Dell investor Silver Lake disposes of 85,520 shares
Dell Technologies Inc. (DELL) reports that Silver Lake–affiliated funds and entities, which are reporting persons by deputization, restructured their holdings of Class C Common Stock on September 8, 2026.
Rhea-AI Filing Summary
Dell Technologies Inc. (DELL) reports that Silver Lake–affiliated funds and entities, which are reporting persons by deputization, restructured their holdings of Class C Common Stock on September 8, 2026. An entity associated with Silver Lake Partners IV, L.P. disposed of 85,520 shares in an “other acquisition or disposition” transaction and held 21,317 shares indirectly afterward. Silver Lake Group, L.L.C. held 2,562 shares indirectly after related in-kind distributions, and various Silver Lake funds and entities, including those in which director Egon Durban may have an indirect pecuniary interest, received and distributed shares in transactions the footnotes state were exempt from reporting as acquisitions under Rule 16a-13. Certain shares of Class B Common Stock were also converted into an equal number of Class C shares in connection with these sales and distributions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 85,520 shares
Other
6 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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class C Common Stock F1, F2, F3, F4 | 85,520 | -- | -- |
| holding | Class C Common Stock F4, F5 | -- | -- | -- |
| holding | Class C Common Stock F6 | -- | -- | -- |
| holding | Class C Common Stock F7 | -- | -- | -- |
| holding | Class C Common Stock F8 | -- | -- | -- |
| holding | Class C Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 21,317 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 2,562 shares (Indirect, Held through Silver Lake Group, L.L.C.);
Class C Common Stock — 303,799 shares (Indirect, See footnote)
Footnotes (9)
- 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 September 8, 2026 and initiated in-kind distributions of shares of Class C Common Stock on September 8, 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 September 8, 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 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 the CEO and a 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, including shares received in connection with the distribution of shares of Class C Common Stock described herein on September 8, 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 September 8, 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 38,913, 123,469, 33,939 and 18,311 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 such individuals, including shares distributed in the September 8, 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 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 September 8, 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.
- F9. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 24,134 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 12,470 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.
Key Figures
Restructuring disposition: 85,520 shares of Class C Common Stock
Indirect holdings via Silver Lake Partners IV, L.P.: 21,317 shares
Indirect holdings via Silver Lake Group, L.L.C.: 2,562 shares
+4 more
7 metrics
Restructuring disposition
85,520 shares of Class C Common Stock
Other acquisition or disposition reported for September 8, 2026
Indirect holdings via Silver Lake Partners IV, L.P.
21,317 shares
Class C Common Stock held indirectly after September 8, 2026 transaction
Indirect holdings via Silver Lake Group, L.L.C.
2,562 shares
Class C Common Stock held by SLG including September 8, 2026 distributions
SL SPV-2, L.P. direct holdings
24,134 shares
Class C Common Stock directly held after distributions described
Silver Lake Partners V DE (AIV), L.P. direct holdings
12,470 shares
Class C Common Stock directly held after described distributions
Employee and member-related holdings by SLG affiliates
214,632 shares
38,913 + 123,469 + 33,939 + 18,311 shares held on behalf of individuals
Restructuring shares flagged
85,520 shares
Classified in transaction summary as restructuring shares
Key Terms
Rule 16a-13, in-kind distributions, pecuniary interest, director by deputization, +1 more
5 terms
Rule 16a-13 regulatory
"receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13"
in-kind distributions financial
"sold certain shares ... and initiated in-kind distributions of shares of Class C Common Stock"
pecuniary interest financial
"disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest"
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer"
Class B Common Stock financial
"Each share of Class B Common Stock ... is convertible into one share of Class C Common Stock"
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.
FAQ
What did the Silver Lake entities report in this Form 4 for DELL?
They reported a restructuring of Class C Common Stock holdings on September 8, 2026, including sales and in-kind distributions by Silver Lake–affiliated funds and entities, plus related conversions of Class B shares into Class C shares.
What were the indirect Dell (DELL) holdings through Silver Lake Partners IV, L.P. after the transaction?
Following the September 8, 2026 transaction, the reporting line for Silver Lake Partners IV, L.P. shows 21,317 shares of Dell Class C Common Stock held indirectly through that partnership structure.
What Dell Class C holdings are reported for Silver Lake Group, L.L.C. (SLG)?
A holding entry reflects 2,562 shares of Dell Class C Common Stock held by Silver Lake Group, L.L.C., including shares received in the September 8, 2026 distributions that the filing describes as exempt under Rule 16a-13.
Was a Rule 10b5-1 trading plan used for these DELL insider transactions?
No Rule 10b5-1 plan is indicated. The document-level checkbox is not marked as using such a plan, and the footnotes instead emphasize Rule 16a-13 exemptions for the receipt of distributed shares.
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