Dell (DELL) Silver Lake Partners IV (10% Owner) Sells Shares

What Happened
Silver Lake Partners IV, L.P. (reported as a 10% owner) executed a series of open‑market sales of Dell Technologies (DELL) Class C common stock on September 17, 2026. The filing shows 16 sale transactions disposing a total of 52,488 shares for aggregate proceeds of approximately $30.75 million. In connection with those sales, the reporting persons also recorded the conversion/exercise of 70,460 shares of Class B common stock into an equal number of Class C shares.

Key Details

• Transaction date: September 17, 2026 (Form 4 filed Sept 21, 2026).
• Sales: 52,488 Class C shares sold in multiple open‑market transactions; proceeds ≈ $30,745,975.
• Price range across transactions: about $577.32 to $591.64 per share (per footnotes; row prices shown as weighted averages).
• Derivative activity: 70,460 shares reported as exercised/converted (Class B → Class C) in connection with these sales.
• Shares owned after transactions: the filing references holdings of related Silver Lake entities (see footnotes); specific direct post‑transaction holdings for Silver Lake Partners IV are not separately listed in this table. Examples in footnotes: SL SPV‑2, L.P. holds 114,714 Class C shares; Silver Lake Partners V DE (AIV), L.P. holds 59,331 Class C shares.
• Notable footnotes: multiple footnotes explain the weighted‑average pricing ranges for grouped sales and that several related Silver Lake affiliates filed separate Form 4s (reporting limits).
• Timeliness: the form was filed on Sept 21 for Sept 17 transactions; the filing itself does not include a late‑filing flag in the disclosed data.

Context

• This filing reflects institutional trading by a major shareholder (Silver Lake group), not a corporate executive’s personal buy/sell signal. Institutional sales are often portfolio or liquidity actions and shouldn’t be read as management sentiment.
• The derivative entry reflects conversion of Class B shares into Class C shares (per footnote) — some converted shares were used to effect the public sales.
• The sales are open‑market disposals reported in multiple transactions (see footnotes for per‑transaction price breakdowns).