Dell (DELL) 10% Owner Silver Lake Disposes 59,331 Shares

What Happened

• Silver Lake Partners V DE (AIV), L.P. (a reported 10% owner) recorded a disposition of 59,331 shares of Dell Technologies Inc. Class C common stock on September 18, 2026. The transaction is coded as "J" (other acquisition or disposition) and shows no per‑share price (N/A), so no dollar value is reported.
• The disposal arose from in‑kind distributions of Class C shares initiated by Silver Lake affiliates on September 18, 2026. The filing indicates these distributions and certain recipients’ receipt of shares were exempt from Form 4 reporting under Rule 16a‑13 of the Exchange Act.

Key Details

• Transaction date: 2026-09-18; SEC filing date: 2026-09-22 (appears to be filed after the usual two-business‑day Form 4 deadline).
• Transaction type/code: Other acquisition/disposition (J) — an in‑kind distribution, not an open‑market sale; price per share: N/A.
• Shares disposed: 59,331 Class C common shares. Total dollar value: not disclosed in the filing.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: distributions initiated by SL SPV-2, Silver Lake Partners IV & V and affiliates; many receipts were exempt under Rule 16a‑13 (F1, F6–F8). Ownership structure and related entities are detailed (F2–F3). SLG separately filed Form 4s for related transactions on Sept 21, 2026.
• Filing timeliness: appears late relative to the typical two-business‑day Form 4 filing requirement (transactionTimeliness = L).

Context

• This is institutional/affiliate activity by a 10% owner and relates to in‑kind share distributions within the Silver Lake group, not a straightforward insider open‑market sale or an executive purchase. Such distributions can reflect internal reallocation and are treated differently for reporting (exemptions under Rule 16a‑13) and do not by themselves indicate management sentiment about the stock.