Dell (DELL) 10% Owner Silver Lake Sells Class C Shares

What Happened

• Silver Lake Partners IV, L.P. (a reported 10% owner affiliated with Silver Lake) disposed of Dell Technologies Class C common stock. On Sept 21, 2026 it sold 7,994 shares in open‑market transactions for total cash proceeds of about $4,554,738 (sales at weighted average prices shown below). Separately, on Sept 18, 2026 there was an "other acquisition or disposition (J)" for 101,327 shares that relates to in‑kind distributions of Class C stock described in the filing and exempt from reporting under Rule 16a‑13.
• These were sales (not purchases), so they represent dispositions/liquidity by the 10% owner rather than insider purchases.

Key Details

• Transaction dates & prices:
  • 2026-09-18: 101,327 shares — "Other disposition (J)" — price N/A (in‑kind distribution; Rule 16a‑13 exemption).
  • 2026-09-21: 3,949 shares sold at a weighted average near $569.40 (range per filing: ~$569.245–$569.525).
  • 2026-09-21: 2,645 shares sold at a weighted average near $569.40 (same weighted range).
  • 2026-09-21: 839 shares sold at a weighted average near $571.51 (range per filing: ~$571.265–$572.105).
  • 2026-09-21: 561 shares sold at a weighted average near $571.51 (same weighted range).
• Total cash proceeds from the 9/21 sales: approximately $4,554,738.
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes: the Sept 18 distributions were in‑kind and exempt from reporting under Rule 16a‑13 (F1). The Sep 21 sale prices are reported as weighted averages with price ranges and the reporting persons will provide per‑trade price breakdowns on request (F9, F10).
• Timeliness: Report covers transactions through 9/18 and was filed 9/22/2026; the 9/21 sales were reported promptly (no late‑filing indication in the provided data).

Context

• This filing reflects institutional/affiliate activity by a 10% owner (Silver Lake) and is distinct from an individual executive making a buy/sell decision. In‑kind distributions and internal reallocations (Rule 16a‑13) are administrative and do not necessarily signal market views. Sales by large holders can be routine liquidity or portfolio management; filings are factual disclosures and do not state motive.