Silver Lake Group, L.L.C. 4
4 · Dell Technologies Inc. · Filed Mar 4, 2026
Insider Transaction Report
Form 4
SLTA IV (GP), L.L.C.
Director10% Owner
Transactions
- Exercise/Conversion
Class C Common Stock
[F1][F2][F3][F8]2026-03-02+262,632→ 262,632 total(indirect: Held through SL SPV-2, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F4][F8]2026-03-02+269,604→ 269,604 total(indirect: Held through Silver Lake Partners IV, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F5][F8]2026-03-02+145,937→ 145,937 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F6][F8]2026-03-02+3,967→ 3,967 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F7][F8]2026-03-02+1,789→ 1,789 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F12][F3][F8]2026-03-02$147.14/sh−8,689$1,278,499→ 253,943 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F12][F4][F8]2026-03-02$147.14/sh−10,083$1,483,613→ 259,521 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F12][F5][F8]2026-03-02$147.14/sh−5,166$760,125→ 140,771 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F12][F6][F8]2026-03-02$147.14/sh−192$28,251→ 3,775 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F12][F7][F8]2026-03-02$147.14/sh−87$12,801→ 1,702 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F13][F3][F8]2026-03-02$148.06/sh−12,378$1,832,687→ 241,565 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F13][F4][F8]2026-03-02$148.06/sh−14,364$2,126,734→ 245,158 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F13][F5][F8]2026-03-02$148.06/sh−7,360$1,089,722→ 133,411 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F13][F6][F8]2026-03-02$148.06/sh−274$40,568→ 3,501 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F13][F7][F8]2026-03-02$148.06/sh−123$18,211→ 1,579 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F14][F3][F8]2026-03-02$148.93/sh−17,323$2,579,914→ 224,242 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F14][F4][F8]2026-03-02$148.93/sh−20,101$2,993,642→ 225,057 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F14][F5][F8]2026-03-02$148.93/sh−10,300$1,533,979→ 123,111 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F14][F6][F8]2026-03-02$148.93/sh−383$57,040→ 3,118 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F14][F7][F8]2026-03-02$148.93/sh−173$25,765→ 1,406 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F15][F3][F8]2026-03-02$150.17/sh−61,201$9,190,554→ 163,041 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F15][F4][F8]2026-03-02$150.17/sh−71,017$10,664,623→ 154,040 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F15][F5][F8]2026-03-02$150.17/sh−36,390$5,464,686→ 86,721 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F15][F6][F8]2026-03-02$150.17/sh−1,353$203,180→ 1,765 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F15][F7][F8]2026-03-02$150.17/sh−610$91,604→ 796 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Exercise/Conversion
Class B Common Stock
[F2][F1][F3][F8]2026-03-02−262,632→ 19,716,151 total(indirect: Held through SL SPV-2, L.P.)→ Class C Common Stock (262,632 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F4][F8]2026-03-02−269,604→ 20,239,618 total(indirect: Held through Silver Lake Partners IV, L.P.)→ Class C Common Stock (269,604 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F5][F8]2026-03-02−145,937→ 10,955,680 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.)→ Class C Common Stock (145,937 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F6][F8]2026-03-02−3,967→ 297,792 total(indirect: Held through Silver Lake Technology Investors IV, L.P.)→ Class C Common Stock (3,967 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F7][F8]2026-03-02−1,789→ 134,287 total(indirect: Held through Silver Lake Technology Investors V, L.P.)→ Class C Common Stock (1,789 underlying)
Holdings
- 80,228(indirect: See footnote)
Class C Common Stock
[F9] - 1,172,428
Class C Common Stock
[F10] - 49,228(indirect: See footnote)
Class C Common Stock
[F11]
Footnotes (15)
- [F1]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.
- [F10]Represents shares of Class C Common Stock held by Mr. Durban.
- [F11]Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
- [F12]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.
- [F13]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.
- [F14]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.
- [F15]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.
- [F2]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.
- [F3]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").
- [F4]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").
- [F5]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").
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.