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

What Happened

• SLTA V (GP), L.L.C. — a Silver Lake affiliate reported as a 10% owner of Dell Technologies (DELL) — sold 150,022 shares of Dell common stock in open-market/private transactions on March 20, 2026. The sales were executed at weighted prices roughly between $166.00 and $169.90 per share, generating aggregate cash proceeds of approximately $25.05 million.
• Separately, on March 23, 2026 the filing reports the acquisition (exercise/conversion) of 630,583 shares via derivative conversion/exercise entries (242,147; 248,576; 134,554; 3,657; 1,649). Corresponding derivative disposition lines are reported at $0, consistent with conversion/transfer mechanics tied to those exercises (see footnotes).

Key Details

• Transaction dates and prices:
  • Sales: March 20, 2026 — 150,022 shares sold at weighted average prices in ranges $166.00–$166.9998, $167.00–$167.98, $168.05–$169.01 and $169.15–$169.90 (aggregate proceeds ≈ $25,047,218).
  • Conversions/exercises: March 23, 2026 — 630,583 shares acquired via exercise/conversion (reported as “M” transactions); related disposition lines shown at $0.
• Shares owned after the transactions: not specified in the provided excerpt of the filing. Footnotes (F11–F13) note certain indirect holdings by Silver Lake entities and trusts (including allocations on behalf of employees and family members).
• Notable footnotes:
  • F1/F2: Multiple Silver Lake entities converted Class B shares to Class C in connection with these sales.
  • F9/F10/F11: SLG (Silver Lake Group) and Egon Durban (a Dell director and Co‑CEO/Managing Member of SLG) are linked to the reporting entities; some shares are held indirectly or on behalf of employees/family.
• Filing timeliness: Form 4 filed March 24, 2026 covering trades on March 20 and March 23. Form 4s are normally due within two business days of a transaction; the March 24 filing covers both dates but may be outside the two‑day window for the March 20 trades — consult the SEC record for official timeliness status.

Context

• These are institutional/affiliate transactions by a reported 10% owner (Silver Lake entities), not a straightforward insider buy/sell by an individual executive. That distinction matters because large institutional reallocations are often strategic or fund-related rather than personal timing bets.
• The March 23 “M” entries reflect conversions/exercises (e.g., converting Class B to Class C shares). The corresponding $0 disposition lines typically reflect conversion mechanics rather than cashless sale proceeds; see footnotes for conversion/sale linkage.
• No tax‑withholding, 10b5‑1 plan, or late‑filing disclaimers were specified in the excerpt. For full detail, consult the complete Form 4 (Accession 0001193125-26-122427) on the SEC EDGAR site.