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Silver Lake entities trim Dell (NYSE: DELL) Class C stake

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Dell Technologies Inc. had major shareholders affiliated with Silver Lake convert Class B Common Stock into Class C Common Stock and then sell part of those holdings. On March 2, 2026, entities including SPV-2, Silver Lake Partners IV and Silver Lake Partners V and their affiliates executed open-market sales totaling 277,567 shares of Class C Common Stock at weighted average prices within ranges from $146.5375 to $150.5429 per share, while retaining significant indirect stakes after the transactions.

Positive

  • None.

Negative

  • None.
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 277,567 shs ($41.48M)
Type Security Shares Price Value
Exercise Class B Common Stock 262,632 $0.00 --
Exercise Class B Common Stock 269,604 $0.00 --
Exercise Class B Common Stock 145,937 $0.00 --
Exercise Class B Common Stock 3,967 $0.00 --
Exercise Class B Common Stock 1,789 $0.00 --
Exercise Class C Common Stock 262,632 $0.00 --
Exercise Class C Common Stock 269,604 $0.00 --
Exercise Class C Common Stock 145,937 $0.00 --
Exercise Class C Common Stock 3,967 $0.00 --
Exercise Class C Common Stock 1,789 $0.00 --
Sale Class C Common Stock 8,689 $147.14 $1.28M
Sale Class C Common Stock 10,083 $147.14 $1.48M
Sale Class C Common Stock 5,166 $147.14 $760K
Sale Class C Common Stock 192 $147.14 $28K
Sale Class C Common Stock 87 $147.14 $13K
Sale Class C Common Stock 12,378 $148.06 $1.83M
Sale Class C Common Stock 14,364 $148.06 $2.13M
Sale Class C Common Stock 7,360 $148.06 $1.09M
Sale Class C Common Stock 274 $148.06 $41K
Sale Class C Common Stock 123 $148.06 $18K
Sale Class C Common Stock 17,323 $148.93 $2.58M
Sale Class C Common Stock 20,101 $148.93 $2.99M
Sale Class C Common Stock 10,300 $148.93 $1.53M
Sale Class C Common Stock 383 $148.93 $57K
Sale Class C Common Stock 173 $148.93 $26K
Sale Class C Common Stock 61,201 $150.17 $9.19M
Sale Class C Common Stock 71,017 $150.17 $10.66M
Sale Class C Common Stock 36,390 $150.17 $5.46M
Sale Class C Common Stock 1,353 $150.17 $203K
Sale Class C Common Stock 610 $150.17 $92K
holding Class C Common Stock -- -- --
holding Class C Common Stock -- -- --
holding Class C Common Stock -- -- --
Holdings After Transaction: Class B Common Stock — 19,716,151 shares (Indirect, Held through SL SPV-2, L.P.); Class C Common Stock — 262,632 shares (Indirect, Held through SL SPV-2, L.P.); Class C Common Stock — 1,172,428 shares (Direct)
Footnotes (1)
  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 2, 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 March 2, 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. 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. This amount reflects 13,741, 7,869 and 58,618 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Egon Durban. Represents shares of Class C Common Stock held 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 $146.5375 to $147.5149 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 $147.5406 to $148.5400 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 $148.5418 to $149.5400 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 $149.5438 to $150.5429 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SLTA IV (GP), L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Dell Technologies Inc. [ DELL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C Common Stock 03/02/2026 M(1)(2) 262,632 A (1)(2) 262,632 I Held through SL SPV-2, L.P.(3)(8)
Class C Common Stock 03/02/2026 M(1)(2) 269,604 A (1)(2) 269,604 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class C Common Stock 03/02/2026 M(1)(2) 145,937 A (1)(2) 145,937 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class C Common Stock 03/02/2026 M(1)(2) 3,967 A (1)(2) 3,967 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class C Common Stock 03/02/2026 M(1)(2) 1,789 A (1)(2) 1,789 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
Class C Common Stock 03/02/2026 S 8,689 D $147.14(12) 253,943 I Held through SL SPV-2, L.P.(3)(8)
Class C Common Stock 03/02/2026 S 10,083 D $147.14(12) 259,521 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class C Common Stock 03/02/2026 S 5,166 D $147.14(12) 140,771 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class C Common Stock 03/02/2026 S 192 D $147.14(12) 3,775 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class C Common Stock 03/02/2026 S 87 D $147.14(12) 1,702 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
Class C Common Stock 03/02/2026 S 12,378 D $148.06(13) 241,565 I Held through SL SPV-2, L.P.(3)(8)
Class C Common Stock 03/02/2026 S 14,364 D $148.06(13) 245,158 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class C Common Stock 03/02/2026 S 7,360 D $148.06(13) 133,411 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class C Common Stock 03/02/2026 S 274 D $148.06(13) 3,501 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class C Common Stock 03/02/2026 S 123 D $148.06(13) 1,579 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
Class C Common Stock 03/02/2026 S 17,323 D $148.93(14) 224,242 I Held through SL SPV-2, L.P.(3)(8)
Class C Common Stock 03/02/2026 S 20,101 D $148.93(14) 225,057 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class C Common Stock 03/02/2026 S 10,300 D $148.93(14) 123,111 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class C Common Stock 03/02/2026 S 383 D $148.93(14) 3,118 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class C Common Stock 03/02/2026 S 173 D $148.93(14) 1,406 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
Class C Common Stock 03/02/2026 S 61,201 D $150.17(15) 163,041 I Held through SL SPV-2, L.P.(3)(8)
Class C Common Stock 03/02/2026 S 71,017 D $150.17(15) 154,040 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class C Common Stock 03/02/2026 S 36,390 D $150.17(15) 86,721 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class C Common Stock 03/02/2026 S 1,353 D $150.17(15) 1,765 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class C Common Stock 03/02/2026 S 610 D $150.17(15) 796 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
Class C Common Stock 80,228 I See footnote(9)
Class C Common Stock 1,172,428 D(10)
Class C Common Stock 49,228 I See footnote(11)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (2) 03/02/2026 M(1)(2) 262,632 (2) (2) Class C Common Stock 262,632 $0 19,716,151 I Held through SL SPV-2, L.P.(3)(8)
Class B Common Stock (2) 03/02/2026 M(1)(2) 269,604 (2) (2) Class C Common Stock 269,604 $0 20,239,618 I Held through Silver Lake Partners IV, L.P.(4)(8)
Class B Common Stock (2) 03/02/2026 M(1)(2) 145,937 (2) (2) Class C Common Stock 145,937 $0 10,955,680 I Held through Silver Lake Partners V DE (AIV), L.P.(5)(8)
Class B Common Stock (2) 03/02/2026 M(1)(2) 3,967 (2) (2) Class C Common Stock 3,967 $0 297,792 I Held through Silver Lake Technology Investors IV, L.P.(6)(8)
Class B Common Stock (2) 03/02/2026 M(1)(2) 1,789 (2) (2) Class C Common Stock 1,789 $0 134,287 I Held through Silver Lake Technology Investors V, L.P.(7)(8)
1. Name and Address of Reporting Person*
SLTA IV (GP), L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Group, L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Technology Associates IV, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Partners IV, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Silver Lake Technology Investors IV, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SLTA SPV-2 (GP), L.L.C.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SLTA SPV-2, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
SL SPV-2, L.P.
(Last) (First) (Middle)
C/O SILVER LAKE,
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Durban Egon
(Last) (First) (Middle)
C/O SILVER LAKE
2775 SAND HILL ROAD, SUITE 100
(Street)
MENLO PARK CA 94025
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
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 2, 2026.
2. 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 2, 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.
3. 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").
4. 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").
5. 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").
6. 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.
7. 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.
8. 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.
9. This amount reflects 13,741, 7,869 and 58,618 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Egon Durban.
10. Represents shares of Class C Common Stock held by Mr. Durban.
11. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.5375 to $147.5149 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.
13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.5406 to $148.5400 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.
14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.5418 to $149.5400 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.
15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.5438 to $150.5429 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.
Remarks:
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed separate Forms 4. Because no more than 30 transactions can be listed on each Table of the Form 4 filing, the Reporting Persons have filed separate Forms 4 reporting additional transactions.
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA IV (GP), L.L.C. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA IV (GP), L.L.C., general partner of Silver Lake Technology Associates IV, L.P. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA IV (GP), L.L.C., general partner of Silver Lake Technology Associates IV, L.P., general partner of Silver Lake Partners IV, L.P. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA IV (GP), L.L.C., GP of Silver Lake Technology Associates IV, L.P., GP of Silver Lake Technology Investors IV, L.P. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA SPV-2 (GP), L.L.C. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA SPV-2 (GP), L.L.C., general partner of SLTA SPV-2, L.P. 03/04/2026
By: /s/ Justin G. Hamill, Managing Director and Chief Legal Officer of Silver Lake Group, L.L.C., managing member of SLTA SPV-2 (GP), L.L.C., general partner of SLTA SPV-2, L.P., general partner of SL SPV-2, L.P. 03/04/2026
By: /s/ Justin G. Hamill, Attorney-in-fact for Egon Durban 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Silver Lake entities report in Dell (DELL) on this Form 4?

Silver Lake-affiliated entities reported converting Dell Class B Common Stock into Class C shares, then selling 277,567 Class C shares in open-market transactions on March 2, 2026, while continuing to hold substantial indirect positions after the trades.

Who actually executed the Dell (DELL) share sales disclosed in this Form 4?

The sales were executed by entities including SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P. and related funds, rather than by Egon Durban personally, although he is associated with Silver Lake Group’s management.

What Dell (DELL) share classes were involved in the Silver Lake Form 4 filing?

The filing involves Dell Class B Common Stock and Class C Common Stock. Certain reporting persons converted Class B shares into an equal number of Class C shares, then sold portions of the resulting Class C holdings in market transactions on March 2, 2026.

At what prices did Silver Lake entities sell Dell (DELL) Class C shares?

Reported Dell Class C sales used weighted average prices, with detailed footnotes stating multiple transactions occurred in ranges from $146.5375 to $150.5429 per share, inclusive, across several price bands on March 2, 2026.

How is Egon Durban connected to the Dell (DELL) transactions in this Form 4?

Egon Durban is a Dell director and serves as Co-CEO and Managing Member of Silver Lake Group, which manages the general partners of several reporting entities. The securities are primarily held by Silver Lake funds and related vehicles, not by Durban alone.