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Dell Technologies Inc.·4

Mar 19, 6:26 PM ET

Silver Lake Group, L.L.C. 4

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Dell (DELL) 10% Owner SLTA IV GP Exercises Derivatives, Sells Shares

What Happened
SLTA IV (GP), L.L.C., reported as a 10% owner of Dell Technologies (DELL), exercised/converted a total of 136,941 derivative/Class B interests into Class C common shares on March 18, 2026 and sold 74,258 of those shares in open-market transactions the same day. The open‑market sales generated aggregate proceeds of roughly $11.31 million. Sales were executed at weighted-average prices reported around $150.32, $152.34 and $152.90 (individual trades ranged about $150.00 to $153.49 per footnotes).

Key Details

  • Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely).
  • Derivative activity: Exercised/converted 52,586; 53,983; 29,220; 794; and 358 derivative shares (total 136,941). Some derivative disposals are reported at $0, reflecting surrender/conversion. (Transaction code M = exercise/conversion.)
  • Open-market sales: 74,258 shares sold in multiple trades for total proceeds ≈ $11,307,748. Reported weighted-average prices grouped at $150.32, $152.34 and $152.90; overall sale prices ranged roughly $150.00–$153.49 (see footnotes F14–F16).
  • Shares owned after transaction: Not specified for SLTA IV (GP) in this Form 4.
  • Notable footnotes: Many share receipts/distributions among Silver Lake entities and certain pro rata employee/manager distributions were exempt from reporting under Rule 16a‑13 (see F1, F2, F11–F13). The filing also notes joint filing by related Silver Lake reporting persons and disclaims beneficial ownership beyond pecuniary interest.
  • Filing timeliness: Reported promptly (transaction 3/18, filed 3/19); no late filing flag.

Context
This filing reflects activity by a large institutional/affiliate holder (Silver Lake-related entity), not a routine individual purchase signal by an executive. The derivative entries represent conversion/exercise of convertible/Class B interests (convertible into Class C common shares); many of the converted shares were sold in the market the same day. Some distributions of shares among Silver Lake affiliates and to employees were made in‑kind and were exempt from reporting under Rule 16a‑13, per the footnotes.