Silver Lake Group, L.L.C. 4
4 · Dell Technologies Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Dell (DELL) — SLTA IV (GP) 10% Owner Disposes 337,576 Shares
What Happened
SLTA IV (GP), L.L.C. — a Silver Lake affiliate reported as a 10% owner — recorded three "other acquisition or disposition (J)" transactions on March 25, 2026, disposing a total of 337,576 Class C common shares of Dell Technologies (152,324; 112,991; 72,261). No price per share is reported (N/A). The transactions relate to in‑kind, pro‑rata distributions initiated by Silver Lake funds and affiliates; the receipt/distribution of these shares was reported as exempt from Section 16 reporting under Rule 16a‑13.
Key Details
- Transaction date: March 25, 2026; Transaction code: J ("Other acquisition or disposition")
- Shares disposed: 152,324; 112,991; 72,261 — total 337,576 Class C shares; price: N/A (not an open‑market sale)
- Exemption/footnote: F1 — in‑kind distributions by Silver Lake funds; receipt/distribution exempt under Rule 16a‑13. Related footnotes (F2–F10) describe fund/entity structure and affiliated allocations (including references to Silver Lake Group and Egon Durban).
- Shares owned after transaction: Not specified in the excerpt provided.
- Filing timeliness: Form filed with a period/date of report of March 25, 2026 (same day); no late filing flag indicated.
Context
These entries reflect institutional reallocation/distributions within Silver Lake entities (including pro‑rata in‑kind distributions to affiliates and certain individuals), not open‑market sales by a company insider. Because the transfers were exempt in‑kind distributions, they do not necessarily signal intent to buy or sell in the public market. Retail investors should treat this as an internal fund/affiliate reorganization rather than a market trade by an individual executive.
Insider Transaction Report
- Other
Class C Common Stock
[F1][F2][F6]2026-03-25−152,324→ 0 total(indirect: Held through SL SPV-2, L.P.) - Other
Class C Common Stock
[F1][F3][F6]2026-03-25−112,991→ 0 total(indirect: Held through Silver Lake Partners IV, L.P.) - Other
Class C Common Stock
[F1][F4][F6]2026-03-25−72,261→ 0 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.)
- 2,928(indirect: Held through Silver Lake Group, L.L.C.)
Class C Common Stock
[F5][F6] - 2,560(indirect: See footnote)
Class C Common Stock
[F7] - 94,529(indirect: See footnote)
Class C Common Stock
[F8] - 1,284,190
Class C Common Stock
[F9] - 52,865(indirect: See footnote)
Class C Common Stock
[F10]
Footnotes (10)
- [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 initiated in-kind distributions of shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on March 25, 2026. The receipt of shares of Class C Common Stock by each of the Reporting Persons in connection with such distributions was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F10]Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members, including shares of Class C Common Stock received in connection with the pro rata distributions described herein on March 25, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F2]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").
- [F3]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").
- [F4]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").
- [F5]Reflects shares held directly by Silver Lake Group, L.L.C. ("SLG"), including shares of Class C Common Stock received in connection with the pro rata distributions described herein on March 25, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F6]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.
- [F7]These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest, including shares of Class C Common Stock received in connection with the pro rata distributions described herein on March 25, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F8]In connection with the distributions described in footnote (1) above, pro rata distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Mr. Durban. This amount reflects 17,906, 10,718 and 65,905 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of such individuals, including shares distributed in the March 25, 2026 distributions. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F9]Represents shares of Class C Common Stock held by Mr. Durban immediately following the receipt of shares in connection with the distributions of shares of Class C Common Stock on March 25, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.