SLTA V (GP), L.L.C. 4

What Happened

• SLTA V (GP), L.L.C., a reporting 10% owner of Dell Technologies (DELL), converted/exercised a total of 136,941 derivative securities into Class C common shares on March 18, 2026, and sold 74,258 of the resulting shares in multiple open-market transactions that day.
• The open-market sales generated aggregate proceeds of approximately $11.31 million. Sales executed at prices roughly in the $150.00–$153.49 range (reported as weighted averages across grouped transactions).

Key Details

• Transaction date: March 18, 2026 (Form 4 filed March 19, 2026).
• Derivative exercises/conversions: 136,941 shares (reported as code M — exercise/conversion).
• Open-market sales: 74,258 shares for about $11,307,748 total (multiple trades; weighted average prices reported in the $150–$153 range).
• Price ranges noted in the filing: $150.00–$150.67, $151.51–$152.5085, and $152.51–$153.49 (see filing footnotes F14–F16).
• Shares owned after transaction: not explicitly stated in the excerpt provided; the filing and footnotes indicate indirect holdings and distributions among Silver Lake entities and individuals.
• Notable footnotes: many received shares and pro rata distributions (including to individuals and affiliates) were reported as exempt from reporting under Rule 16a-13 (footnotes F1, F2, F11–F13). SLTA V is an affiliate within the Silver Lake group; Egon Durban and related entities are referenced in the filing (F8–F9).
• Filing timeliness: filed the business day after the transactions (no late-filing flag indicated in the provided excerpt).

Context

• The "M" code transactions reflect conversion/exercise of convertible or derivative securities (here, Class B to Class C conversions are described in the footnotes), not a cash purchase. The $0.00 derivative disposition lines in the filing reflect non‑cash conversions rather than market sales.
• SLTA V is an institutional/affiliate holder (part of the Silver Lake group, reported as a 10% owner). Institutional/affiliate sales and in-kind distributions are often part of portfolio management and corporate restructurings; they are not the same signal as direct insider (executive) purchases or sales.