities are directly held by SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").
- 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. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").
- F4. 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. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").
- F5. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. 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.
- F6. Represents shares of Class C Common Stock held directly held by SLG. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on July 10, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F7. Represents shares of Class C Common Stock held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on July 10, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F8. 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 33,862, 65,130, 30,889 and 59,549 shares held by SLTA SPV-2, L.P., SLTA IV, SLTA V, and SLG, respectively, on behalf of such individuals, including shares distributed in the July 10, 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.
- F9. Represents shares of Class C Common Stock held directly by Mr. Egon Durban immediately following the receipt of shares in connection with the distributions of shares of Class C Common Stock on July 10, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- F10. 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 July 10, 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.
Key Figures
Restructured shares: 201,173 shares
In-kind distribution via Partners V DE (AIV), L.P.: 43,961 shares
In-kind distribution via Partners IV, L.P.: 67,990 shares
+5 more
8 metrics
Restructured shares
201,173 shares
Total “J” code restructuring shares on July 10, 2026
In-kind distribution via Partners V DE (AIV), L.P.
43,961 shares
J-code non-derivative transaction held through Silver Lake Partners V DE (AIV), L.P.
In-kind distribution via Partners IV, L.P.
67,990 shares
J-code non-derivative transaction held through Silver Lake Partners IV, L.P.
In-kind distribution via SL SPV-2, L.P.
89,222 shares
J-code non-derivative transaction held through SL SPV-2, L.P.
Direct holding after distributions
1,394,128 shares
Total Class C Common Stock in one direct ownership line following July 10, 2026
Indirect holding block
49,630 shares
Indirect Class C Common Stock position with footnote cross-reference
Additional indirect holding block
189,430 shares
Indirect Class C Common Stock position with footnote cross-reference
Indirect holding via Silver Lake Group, L.L.C.
1,227 shares
Indirect holdings noted as held through Silver Lake Group, L.L.C.
Key Terms
in-kind distributions, Rule 16a-13, pecuniary interest, director by deputization, +1 more
5 terms
in-kind distributions financial
"initiated in-kind distributions of Class C Common Stock, par value $0.01 per share"
Rule 16a-13 regulatory
"receipt of shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13"
pecuniary interest financial
"entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest"
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer"
Class C Common Stock financial
"Class C Common Stock, par value $0.01 per share of Dell Technologies Inc."
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.
FAQ
What type of insider transaction did Dell (DELL) report on July 10, 2026?
Dell insiders reported in-kind distributions of Class C Common Stock on July 10, 2026, coded as “J” other transactions. These represent internal restructuring under Rule 16a-13, rather than open-market purchases or sales of Dell shares.
Did the Dell (DELL) Form 4 show any open-market insider buying or selling?
No. The transaction summary shows zero open-market buys and zero open-market sales. All reportable activity consists of “J” code restructuring entries and updated holding lines, indicating internal reallocations instead of market trades.
How are Egon Durban and Silver Lake connected to Dell (DELL) in this report?
Egon Durban is a director of Dell and a Co-CEO and Managing Member of Silver Lake Group, L.L.C. Footnotes state Silver Lake entities and Mr. Durban may be deemed directors by deputization and hold Dell Class C shares directly and indirectly.
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