Dell Technologies: 10% owner Silver Lake Partners V DE sold 26,539 shares

What happened

• Silver Lake Partners V DE, a 10% owner, reported exercising or converting 38,106 derivative shares and selling 26,539 shares on Oct 6, 2026. The reported proceeds from the open-market sales total $15,271,411. The Form 4 shows a separate derivative disposal entry for 38,106 shares at $0.00.

Key details

• Transaction date: Oct 6, 2026.
• Sales (open-market) by lot:
  • 2,575 shares at $571.90 for $1,472,643.
  • 2,856 shares at $572.50 for $1,635,060.
  • 3,237 shares at $573.77 for $1,857,293.
  • 4,073 shares at $574.66 for $2,340,590.
  • 4,496 shares at $575.59 for $2,587,853.
  • 3,177 shares at $576.68 for $1,832,112.
  • 1,474 shares at $577.84 for $851,736.
  • 2,361 shares at $578.66 for $1,366,216.
  • 1,611 shares at $579.63 for $933,784.
  • 386 shares at $580.21 for $223,961.
  • 293 shares at $580.76 for $170,163.
• Derivative activity: exercise or conversion of derivative reported as 38,106 shares acquired (M) and a corresponding derivative disposal of 38,106 shares at $0.00 (M).
• Price ranges: sales were executed in multiple transactions; footnotes report per-lot weighted-average prices and price ranges spanning approximately $571.15 to $581.50 (see footnotes F10–F20).
• Shares held after the transactions: the filing reports related affiliates' post-transaction holdings (footnotes F21 and F22), including SL SPV-2, L.P. directly holding 22,254 shares of Class C Common Stock and Silver Lake Partners IV, L.P. directly holding 19,761 shares of Class C Common Stock; see footnotes for full breakdown.
• Relevant footnotes: F1 (affiliate sales on Oct 6, 2026), F2 (conversion of Class B to Class C), F10–F20 (price ranges and weighted averages), F21–F22 (post-transaction holdings across affiliates). The reporting persons filed jointly and disclaim certain beneficial ownership in remarks.
• Filing timeliness: Form filed Oct 8, 2026, reporting transactions on Oct 6, 2026 (no late filing indicated in the Form 4).

Why it may matter

• The Form 4 reports conversion/exercise of derivative shares and multiple open-market sales on the same date; the sales were executed in multiple transactions at different prices rather than a single-block sale.
• The reporting person is identified as a 10% owner, a large holder rather than an executive.
• This filing does not show why the insider traded or why the company acted.