Dell Technologies Inc. 4

Silver Lake–affiliated fund SL SPV-2, L.P. converted 89,510 Dell Class B shares into Class C and then sold 54,236 Class C shares in the open market around $420–$430 per share on June 3, 2026, as part of a broader sale and distribution of Dell stock by Silver Lake entities.

On June 3, 2026, Silver Lake–affiliated vehicles led by SL SPV-2, L.P. reported a series of transactions in Dell Technologies Inc. Class C Common Stock in connection with a broader secondary sale and in-kind distribution. First, 89,510 shares of Dell Class B Common Stock were converted into an equal number of Class C shares (coded “M”), moving from direct Class B to indirect Class C ownership through SL SPV-2, L.P. The SL SPV-2 entity then executed multiple open‑market sales of Class C Common Stock totaling 54,236 shares at weighted‑average prices between approximately $420.22 and $430.07 per share, generating roughly $23 million of gross proceeds and reducing its indirect Class C balance to 11,274 shares. Those remaining 11,274 shares were then removed via a non‑market “J” transaction, effectively taking SL SPV-2’s directly held Class C position to zero while a substantial indirect Class C stake—about 17.76 million shares—continued to be held through SL SPV-2, L.P., and approximately 28.49 million Class C shares were reported as beneficially owned in the aggregate by certain Silver Lake funds and affiliates. The activity reflects a combination of monetization and structural rebalancing (B‑to‑C conversions and in‑kind distributions) by Silver Lake’s investment entities, with Egon Durban (a Dell director and Co‑CEO/Managing Member of Silver Lake Group, L.L.C.) deemed to have indirect pecuniary interests but filing separately for his personal holdings.

Filing Facts

CIK

1571996

Ticker

DELL

Form

4

Source Type

sec

Accession

0001193125-26-260102

Alert Tier

7