Dell Technologies Inc. 4

Silver Lake Technology Investors V, L.P. (with Egon Durban and related Silver Lake entities) converted 610 Dell Class B shares into Class C and then sold 609 Class C shares in multiple open‑market transactions around $420–$430 per share while redistributing large Dell positions among affiliated funds via in‑kind transfers.

On June 3, 2026, Silver Lake Technology Investors V, L.P. and affiliated Silver Lake entities, together with director-by-deputization Egon Durban, reported a complex set of Dell Technologies Inc. equity transactions consisting primarily of small open‑market sales of Dell Class C common stock and an internal restructuring of their Dell holdings. Silver Lake Technology Investors V converted 610 shares of Dell Class B common stock into an equal number of Class C shares (code M), then disposed of a total of 609 Class C shares in a series of open‑market sales at weighted average prices ranging from approximately $420.22 to $430.07 per share, all held indirectly through Silver Lake Technology Investors V, L.P., leaving that specific account with zero shares after the reported sales. Concurrently, Silver Lake and its affiliates initiated in‑kind distributions of Class C stock from various Silver Lake funds and vehicles to Silver Lake Group, L.L.C., related entities, employees, and to or for the benefit of Mr. Durban and certain family members; these distributions and Mr. Durban’s associated receipt of shares were exempt from Section 16 reporting under Rule 16a‑13, but they substantially rebalanced the indirect ownership chain across Silver Lake Technology Investors V, SL SPV‑2, Silver Lake Partners IV and V, Silver Lake Technology Investors IV, and related affiliates. Following these moves, substantial indirect positions in Dell Class C and Class B stock remain held across Silver Lake structures (including more than 46.1 million Class C shares shown as indirectly held in aggregate and large Class B positions at various funds), with Durban’s economic interest continuing primarily through his roles and indirect pecuniary interests in Silver Lake entities rather than through direct open‑market activity. Using the reported sale prices and Dell’s recent price levels, the open‑market sale component represents only roughly $0.25 million of stock versus Silver Lake’s multi‑billion‑dollar Dell exposure, indicating these are largely technical, fund‑structuring trades rather than a meaningful directional reduction in economic ownership.

Filing Facts

CIK

1571996

Ticker

DELL

Form

4

Source Type

sec

Accession

0001193125-26-260117

Alert Tier

5