Dell Technologies Inc. 4

Silver Lake‑affiliated funds (with Egon Durban as a reporting person) converted 51,884 Dell Class B shares into Class C and sold 32,962 Class C shares in the open market around $405–$419 per share while retaining a very large residual stake.

On July 6, 2026, investment entities affiliated with Silver Lake, including Silver Lake Partners V DE (AIV), L.P., together with director Egon Durban as a reporting person by deputization, converted 51,884 shares of Dell Technologies Inc. Class B Common Stock into an equal number of Class C Common shares and then executed a series of open‑market sales of Class C Common Stock at prices ranging from approximately $405 to $419 per share. The sale tranches totaled 32,962 Class C shares on that date, with weighted average prices disclosed for each price bucket, and were effected indirectly through Silver Lake Partners V DE (AIV), L.P., reducing that vehicle’s indirect Class C holdings from 51,884 to 18,922 shares in this specific table. The conversion from Class B to Class C was done in connection with these sales, consistent with the Class B shares’ feature of being convertible one‑for‑one into Class C with no expiration. After giving effect to the transactions reported here and related positions disclosed in the footnotes, Silver Lake and related entities continue to hold substantial Class B and Class C positions (including 9,411,815 Class C shares and 34,696,427 Class C shares reported as indirectly owned, plus large Class B positions held by various Silver Lake funds), meaning this represents portfolio‑level liquidity rather than a full exit. At recent prices around $410–$415 per share, the reported sales represent an aggregate disposition in the mid‑seven‑figure dollar range, while the remaining indirect holdings for the Silver Lake complex remain worth several billion dollars at current market prices.

Filing Facts

CIK

1571996

Ticker

DELL

Form

4

Source Type

sec

Accession

0001193125-26-298723

Alert Tier

7