Silver Lake funds sell 39,537 Dell (DELL) shares, convert 52,073 Class B
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Lake–affiliated funds adjusted their Dell Technologies holdings through sales and conversions. On June 12, 2026, Silver Lake Partners IV, L.P. and related entities sold 39,537 shares of Dell Class C Common Stock in open-market transactions at prices between $398.9913 and $408.2463 per share.
Certain reporting persons also converted 52,073 shares of Class B Common Stock into an equal number of Class C shares in connection with these sales, at a stated conversion price of $0.0000 per share. After these transactions, Silver Lake Partners IV, L.P. indirectly holds 109,453 shares of Class C Common Stock and 17,483,318 shares of Class B Common Stock, while Dell director Egon Durban directly holds 1,317,963 Class C shares and additional indirect interests through affiliated entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,537 shares ($15,938,112)
Net Sell
19 txns
Insider
Silver Lake Partners IV, L.P., Silver Lake Technology Associates IV, L.P., SLTA IV (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon
Role
null | null | null | null | null
Sold
39,537 shs ($15.94M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 52,073 | $0.00 | -- |
| Exercise | Class C Common Stock | 52,073 | $0.00 | -- |
| Sale | Class C Common Stock | 5,697 | $399.50 | $2.28M |
| Sale | Class C Common Stock | 5,186 | $400.52 | $2.08M |
| Sale | Class C Common Stock | 6,488 | $401.41 | $2.60M |
| Sale | Class C Common Stock | 4,512 | $402.53 | $1.82M |
| Sale | Class C Common Stock | 2,020 | $403.35 | $815K |
| Sale | Class C Common Stock | 1,261 | $404.58 | $510K |
| Sale | Class C Common Stock | 4,973 | $405.57 | $2.02M |
| Sale | Class C Common Stock | 6,708 | $406.35 | $2.73M |
| Sale | Class C Common Stock | 2,412 | $407.38 | $983K |
| Sale | Class C Common Stock | 280 | $408.08 | $114K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
| holding | Class C Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 17,483,318 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 109,453 shares (Indirect, Held through Silver Lake Partners IV, L.P.);
Class C Common Stock — 1,317,963 shares (Direct, null)
Footnotes (1)
- Silver Lake Technology Investors V, L.P., SL SPV-2, L.P., Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P. and certain of their respective affiliates sold certain shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on June 12, 2026. Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "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. On June 12, 2026, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above. These securities are directly held by Silver Lake Partners IV, L.P. The general partner of Silver Lake Partners IV, L.P. is Silver Lake Technology Associates IV, L.P. and the general partner of Silver Lake Technology Associates IV, L.P. is SLTA IV (GP), L.L.C. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA IV (GP), L.L.C. Egon Durban, who serves as a director of the Issuer, also serves as a Co-CEO and Managing Member of SLG. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. Reflects shares of Class C Common Stock held by SLG. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest. This amount reflects 24,563, 24,932, 114,663 and 56 shares held by SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P., SLG and Silver Lake Secondary Holdings L.P., respectively, on behalf of certain employees and managing members of SLG or its affiliates. Represents shares of Class C Common Stock held directly by Mr. Durban. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $398.9913 to $399.9800 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $400.0000 to $400.9946 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $401.0000 to $401.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $402.0000 to $402.9999 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $403.0000 to $403.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $404.0047 to $404.9892 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $405.0000 to $405.9941 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $406.0000 to $406.9985 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $407.0000 to $407.9900 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $408.0000 to $408.2463 per share, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 91,809 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 50,381 shares of Class C Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 0 shares of Class C Common Stock, and Silver Lake Technology Investors V, L.P. directly holds 0 shares of Class C Common Stock, which securities and transactions are reported on separate Form 4 filings. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 17,031,140 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,463,699 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 257,237 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 116,000 shares of Class B Common Stock, which securities and transactions are reported on separate Form 4 filings.
Key Figures
Shares sold: 39,537 shares
Shares converted: 52,073 shares
Sale price range: $398.9913–$408.2463/share
+4 more
7 metrics
Shares sold
39,537 shares
Class C Common Stock sold on June 12, 2026
Shares converted
52,073 shares
Class B converted into Class C on June 12, 2026
Sale price range
$398.9913–$408.2463/share
Weighted-average price ranges for Class C sales
SLP IV Class C holding
109,453 shares
Class C Common Stock held indirectly by Silver Lake Partners IV, L.P. after transactions
SLP IV Class B holding
17,483,318 shares
Class B Common Stock held indirectly by Silver Lake Partners IV, L.P. after conversion
Durban direct Class C
1,317,963 shares
Class C Common Stock held directly by Egon Durban
Remaining convertible Class B
26,868,076 shares
Class B indirectly held, convertible into Class C, per derivative summary
Key Terms
Class C Common Stock, Class B Common Stock, weighted average price, derivative security, +2 more
6 terms
Class C Common Stock financial
"sold certain shares of Class C Common Stock, par value $0.01 per share"
A class C common stock is a type of company share that usually represents ownership but often carries limited or no voting power compared with other share classes. For investors, that matters because it can affect influence over company decisions and sometimes the stock’s price or dividend priority — think of it as owning a ticket to the same event but in a section with less say in how the event is run.
Class B Common Stock financial
"Each share of Class B Common Stock, par value $0.01 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect pecuniary interest financial
"shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest."
director by deputization financial
"Each of the Reporting Persons may be deemed a director by deputization of the Issuer."
FAQ
What did Silver Lake report in its latest Dell (DELL) Form 4 filing?
Silver Lake–affiliated entities reported selling Class C shares of Dell Technologies and converting Class B shares into Class C on June 12, 2026. The filing details share counts, price ranges, and resulting holdings across multiple Silver Lake funds and related entities.
What conversions between Dell Class B and Class C stock did Silver Lake report?
Certain reporting persons converted 52,073 shares of Dell Class B Common Stock into an equal number of Class C shares. Each Class B share is convertible one-for-one into Class C at any time, at the holder’s election or automatically upon certain transfers, with no expiration date.
What Dell (DELL) stake does Silver Lake Partners IV hold after these transactions?
Following the June 12, 2026 transactions, Silver Lake Partners IV, L.P. indirectly holds 109,453 shares of Dell Class C Common Stock and 17,483,318 shares of Class B Common Stock. These holdings are reported as indirect interests through its general partner and affiliated management entities.
How is Dell director Egon Durban involved in the Silver Lake Form 4 filing?
Egon Durban is identified as a Dell director and Co-CEO and Managing Member of Silver Lake Group, L.L.C. The filing notes he has direct ownership of Dell Class C shares and indirect pecuniary interests through various Silver Lake entities and a family trust structure.