Silver Lake Group, L.L.C. 4
4 · Dell Technologies Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Dell (DELL) 10% Owner SLTA IV (GP) Sells $74.6M in Shares
What Happened SLTA IV (GP), an entity listed as a 10% owner in Dell Technologies (DELL), sold a total of 459,999 Class C common shares on March 23, 2026 in a series of open‑market transactions. The reported proceeds across those sales were approximately $74,635,868. Individual sale prices reported (as block weighted averages) ranged roughly from $160.00 to $164.69 per share across multiple executions.
Key Details
- Transaction date: March 23, 2026 (filed March 24, 2026; filing appears timely).
- Total shares sold: 459,999; total reported proceeds: $74,635,868.
- Reported price ranges (by grouped sales / weighted averages): approx. $160.00–$160.9963, $161.00–$161.99, $162.00–$162.99, $163.00–$163.9931, and $164.0043–$164.6857.
- Type of transaction: Sales (S) — open‑market/private sales of Class C common stock.
- Shares owned after the transactions: not specified in the excerpt provided for SLTA IV (GP).
- Notable footnotes: (F1) sales occurred on Mar 20 and Mar 23, 2026 by related Silver Lake entities; (F2) certain Class B shares were converted to Class C in connection with these sales; (F14–F18) reported prices are weighted averages across multiple execution prices. (F10–F13, F8–F9) describe indirect/affiliated holdings and that some shares are held by related entities or for personnel; Egon Durban is noted elsewhere as a Silver Lake affiliate/director.
Context
- This filing reports institutional/affiliate selling by a 10% owner (Silver Lake‑related entities), which is different from an individual executive buying or selling for personal reasons. Institutional sales can reflect portfolio management or fund liquidity needs and are not, by themselves, a direct signal about company fundamentals.
- Some sales followed conversions of Class B to Class C stock (per footnote), a routine step when entities want to sell convertible shares.
- No purchase (P), option exercise (M), award (A), or gift (G) was reported here — all items are outright sales.
Insider Transaction Report
Form 4
SLTA IV (GP), L.L.C.
Director10% Owner
Transactions
- Sale
Class C Common Stock
[F1][F2][F14][F3][F9]2026-03-23$160.60/sh−31,377$5,039,146→ 286,127 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F4][F9]2026-03-23$160.60/sh−36,367$5,840,540→ 268,075 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F5][F9]2026-03-23$160.60/sh−18,627$2,991,496→ 151,697 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F6][F9]2026-03-23$160.60/sh−695$111,617→ 2,962 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F7][F9]2026-03-23$160.60/sh−313$50,268→ 1,336 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F3][F9]2026-03-23$161.37/sh−5,936$957,892→ 280,191 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F4][F9]2026-03-23$161.37/sh−6,881$1,110,387→ 261,194 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F5][F9]2026-03-23$161.37/sh−3,524$568,668→ 148,172 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F6][F9]2026-03-23$161.37/sh−131$21,139→ 2,831 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F7][F9]2026-03-23$161.37/sh−59$9,521→ 1,277 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F3][F9]2026-03-23$162.61/sh−108,798$17,691,643→ 171,393 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F4][F9]2026-03-23$162.61/sh−126,102$20,505,446→ 135,092 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F5][F9]2026-03-23$162.61/sh−64,591$10,503,143→ 83,582 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F6][F9]2026-03-23$162.61/sh−2,409$391,727→ 422 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F7][F9]2026-03-23$162.61/sh−1,086$176,594→ 190 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F3][F9]2026-03-23$163.14/sh−17,888$2,918,248→ 153,504 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F4][F9]2026-03-23$163.14/sh−20,733$3,382,382→ 114,359 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F5][F9]2026-03-23$163.14/sh−10,620$1,732,547→ 72,962 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F6][F9]2026-03-23$163.14/sh−396$64,603→ 26 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F7][F9]2026-03-23$163.14/sh−179$29,202→ 12 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F18][F3][F9]2026-03-23$164.18/sh−1,180$193,732→ 152,324 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F18][F4][F9]2026-03-23$164.18/sh−1,368$224,598→ 112,991 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F18][F5][F9]2026-03-23$164.18/sh−701$115,090→ 72,261 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F18][F6][F9]2026-03-23$164.18/sh−26$4,269→ 0 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F18][F7][F9]2026-03-23$164.18/sh−12$1,970→ 0 total(indirect: Held through Silver Lake Technology Investors V, L.P.)
Holdings
- 794(indirect: Held through Silver Lake Group)
Class C Common Stock
[F8][F9] - 692(indirect: See footnote)
Class C Common Stock
[F10] - 56,206(indirect: See footnote)
Class C Common Stock
[F11] - 1,252,345
Class C Common Stock
[F12] - 51,899(indirect: See footnote)
Class C Common Stock
[F13]
Footnotes (18)
- [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 20, 2026 and March 23, 2026.
- [F10]These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.
- [F11]This amount reflects 10,613, 6,350 and 39,243 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Mr. Durban.
- [F12]Represents shares of Class C Common Stock held by Mr. Durban.
- [F13]Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
- [F14]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.9963 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 $161.00 to $161.9900 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.
- [F16]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.00 to $162.9900 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.
- [F17]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.00 to $163.9931 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.
- [F18]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.0043 to $164.6857 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 20, 2026 and March 23, 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 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]Reflects shares held by Silver Lake Group, L.L.C. ("SLG").
- [F9]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.