Dell (DELL) 10% Owner Silver Lake Sells 468 Shares (~$274K)

What Happened

• Silver Lake Technology Investors V, L.P. (a reporting 10% owner / Silver Lake affiliate) sold 468 shares of Dell Technologies Class C common stock in multiple open-market transactions on September 17, 2026. The sales were executed in several blocks at prices from about $577.32 to $591.64 per share, producing aggregate proceeds of roughly $274,200.
• The filing also reports conversions/exercises (derivative code M) of 468 shares (Class B → Class C conversion per footnote), with those converted shares then disposed of in the market (a cash sale rather than a retention).

Key Details

• Transaction date: September 17, 2026. Sales executed across many trades; reported individual sale lot prices ranged roughly $577.32–$591.64. Several weighted-average price ranges are provided in footnotes (F10–F24) for the different sale lots.
• Total shares sold: 468. Total proceeds reported (sum of listed dispositions): approximately $274,202.
• Derivative activity: Two M-coded entries show 468 shares acquired by conversion/exercise and 468 shares disposed (derivative conversion then sale). Footnote F2 confirms Class B → Class C conversions were used in connection with these sales.
• Post-transaction holdings: This Form 4 does not list a remaining balance for the submitting entity; related Silver Lake affiliates’ holdings after these transactions are disclosed in footnotes F25 and F26 and on separate Form 4s (examples: SL SPV-2, L.P. and other affiliates’ share counts are reported in those notes).
• Filing notes: Multiple affiliates filed related Forms 4 (filing limits on transactions/reporting persons noted). No indication in this filing that it was late.

Context

• This is institutional selling by a >10% owner (Silver Lake group), not an executive purchase—such sales are often routine rebalancing or liquidity management and should not be read as management insider sentiment.
• The filing shows conversion of Class B shares into Class C shares and immediate sale (a common mechanism for affiliated holders to liquidate converted shares). Transaction codes: S = sale; M = exercise/conversion (derivative).
• Weighted-average prices and per-lot price ranges are provided in multiple footnotes; the reporting persons offer to disclose the exact number of shares sold at each price upon request.