Silver Lake Group, L.L.C. 4

What Happened
Silver Lake Technology Investors V, L.P. (a 10% owner / institutional reporting person) sold 601 shares of Dell Technologies (DELL) Class C common stock in multiple open‑market trades on July 9, 2026, generating approximately $272,578 in proceeds. The filing also reports related exercise/conversion activity involving 600 shares (derivative/convertible conversion of Class B into Class C per footnote 2) in connection with these sales.

Key Details

• Transaction date: July 9, 2026. Types: S = open‑market sales (601 shares); M = exercise/conversion (600 shares reported as acquired and 600 as a derivative disposition).
• Sale proceeds: about $272,578 total. Individual sale tranches ranged from small lots (6 shares) up to 106 shares at various weighted average prices shown on the Form 4. Reported per‑share prices (across tranches) ranged roughly from $447.59 to $460.47.
• Footnotes: multiple weighted‑average prices reported (F10–F22); conversion of Class B to Class C noted (F2); related holdings of affiliated entities after the trades are listed in footnotes F23 and F24 and on separate Form 4s.
• Ownership after transaction: see footnotes for affiliate-level holdings (SL SPV‑2, Silver Lake Partners IV, etc.). This filing is by institutional reporting persons (not an individual executive).
• Filing timeliness: no late‑filing flag shown in this record.

Context
These transactions reflect an institutional owner converting/ exercising Class B shares into Class C shares and selling portions in the open market. For retail investors: sales by large shareholders are routine liquidity actions and do not, on their own, indicate management sentiment. The derivative entries indicate conversion/exercise activity (M code) tied to the sales; consult the Form 4 footnotes for the detailed breakdown of prices and affiliate holdings.