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Dell Technologies Inc.·4

Jul 13, 5:51 PM ET

Silver Lake Group, L.L.C. 4

Research Summary

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Dell (DELL) 10% Owner Silver Lake Sells ~34,900 Shares

What Happened
Silver Lake Partners V DE (AIV), L.P. (reported as a 10% owner) sold multiple lots of Dell Technologies (DELL) Class C common stock in open‑market transactions on July 9, 2026. The filing shows sales totaling 34,869 shares across a series of trades at prices ranging roughly from $447.59 to $460.02 per share (per reported line items and footnote ranges), generating aggregate proceeds of about $15.8 million. The filing also reports a derivative conversion/exercise entry (code M) for 48,990 shares (conversion of Class B into Class C), which is related to the sales activity and conversions described in the footnotes.

Key Details

  • Transaction date: July 9, 2026 (Form 4 filed July 13, 2026 — within the normal 2 business‑day filing window).
  • Trades: 13 open‑market sale line items totaling 34,869 shares; per‑lot prices listed between $448.17 and $460.02; footnotes indicate trades occurred across price ranges roughly $447.59–$460.47.
  • Proceeds: Approximately $15.81 million reported from the listed disposals.
  • Derivative activity: Code M entries reflecting conversion/exercise of 48,990 shares (Class B → Class C) tied to the same July 9 activity.
  • Shares owned after transaction: Not specified for this reporting person in this single filing; several affiliates filed separate Form 4s and footnotes note holdings reported elsewhere.
  • Notable footnotes: F1 and F2 explain conversions of Class B to Class C and coordinated sales by related Silver Lake entities; F10–F22 describe weighted‑average pricing ranges for the multiple trades.
  • Type of reporting person: Institutional/10% owner (not an individual executive) — filings note separate affiliates and disclaimers of beneficial ownership.

Context
This was an institutional sale by a major investor (Silver Lake) and included conversions of Class B shares into Class C shares to effect the transactions. Sales by 10% owners are commonly routine portfolio or liquidity transactions and do not by themselves indicate management sentiment. The filing is factual (sales + conversion) and timely; motivations are not stated.