Dell Technologies Inc.: 10% owner Silver Lake Partners IV sold 54,236 shares

What happened

• Silver Lake Partners IV, L.P., a 10% owner, reported converting/exercising 70,397 shares (Class B to Class C) and selling 54,236 Class C shares in multiple open-market transactions on Oct 6, 2026. The reported proceeds from the sales totaled $31,198,621.
• The filing also reports a derivative disposition of 70,397 shares at $0 (exercise/conversion entries are separately reported).

Key details

• transaction dates and prices: all transactions reported on Oct 6, 2026; sales reported in blocks with weighted-average prices and prices across the sales ranged from $571.1500 to $581.5000 per share (see footnotes F10–F21 for per-block ranges).
• shares sold and proceeds: 54,236 shares sold in multiple open-market transactions for aggregate proceeds of $31,198,621.
• exercised/converted shares: 70,397 shares were converted or exercised (reported as derivative transactions, M).
• holdings after the transactions: footnotes state related affiliates hold various shares (for example, SL SPV-2, L.P. directly holds 22,254 shares of Class C and 15,891,435 shares of Class B; other affiliates’ holdings and transactions are reported on separate Form 4s) (see F22–F23).
• other footnotes: footnote F1 describes the sales by multiple Silver Lake entities; footnote F2 describes conversion mechanics (Class B convertible into Class C); footnotes F10–F21 give weighted-average price ranges for the sale blocks.
• filing date and timeliness: Form 4 was filed Oct 8, 2026 reporting Oct 6, 2026 transactions (the filing does not indicate a late filing flag).

Why it may matter

• the filing reports a conversion/exercise of convertible shares followed by same-day open-market sales (derivative exercise/conversion and sale reported on the same date).
• Silver Lake Partners IV is a 10% owner (an institutional/large holder, not an executive in the filing).
• a filing does not show why the insider traded or why the company acted.