Silver Lake Group, L.L.C. 4

What Happened

• Silver Lake Technology Investors IV, L.P. (a reported 10% owner) converted/exercised 1,412 shares (Class B to Class C) and sold approximately 1,411 shares of Dell Technologies Inc. (DELL) in multiple open-market transactions on July 8, 2026.
• The shares were sold at prices ranging roughly from $419.54 to $438.00 per share (grouped into weighted-average price buckets in the filing), generating total reported proceeds of about $602,720. The Form 4 shows derivative activity (code M) for the conversion/exercise and multiple sales (code S).

Key Details

• Transaction date: July 8, 2026; Form filed July 10, 2026 (timely filing).
• Sold shares: ~1,411 shares across many trades; total proceeds ≈ $602,720. Price range reported in footnotes: $419.54–$438.00 (grouped weighted averages per trade block).
• Derivative activity: 1,412 shares reported as exercised/converted (M) in connection with the sales; one derivative line shows a $0 disposition amount (conversion of Class B into Class C).
• Shares owned after transaction: Not specified for Silver Lake Technology Investors IV in this filing; related affiliates’ post-transaction holdings are reported on separate Form 4s (see footnotes).
• Notable footnotes: multiple weighted-average price ranges for different sale blocks (Footnotes F10–F28); Footnote F2 confirms conversion of Class B into Class C shares in connection with these sales.
• Transaction codes: M = option/conversion exercise; S = open-market sale.

Context

• This filing reflects institutional/10% owner activity, not an individual executive’s personal trade. The conversion of Class B to Class C common stock followed by same‑day open‑market sales is effectively a cashless disposition of converted shares.
• As with most sales by large holders, this is informational rather than a clear signal of company prospects; purchases typically carry more weight for bullish signals.