Silver Lake entities (NYSE: DELL) exercise derivatives and sell 237,431 Dell Class C shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake–affiliated entities reported option exercises and share sales in Dell Technologies Inc. Class C Common Stock. On March 17, 2026, they exercised derivatives to acquire 325,204 shares by converting an equal number of Class B shares into Class C, at a stated conversion price of $0.00 per share.
The same day, these entities sold 237,431 Class C shares in multiple open‑market transactions at weighted average prices between $153.01 and $155.01 per share. Following these moves, example holdings include 39,618 Class C shares held through SL SPV-2, L.P., 29,428 through Silver Lake Partners IV, L.P., and 18,726 through Silver Lake Partners V DE (AIV), L.P., while Egon Durban holds 1,252,345 Class C shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 237,431 shares ($36,659,820)
Net Sell
30 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., Silver Lake Technology Investors 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, 10% Owner | Director
Sold
237,431 shs ($36.66M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 124,880 | $0.00 | -- |
| Exercise | Class B Common Stock | 128,195 | $0.00 | -- |
| Exercise | Class B Common Stock | 69,392 | $0.00 | -- |
| Exercise | Class B Common Stock | 1,886 | $0.00 | -- |
| Exercise | Class B Common Stock | 851 | $0.00 | -- |
| Exercise | Class C Common Stock | 124,880 | $0.00 | -- |
| Exercise | Class C Common Stock | 128,195 | $0.00 | -- |
| Exercise | Class C Common Stock | 69,392 | $0.00 | -- |
| Exercise | Class C Common Stock | 1,886 | $0.00 | -- |
| Exercise | Class C Common Stock | 851 | $0.00 | -- |
| Sale | Class C Common Stock | 9,535 | $153.14 | $1.46M |
| Sale | Class C Common Stock | 11,045 | $153.14 | $1.69M |
| Sale | Class C Common Stock | 5,666 | $153.14 | $868K |
| Sale | Class C Common Stock | 211 | $153.14 | $32K |
| Sale | Class C Common Stock | 95 | $153.14 | $15K |
| Sale | Class C Common Stock | 61,578 | $154.46 | $9.51M |
| Sale | Class C Common Stock | 71,331 | $154.46 | $11.02M |
| Sale | Class C Common Stock | 36,592 | $154.46 | $5.65M |
| Sale | Class C Common Stock | 1,362 | $154.46 | $210K |
| Sale | Class C Common Stock | 615 | $154.46 | $95K |
| Sale | Class C Common Stock | 14,149 | $155.00 | $2.19M |
| Sale | Class C Common Stock | 16,390 | $155.00 | $2.54M |
| Sale | Class C Common Stock | 8,408 | $155.00 | $1.30M |
| Sale | Class C Common Stock | 313 | $155.00 | $49K |
| Sale | Class C Common Stock | 141 | $155.00 | $22K |
| 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 — 19,323,408 shares (Indirect, Held through SL SPV-2, L.P.);
Class C Common Stock — 124,880 shares (Indirect, Held through SL SPV-2, L.P.);
Class C Common Stock — 1,252,345 shares (Direct)
Footnotes (1)
- SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV"), Silver Lake Partners V DE (AIV), L.P. ("SLP V") 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 March 17, 2026 and March 18, 2026 and initiated in-kind distributions of shares of Class C Common Stock on March 19, 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. 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 March 17, 2026 and March 18, 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. These securities are directly held by SPV-2. The general partner of SPV-2 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"). These securities are directly held by SLP IV. The general partner of SLP IV 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"). These securities are directly held by SLP V. The general partner of SLP V 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"). These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP. These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is SLTA V and the general partner of SLTA V is SLTA V GP. Reflects shares held by Silver Lake Group, L.L.C. ("SLG"). Shares held includes shares of Class C Common Stock received in connection with the pro rata distributions described herein on March 19, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. 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. These shares of Common Stock were 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 March 19, 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. In connection with the distributions described in footnote (1) above, pro rata distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Egon Durban. This amount reflects 10,613, 6,350 and 39,243 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of such individuals, including shares distributed in the March 19, 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. Represents shares of Class C Common Stock held by Mr. Durban immediately following the receipt of shares in connection with the distributions of shares of Class C Common Stock on March 19, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. 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 March 19, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.0100 to $154.0030 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 $154.0100 to $154.9999 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 $155.00 to $155.01 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.
FAQ
What insider transactions did Silver Lake entities report in Dell (DELL)?
Silver Lake–affiliated entities exercised derivatives to acquire 325,204 Dell Class C shares and sold 237,431 Class C shares in open‑market transactions on March 17, 2026, at weighted average prices between $153.01 and $155.01 per share.
What derivative exercises did Silver Lake report for Dell (DELL) on March 17, 2026?
The filing shows exercises or conversions of derivatives into 325,204 Dell Class C shares. These came from converting an equal number of Class B shares into Class C stock at a stated conversion or exercise price of $0.00 per share.
How are Silver Lake’s Dell (DELL) holdings structured after these transactions?
Post‑transaction, Dell Class C shares are held through multiple Silver Lake funds and entities. Examples include 39,618 shares via SL SPV-2, L.P., 29,428 via Silver Lake Partners IV, L.P., 18,726 via Silver Lake Partners V DE (AIV), L.P., plus other indirect holdings.
What is Egon Durban’s reported Dell (DELL) ownership in this Form 4?
The data shows Egon Durban holding 1,252,345 Dell Class C shares directly after March 19, 2026 distributions. He also has indirect beneficial interests through Silver Lake–related entities and family trusts, as described in the detailed footnotes of the filing.
Dell Technologies