Silver Lake Technology Investors V, L.P. and affiliated reporting persons filed a Form 4 with the SEC on September 15, 2026, disclosing sales and conversions of Dell Technologies Inc. (NYSE:DELL) Class C Common Stock that occurred on September 11, 2026.

Key Highlights

  • Conversion: 729 shares of Class B Common Stock were converted into 729 shares of Class C Common Stock on September 11, 2026, at $0 conversion price.
  • Sales range: A total of 729 shares of Class C Common Stock were sold across multiple transactions on September 11, 2026, at prices ranging from $547.73 to $567.45 per share.
  • Remaining position: Following all reported transactions, Silver Lake Technology Investors V, L.P.'s indirect beneficial ownership in Class C Common Stock through its own entity reached 0 shares, with 110,372 Class B shares remaining.
  • Additional holdings: The filing also reflects other indirectly held Class C Common Stock positions, including 3,215 shares through Silver Lake Group, L.L.C., 239,356 shares per footnote (7), and 1,403,750 shares held directly.
  • Reporting persons: The filing was made jointly by Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., and Egon Durban, who serves as a director of Dell Technologies Inc.
  • Distribution activity: According to the filing, in-kind distributions of Class C Common Stock were initiated on September 11, 2026, with receipts by reporting persons described as exempt from reporting under Rule 16a-13 of the Exchange Act.

Silver Lake and Egon Durban Disclose Dell Transactions on September 11, 2026

According to the filing, Silver Lake Technology Investors V, L.P. and related entities sold shares of Dell Technologies Inc. Class C Common Stock (par value $0.01 per share) on September 11, 2026. The sales occurred across multiple transactions at prices ranging from $547.73 to $567.45 per share, with individual sale lots ranging from 4 to 103 shares. The filing lists 21 separate sale transactions, each coded "S," which in aggregate totaled 729 shares disposed of through Silver Lake Technology Investors V, L.P.

Prior to the sales, the filing discloses that certain reporting persons converted shares of Class B Common Stock into an equal number of Class C Common Stock shares. The filing states that each share of Class B Common Stock "is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date." The 729 shares acquired via conversion (transaction code "M") preceded the subsequent sales.

The filing also notes that in-kind distributions of Class C Common Stock were initiated on September 11, 2026, and that receipts of shares by reporting persons connected with those distributions "was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act." Egon Durban is identified in the filing as serving as a director of Dell Technologies Inc. and as CEO and a Managing Member of Silver Lake Group, L.L.C. The filing was submitted jointly by more than one reporting person, all sharing the address of 2775 Sand Hill Road, Suite 100, Menlo Park, California 94025.

What Was Disclosed

The Form 4 discloses that Silver Lake Technology Investors V, L.P. and affiliated entities converted 729 Class B shares into Class C shares and sold those 729 shares in multiple transactions on September 11, 2026, at prices between $547.73 and $567.45. In-kind distributions were also initiated on the same date.