Dell Technologies SEC Filings

Silver Lake Technology Investors IV, L.P. has filed a Form 144 notice for the proposed sale of 4,932 shares of Dell Technologies Class C Common Stock, with an aggregate market value of $594,108.72. The shares were acquired on June 26, 2025, through conversion of Class B Common Stock originally obtained in 2016.

The filing reveals significant recent selling activity by Silver Lake entities over the past 3 months, with multiple affiliated entities collectively selling substantial positions in Dell's Class C Common Stock between June 9-24, 2025. Notable transactions include:

• Silver Lake Partners IV, L.P.: 536,579 shares sold
• Silver Lake Partners V DE (AIV), L.P.: 277,541 shares sold
• SL SPV-2, L.P.: 471,092 shares sold

The seller maintains a significant stockholding position in Dell Technologies, with an affiliate executive serving on Dell's board of directors. The sale is planned to be executed through Merrill Lynch on the NYSE, with Dell having approximately 339.7 million shares outstanding.

Form 144 Overview: Silver Lake Partners V DE (AIV), L.P., a significant shareholder of Dell Technologies Inc. (NYSE: DELL), has filed a Form 144 to sell up to 133,653 Class C common shares on or after 26 June 2025. The shares are to be executed through Merrill Lynch and have an indicated aggregate market value of $16.1 million, based on recent market prices. Dell’s total Class C shares outstanding are disclosed as 339.7 million, making the proposed sale approximately 0.04 % of the float.

Prior Dispositions: The filing also details extensive recent sales by multiple Silver Lake affiliated entities. Between 9 June 2025 and 24 June 2025, these entities collectively disposed of roughly 1.31 million shares for gross proceeds approaching $149 million. Including the newly noticed 133,653-share block, Silver Lake’s disclosed activity reaches about 1.44 million shares (≈ 0.42 % of shares outstanding) over a three-week span.

Transaction Background: The shares to be sold were acquired on 26 June 2025 through the conversion of Class B shares originally obtained in 2019. The filer affirms that no material non-public adverse information is known and notes that a Silver Lake affiliate executive currently serves on Dell’s board.

Investor Takeaways: While the absolute share count is small relative to Dell’s large capitalization, the clustered selling by a long-time private-equity sponsor may signal an incremental step in Silver Lake’s ongoing monetisation of its Dell stake. The sales do not involve the company issuing new shares, so there is no direct dilution; however, additional supply on the open market can exert short-term price pressure. Importantly, no operational or financial metrics about Dell itself are included in this filing.

J.P. Morgan Chase Financial Company LLC is offering 2.5-year, non-call 6-month, Auto-Callable Contingent Interest Notes linked equally to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. The notes are issued in $1,000 denominations (CUSIP 48136EU94) and pay a contingent monthly coupon of 8.00%-10.00% p.a. (0.66667%-0.83333% per month) only if the closing level of every underlying is at or above its Interest Barrier (80 % of initial) on the relevant review date.

An automatic call feature is assessed monthly beginning month 7; if all three indices are at or above initial levels on any call-eligible date, investors receive par plus the current coupon and the note terminates early. If the note is not called, final redemption depends on a Trigger Barrier set at 70 % of initial. Provided each index closes at or above its trigger on the final review date, investors receive par plus the final coupon. If any index finishes below its trigger, principal is reduced one-for-one with the decline of the worst performer, exposing investors to up to 100 % capital loss.

The preliminary estimated value will be <$900 per $1,000 note, reflecting J.P. Morgan’s internal funding rate, and secondary market liquidity is uncertain as JPMS is not obliged to make a market. Key risks outlined include credit exposure to JPMorgan Chase Financial Company LLC and JPMorgan Chase &Co., contingent and limited coupon, early call risk, barrier event risk, potential conflicts in pricing/hedging, tax uncertainty, and market risks associated with large-cap (NDX/SPX) and small-cap (RTY) equity indices.

Dell Technologies Inc. (NYSE: DELL) – Form 144 filing dated 06/26/2025

Silver Lake–affiliated vehicle SL SPV-2, L.P. has filed a Form 144 notice to sell up to 227,169 shares of Dell Technologies Class C common stock. At the most recent market price implied by the filing, the transaction represents an aggregate market value of approximately US$27.4 million. Relative to Dell’s 339,719,010 shares outstanding, the proposed sale equals around 0.07 % of the float.

The shares were acquired on 06/26/2025 through the conversion of Class B common stock that the filer initially purchased in 2019. Merrill Lynch, Pierce, Fenner & Smith Inc. is listed as the executing broker, and the sale is expected to take place on or after 06/26/2025 on the NYSE.

Prior 3-month activity by Silver Lake entities

• The filing discloses numerous open-market sales between 06/09/2025 and 06/24/2025 by several Silver Lake funds and management companies, totaling about 1.31 million shares of Dell Class C stock.
• Gross proceeds from these previous transactions, calculated from the filing’s line-item data, exceed US$152 million.

Governance context: Silver Lake and its affiliates remain “significant stockholders” of Dell, and an executive of a Silver Lake affiliate currently sits on Dell’s board of directors, according to the remarks section of the filing.

The signer, Justin G. Hamill (Managing Director & Chief Legal Officer), affirms that no undisclosed material adverse information is known to the seller, in line with Rule 144 requirements.

Dell Technologies (NYSE:DELL) filed a Form 4 revealing that Silver Lake Group and director/10% owner Egon Durban sold 10,681 Class C shares on 24 Jun 2025 at weighted-average prices of $120.22–$120.86, generating roughly $1.28 million in proceeds.

After the sale, the reporting persons still beneficially own about 1.04 million shares, so the divestiture represents only ≈1 % of their total position. The filing does not indicate that the trades were executed under a Rule 10b5-1 plan.

Because the transaction involves a director and >10 % shareholder, it may be interpreted as a mildly negative insider-sentiment signal, although the stake reduction is immaterial to ownership or governance control.

Key takeaway: On 26 June 2025 Dell Technologies Inc. (NYSE: DELL) submitted a Form 144 disclosing that company officer Brunilda Rios may sell up to 6,000 Class C shares through Fidelity Brokerage Services. At the filing date the block was valued at $757,746, equal to roughly 0.0018 % of Dell’s outstanding 339.7 million shares, making the planned sale immaterial to the share count and daily trading volume.

Source of shares: The stock derives from two restricted-stock vesting events—1,079 shares on 15 Mar 2024 and 4,921 shares on 15 Mar 2025—received as non-cash compensation. No cash outlay was made for the shares.

Recent insider activity: The filing also lists prior sales by Rios in the last three months: 926 shares on 28 Mar 2025 for $86,385 and 13,000 shares on 2 Jun 2025 for $1,399,534, bringing recent gross proceeds to about $1.49 million.

Regulatory context: Form 144 is a notice of intent rather than a trade confirmation; execution is not guaranteed. The signer affirms awareness of no undisclosed adverse information, and the filing references potential compliance with Rule 10b5-1 plans.

Investor impact: Given the small size and routine nature of the transaction, the filing is unlikely to influence Dell’s valuation, liquidity, or corporate strategy. It simply signals a modest liquidity move by an insider following vesting of compensation stock.

Dell Technologies (NYSE:DELL) filed a Form 4 showing director Lynn Vojvodich Radakovich exercised 2,900 options at $31.14 and immediately sold the same 2,900 Class C shares at $120 on 06/24/2025, generating proceeds of roughly $0.35 million. The transactions were made under a Rule 10b5-1 plan adopted 07/15/2024. After the sale, her direct holdings stand at 23,680 shares; 66,176 vested options remain outstanding. No additional company-level disclosures accompanied the filing.

The Form 144 filing covers a proposed sale of 122 shares of Dell Technologies Inc. (Class C common stock) by Silver Lake–affiliated funds, to be executed through Merrill Lynch on or about 24 June 2025. The shares have an aggregate market value of $14,563.14, implying a reference price of roughly $119.4 per share. Dell reports 339.7 million Class C shares outstanding, so the contemplated trade represents less than 0.001 % of the class.

The filing also discloses prior open-market sales during 9-12 June 2025 by the same Silver Lake entities, totaling approximately 1.3 million Class C shares for gross proceeds of about $148 million. Although these historical sales are not part of the new notice, Rule 144 requires their aggregation for disclosure purposes.

The shares being sold were received via “pro rata in-kind distributions” from affiliates after converting Class B shares originally acquired in 2019 or earlier. No non-cash consideration is indicated beyond the stated distribution mechanism, and the filer certifies that it possesses no undisclosed material adverse information about Dell.

Key takeaways for investors are: (1) Silver Lake continues to pare its long-standing stake in Dell, (2) the new 122-share notice is economically immaterial but indicates ongoing selling activity, and (3) the cumulative June transactions equate to roughly 0.4 % of Dell’s outstanding Class C float, adding limited but visible secondary-supply pressure.

Form 144 filing for Dell Technologies Inc. (NYSE: DELL) discloses that a Silver Lake affiliate plans to sell 5,803 Class C common shares through Merrill Lynch on or about 24 June 2025. The shares have an estimated market value of $692,704 and represent roughly 0.0017 % of Dell’s 339.7 million shares outstanding, indicating an immaterial immediate impact to public float.

The filing also details extensive insider sales executed over the preceding week (9-12 June 2025) by multiple Silver Lake funds:

• Total shares sold: ≈ 1.30 million
• Aggregate gross proceeds: ≈ $148 million
• Largest single-day block: 217,853 shares on 12 June 2025 for ≈ $24.6 million

Silver Lake was Dell’s original private-equity sponsor; the ongoing divestitures reduce its ownership stake further and may create a modest supply overhang. However, the upcoming 5,803-share disposition is negligible relative to average daily volume and should not materially dilute existing shareholders.

No information in the notice suggests undisclosed adverse developments; the signatory affirms awareness of no non-public negative information. The transaction is being routed through the NYSE.