Dell (DELL) 10% Owner SL SPV-2 L.P. Disposes 114,714 Shares

What Happened
SL SPV-2, L.P. (a greater‑than‑10% owner) reported an "other acquisition or disposition" (code J) on September 18, 2026, showing a disposition of 114,714 shares of Dell Technologies Inc. Class C common stock. The filing lists no per‑share price or total value (N/A). The transaction reflects in‑kind distributions of Class C shares initiated by related Silver Lake entities and was treated as exempt from routine reporting under Rule 16a‑13.

Key Details

• Transaction date: September 18, 2026; filing date: September 22, 2026 (filed timely).
• Transaction type/code: Other acquisition or disposition (J).
• Shares involved: 114,714 shares disposed; price and total dollar value not reported (N/A).
• Security: Class C Common Stock, par value $0.01 (Dell Technologies Inc.).
• Notable footnotes: Distributions were part of in‑kind distributions by Silver Lake affiliates; receipt of shares by reporting persons was exempt under Rule 16a‑13. Affiliates and related entities filed separate Forms 4 for related transactions.
• Ownership disclosure: SL SPV-2, L.P. is the reporting 10% owner; related general partners and managing members (Silver Lake entities) are described in the footnotes.

Context
This was not an open‑market sale by a company insider but an internal, in‑kind distribution among Silver Lake entities and certain employees/partners; such distributions are often administrative and exempt under Rule 16a‑13, so they do not necessarily signal a change in insider sentiment. As a >10% institutional holder, SL SPV-2, L.P.'s filings reflect ownership structuring among affiliated entities rather than typical executive trading.