Silver Lake entities trim Dell (DELL) stake with 5,025-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake–affiliated entities reported open-market sales of Dell Technologies Class C common stock. On June 9, 2026, SL SPV-2, L.P., an entity associated with Silver Lake, sold a total of 5,025 shares of Dell Class C Common Stock in multiple open-market transactions, with reported weighted average prices ranging from $402.8869 to $406.4200 per share.
The filing also notes in-kind distributions and conversions between Silver Lake funds and related entities that were exempt from reporting under Rule 16a-13, as well as updated indirect and direct holdings across these entities and those attributable to director Egon Durban.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,025 shares ($2,033,506)
Net Sell
11 txns
Insider
SL SPV-2, L.P., SLTA SPV-2, L.P., SLTA SPV-2 (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon
Role
null | null | null | null | null
Sold
5,025 shs ($2.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 1,680 | $403.51 | $678K |
| Sale | Class C Common Stock | 1,325 | $404.39 | $536K |
| Sale | Class C Common Stock | 1,414 | $405.64 | $574K |
| Sale | Class C Common Stock | 606 | $406.30 | $246K |
| Other | Class C Common Stock | 2,935 | $0.00 | -- |
| 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 C Common Stock — 6,280 shares (Indirect, Held through SL SPV-2, 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 9, 2026 and initiated in-kind distributions of shares of Class C Common Stock on June 9, 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 June 9, 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 SL SPV-2, L.P. The general partner of SL SPV-2, L.P. is SLTA SPV-2, L.P. and the general partner of SLTA SPV-2, L.P. is SLTA SPV-2 (GP), L.L.C. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA SPV-2 (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. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on June 9, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. 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 June 9, 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, distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Mr. Durban. 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 such individuals, including shares distributed in the June 9, 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 including shares received in connection with the distributions of shares of Class C Common Stock on June 9, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act. Mr. Durban has filed a separate Form 4 reporting transactions in securities of the Issuer on June 9, 2026. 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 June 9, 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 $402.8869 to $403.8201 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 $403.9600 to $404.9423 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 $405.1000 to $406.0000 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 $406.1500 to $406.4200 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), Silver Lake Partners IV, L.P. directly holds 0 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 5,322 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 related transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 5,025 shares
Sale price range: $402.8869–$403.8201 per share
Sale price range: $403.9600–$404.9423 per share
+5 more
8 metrics
Shares sold
5,025 shares
Net Dell Class C shares sold on June 9, 2026
Sale price range
$402.8869–$403.8201 per share
Weighted-average block range for one set of sales
Sale price range
$403.9600–$404.9423 per share
Weighted-average block range for another sale set
Sale price range
$405.1000–$406.0000 per share
Additional weighted-average sale price range
Sale price range
$406.1500–$406.4200 per share
Highest weighted-average sale price range
Restructuring shares
2,935 shares
Shares in “other” transaction (restructuring, code J)
Post-transaction holding
5,322 shares
Class C shares held by Silver Lake Partners V DE (AIV), L.P.
Transaction date
June 9, 2026
Date of Dell Class C share sales and distributions
Key Terms
Class C Common Stock, Rule 16a-13, in-kind distributions, weighted average price, +1 more
5 terms
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.
Rule 16a-13 regulatory
"The receipt of shares ... was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act"
in-kind distributions financial
"sold certain shares ... and initiated in-kind distributions of shares of Class C Common Stock"
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.
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer"
FAQ
What insider transactions did Silver Lake entities report in Dell (DELL) stock on June 9, 2026?
Silver Lake–related entity SL SPV-2, L.P. reported selling 5,025 shares of Dell Class C Common Stock on June 9, 2026, through multiple open-market transactions at weighted average prices between $402.8869 and $406.4200 per share, updating its indirect ownership position.
What does Rule 16a-13 mean for the Dell (DELL) insider distributions reported?
The filing states that certain in-kind distributions and conversions of Dell Class C shares among Silver Lake funds and to related persons were exempt from reporting under Rule 16a-13. This rule generally covers internal transfers where the ultimate economic interest does not change materially for the reporting person.
What is Egon Durban’s connection to the Dell (DELL) insider transactions reported here?
The filing explains that Egon Durban is a director of Dell Technologies and a Co-CEO and Managing Member of Silver Lake Group, L.L.C. He may be deemed to have indirect pecuniary interests in certain Dell Class C shares held through Silver Lake–related entities and family trusts.