Silver Lake entities trim Dell (DELL) stake as Egon Durban donates 17,490 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake–affiliated entities and Dell director Egon Durban reported multiple Dell Technologies Class C Common Stock transactions on June 2, 2026. Silver Lake Partners IV, L.P. reported open‑market sales totaling 19,320 shares at prices reported between $454.23 and $468.01 per share through a series of trades.
On the same date, Mr. Durban was deemed to receive 17,490 shares in a distribution that he then donated as a bona fide gift to a charitable foundation. After these moves, he directly holds 1,313,489 Class C shares, with additional indirect interests held through various Silver Lake entities and family‑related vehicles. Certain Class B shares were also converted into Class C shares in connection with these sales and distributions.
Positive
- None.
Negative
- None.
Insights
Silver Lake funds sold a modest block of Dell shares while Egon Durban made a charitable stock donation.
The filing shows Silver Lake Partners IV, L.P. selling 19,320 shares of Dell Class C Common Stock in open‑market trades on June 2, 2026 at per‑share prices in the mid‑$450s to high‑$460s. These sales are reported through affiliated Silver Lake entities, not as direct personal trades by Mr. Durban.
Separately, Mr. Durban was deemed to receive 17,490 Class C shares through a distribution, all of which he donated that day as a bona fide gift to a charitable foundation. Following these transactions, he still directly owns 1,313,489 Class C shares, plus indirect interests via Silver Lake and family vehicles. With no derivative exercises and substantial remaining holdings, this appears as routine ownership rebalancing rather than a thesis‑changing move for Dell.
Insider Trade Summary
Net Seller: 19,320 shares ($8,850,912)
Net Sell
17 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
null | null | null | null | null
Sold
19,320 shs ($8.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class C Common Stock | 2,614 | $454.86 | $1.19M |
| Sale | Class C Common Stock | 3,782 | $455.75 | $1.72M |
| Sale | Class C Common Stock | 5,440 | $456.74 | $2.48M |
| Sale | Class C Common Stock | 3,560 | $457.69 | $1.63M |
| Sale | Class C Common Stock | 528 | $458.44 | $242K |
| Sale | Class C Common Stock | 63 | $460.35 | $29K |
| Sale | Class C Common Stock | 105 | $462.19 | $49K |
| Sale | Class C Common Stock | 1,785 | $465.61 | $831K |
| Sale | Class C Common Stock | 1,037 | $466.34 | $484K |
| Sale | Class C Common Stock | 406 | $467.79 | $190K |
| Other | Class C Common Stock | 17,664 | $0.00 | -- |
| Gift | Class C Common Stock | 17,490 | $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 | -- | -- | -- |
Holdings After Transaction:
Class C Common Stock — 34,370 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 1,313,489 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 2, 2026 and initiated in-kind distributions of shares of Class C Common Stock on June 2, 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 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 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. 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 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 2, 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 2, 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, 14,785 and 90,357 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P. and SLG, respectively, on behalf of such individuals, including shares distributed in the June 2, 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 directly by Mr. Durban. The 17,490 shares represent shares of Class C Common Stock deemed received by Mr. Durban in connection with the distribution of shares of Class C Common Stock described herein on June 2, 2026, all of which were donated on such day to a charitable foundation. The deemed 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 June 2, 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 $454.2300 to $455.2100 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 $455.2400 to $456.2300 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 $456.3000 to $457.2900 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 $457.3000 to $458.2900 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 $458.3000 to $459.1311 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 $460.3000 to $460.4612 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 $461.9000 to $462.5700 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 $465.0500 to $466.0466 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 $466.1100 to $467.0513 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 $467.1160 to $468.0100 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 0 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 79,906 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: 19,320 shares
Gifted shares: 17,490 shares
Direct holdings after: 1,313,489 shares
+3 more
6 metrics
Shares sold
19,320 shares
Total Dell Class C shares sold by Silver Lake Partners IV, L.P. on June 2, 2026
Gifted shares
17,490 shares
Dell Class C shares donated by Egon Durban as a bona fide gift on June 2, 2026
Direct holdings after
1,313,489 shares
Dell Class C shares directly held by Egon Durban following the June 2, 2026 transactions
Sale price example
$467.79 per share
One reported Dell Class C sale price for 406 shares on June 2, 2026
Sale price range low
$454.23 per share
Lowest weighted‑average price range disclosed across the June 2, 2026 sales
Sale price range high
$468.01 per share
Highest weighted‑average price range disclosed across the June 2, 2026 sales
Key Terms
Class C Common Stock, Rule 16a-13, bona fide gift, 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
"receipt of shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13"
bona fide gift financial
"all of which were donated on such day to a charitable foundation. The deemed receipt of such shares ... bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
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 did Silver Lake entities report in this Dell (DELL) Form 4 filing?
Silver Lake Partners IV, L.P. and affiliates reported open‑market sales totaling 19,320 shares of Dell Class C Common Stock on June 2, 2026. The trades occurred through multiple transactions at prices between about $454.23 and $468.01 per share, as detailed in the weighted‑average price footnotes.
Did this Dell (DELL) Form 4 include any option exercises or derivative transactions?
No option exercises or derivative transactions are reported in this filing. The derivativeSummary is empty, and the transactionSummary shows zero derivative transaction count and exerciseShares, indicating only non‑derivative Class C Common Stock sales, gifts, and related ownership entries are included.