Silver Lake logs small Dell Technologies (NYSE: DELL) share sale
Rhea-AI Filing Summary
Silver Lake Technology Investors V, L.P. and affiliated Silver Lake entities, which are major stockholders and directors by deputization of Dell Technologies, reported open-market sales totaling 601 shares of Class C Common Stock on July 9, 2026, at weighted-average prices in the high $440s to mid-$460s per share. In connection with these sales, certain reporting persons converted 600 shares of Class B Common Stock into an equal number of Class C shares. After these transactions, Silver Lake continues to hold large indirect positions, including 43,521,094 Class B shares convertible into the same number of Class C shares, alongside substantial direct and indirect Class C holdings attributed to director Egon Durban and related Silver Lake vehicles.
Positive
- None.
Negative
- None.
Filing Explained
The July 9 sales were reported as completed, but the zero balance covers one 600-share indirect Class C position, not Silver Lake’s remaining holdings.
The July 13 Form 4 reports that Silver Lake reporting persons, identified as a director and 10% owner, sold Class C shares on
It also reports that 600 Class B shares were converted into an equal number of Class C shares in connection with those sales. Form 4 coding defines M as an option or derivative exercise and S as an open-market sale; this filing's footnotes describe the M transaction as a Class B-to-Class C conversion.
The filing still lists 43,521,094 indirectly held Class B shares and other Class C holdings, so the zero balance applies to the specific 600-share position, not all disclosed holdings. The platform's 90-day record lists 10 insider transactions, with 22,120 shares sold and none bought. The filing says additional affiliates reported transactions on separate Forms 4; related records in the supplied filing history are dated
Sources and calculations
- July 13, 2026 Form 4 for Dell Technologies (2026-07-13)
- Form 4 purpose and codes (current)
- Dell insider activity, supplied 90-day record (90-day window through 2026-07-13)
- Dell Form 4 filing record (2026-07-13)
- Dell Form 4 filing record (2026-07-10)
Insider Trade Summary
Net Seller: 601 shares ($272,579)
Net Sell
20 txns
Insider
Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (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
Sold
601 shs ($273K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 600 | $0.00 | -- |
| Exercise | Class C Common Stock | 600 | -- | -- |
| Sale | Class C Common Stock | 6 | $448.17 | $3K |
| Sale | Class C Common Stock | 22 | $449.22 | $10K |
| Sale | Class C Common Stock | 48 | $450.17 | $22K |
| Sale | Class C Common Stock | 84 | $451.08 | $38K |
| Sale | Class C Common Stock | 106 | $452.07 | $48K |
| Sale | Class C Common Stock | 73 | $453.06 | $33K |
| Sale | Class C Common Stock | 58 | $454.10 | $26K |
| Sale | Class C Common Stock | 63 | $455.06 | $29K |
| Sale | Class C Common Stock | 54 | $456.06 | $25K |
| Sale | Class C Common Stock | 24 | $457.08 | $11K |
| Sale | Class C Common Stock | 22 | $457.97 | $10K |
| Sale | Class C Common Stock | 27 | $459.11 | $12K |
| Sale | Class C Common Stock | 14 | $460.02 | $6K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 114,127 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 600 shares (Indirect, Held through Silver Lake Technology Investors V, L.P.);
Class C Common Stock — 1,374,245 shares (Direct)
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 July 9, 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 July 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 described in footnote (1) above. 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 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. RESERVED RESERVED This amount reflects 29,494, 11,109, 28,109, 81,500 and 126 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates IV, 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 $447.5921 to $448.5400 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 $448.6027 to $449.5350 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 $449.6000 to $450.5975 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 $450.6000 to $451.5971 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 $451.6061 to $452.5981 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 $452.6000 to $453.5905 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 $453.6000 to $454.5900 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 $454.6000 to $455.5994 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 $455.6010 to $456.5944 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 $456.6000 to $457.5933 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 $457.6065 to $458.5425 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 $458.6278 to $459.6053 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 $459.6595 to $460.4699 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 89,222 shares of Class C Common Stock, Silver Lake Partners IV, L.P. directly holds 67,990 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 43,961 shares of Class C Common Stock, and Silver Lake Technology Investors IV, 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 16,756,126 shares of Class B Common Stock, Silver Lake Partners IV, L.P. directly holds 17,201,003 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,310,882 shares of Class B Common Stock, and Silver Lake Technology Investors IV, L.P. directly holds 253,083 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Class C shares sold: 601 shares
Sale price range: $447.5921–$460.4699 per share
Class B shares converted: 600 shares
+2 more
5 metrics
Class C shares sold
601 shares
Open-market sales of Dell Class C Common Stock on July 9, 2026 by Silver Lake-affiliated reporting persons
Sale price range
$447.5921–$460.4699 per share
Weighted-average price ranges for the July 9, 2026 Class C share sales, as detailed in multiple footnotes
Class B shares converted
600 shares
Shares of Dell Class B Common Stock converted into an equal number of Class C shares on July 9, 2026
Indirect Class B position
43,521,094 underlying shares
Indirect Class B Common Stock position, each share convertible into one Class C share
Direct Class C holding (Durban)
1,374,245 shares
Shares of Dell Class C Common Stock held directly by Egon Durban following the reported transactions
Key Terms
weighted average price, convertible, director by deputization, beneficially owned, +1 more
5 terms
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.
convertible financial
"Each share of Class B Common Stock ... is convertible into one share of Class C"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
director by deputization regulatory
"Each of the Reporting Persons may be deemed a director by deputization"
beneficially owned financial
"Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Silver Lake report in Dell (DELL) on July 9, 2026?
Silver Lake-affiliated reporting persons disclosed selling 601 shares of Dell Class C Common Stock and converting 600 shares of Class B Common Stock into an equal number of Class C shares, all on July 9, 2026, in connection with those sales.
How are Silver Lake and Egon Durban connected to Dell (DELL) governance?
Silver Lake Group, L.L.C. is managing member of an entity that is general partner of Silver Lake Technology Investors V, L.P. Footnotes state each reporting person may be deemed a director by deputization, and Egon Durban personally serves as a director of Dell Technologies.