Dell Technologies (DELL) director Silver Lake Partners IV sold 138,885 shares for $55.3M at an average $398.13

Insider transactions reported

Silver Lake Partners IV, L.P. (director at Dell Technologies Inc., DELL) reported that they sold 138,885 shares for $55.3M at an average $398.13, and acquired 147,473 shares, and gifted 12,009 shares on Jun 8, 2026. After these transactions the filing shows 0 shares held indirectly (Held through Silver Lake Partners IV, L.P.) and 1,313,489 shares held directly.

Reporting person

Silver Lake Partners IV, L.P.

Options and other derivatives

Holdings before and after

• Class C Common Stock: 1,325,498 to 1,313,489 direct
• Class B Common Stock: 17,955,515 to 17,808,042 indirect, Held through Silver Lake Partners IV, L.P.

Other positions listed

• Class C Common Stock: 7,501 indirect, Held through Silver Lake Group, L.L.C.
• Class C Common Stock: 4,610 indirect, See footnote
• Class C Common Stock: 155,344 indirect, See footnote
• Class C Common Stock: 47,035 indirect, See footnotes
• Class C Common Stock: 66,287 indirect, See footnote

Footnotes from the filing

1. 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 8, 2026 and initiated in-kind distributions of shares of Class C Common Stock on June 8, 2026. The receipt of shares of Class C Common Stock by each of the Reporting Persons in connection with such distributions was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
2. 2. 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 8, 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 and distributions described in footnote (1) above.
3. 3. 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.
4. 4. 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.
5. 5. Reflects shares of Class C Common Stock held by SLG. Shares held include shares of Class C Common Stock received in connection with the distributions described herein on June 8, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
6. 6. These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest including shares received in connection with the distributions of shares of Class C Common Stock on June 8, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
7. 7. In connection with the distributions described in footnote (1) above, distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Mr. Durban. This amount reflects 24,563, 20,747, 109,978 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 such individuals, including shares distributed in the June 8, 2026 distributions. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
8. 8. Represents shares of Class C Common Stock held directly by Mr. Durban. The 12,009 shares represent shares of Class C Common Stock deemed received by Mr. Durban in connection with the distribution of shares of Class C Common Stock described herein on June 8, 2026, all of which were donated on such day to a charitable foundation. The deemed receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
9. 9. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members, including shares received in connection with the distributions of shares of Class C Common Stock on June 8, 2026. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
10. 10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $386.0028 to $386.9980 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.
11. 30. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 0 shares of Class C Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 66,287 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 related transactions are reported on separate Form 4 filings.
12. 31. Following the transactions described in footnote (1), SL SPV-2, L.P. directly holds 17,347,464 shares of Class B Common Stock, Silver Lake Partners V DE (AIV), L.P. directly holds 9,639,471 shares of Class B Common Stock, Silver Lake Technology Investors IV, L.P. directly holds 262,014 shares of Class B Common Stock and Silver Lake Technology Investors V, L.P. directly holds 118,154 shares of Class B Common Stock, which securities are reported on separate Form 4 filings.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Gift:

Code G marks a bona fide gift. No money changes hands.

Other acquisition or disposition:

Code J marks a transaction that fits no other code. The footnotes describe what happened.

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