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

What Happened
SLTA V (GP), L.L.C., a Silver Lake affiliate reported as a 10% owner, disposed of a total of about 150,455 shares of Dell Class C common stock on March 18–19, 2026. On March 18 the filing reports open‑market sales of 25,735 shares at weighted average prices of $154.17 and $154.78 per share (proceeds ≈ $3.97 million; price range reported $153.58–$155.00). On March 19 the filing shows three "other disposition" entries totaling 124,720 shares (56,298; 41,819; 26,603) reported with no per‑share dollar amounts — these were pro‑rata in‑kind distributions initiated by Silver Lake and are noted as exempt from individual reporting under Rule 16a‑13.

Key Details

• Transaction dates: Mar 17–19, 2026 activity; reported on Form 4 filed Mar 19, 2026 (covers trades dated Mar 18–19). Filing appears timely.
• Prices: Open‑market sales weighted averages $154.17 and $154.78; aggregate open‑market proceeds ≈ $3.97M; price range across those trades $153.58–$155.00 (per footnotes).
• Shares disposed: ~25,735 sold on the open market (detailed amounts), plus 124,720 shares distributed in‑kind on Mar 19 (total ≈150,455 shares).
• Shares owned after transaction: Not specified for SLTA V (GP) in the transaction table of this filing (see footnotes for related holdings and distributions).
• Notable footnotes: conversions of Class B → Class C shares occurred in connection with sales/distributions; the Mar 19 distributions of Class C stock were exempt from reporting under Exchange Act Rule 16a‑13; multiple Silver Lake entities and affiliates are involved.
• Transaction codes: S = sale (open market), J = other acquisition/disposition (used here for in‑kind distributions).

Context
These transactions were executed by a large institutional/affiliate holder (Silver Lake entities). The March 19 entries reflect in‑kind/pro‑rata distributions of Class C shares to affiliates and certain individuals and were treated as exempt receipts under Rule 16a‑13, not standard insider purchases. Such institutional sales or distributions often reflect portfolio or structural actions rather than a director/officer personal buy/sell signal.