SLTA V (GP), L.L.C. 4
4 · Dell Technologies Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Dell (DELL) 10% Owner SLTA V (GP), L.L.C. Sells Shares
What Happened
SLTA V (GP), L.L.C., a Silver Lake affiliate reported as a 10% owner, disposed of a total of about 150,455 shares of Dell Class C common stock on March 18–19, 2026. On March 18 the filing reports open‑market sales of 25,735 shares at weighted average prices of $154.17 and $154.78 per share (proceeds ≈ $3.97 million; price range reported $153.58–$155.00). On March 19 the filing shows three "other disposition" entries totaling 124,720 shares (56,298; 41,819; 26,603) reported with no per‑share dollar amounts — these were pro‑rata in‑kind distributions initiated by Silver Lake and are noted as exempt from individual reporting under Rule 16a‑13.
Key Details
- Transaction dates: Mar 17–19, 2026 activity; reported on Form 4 filed Mar 19, 2026 (covers trades dated Mar 18–19). Filing appears timely.
- Prices: Open‑market sales weighted averages $154.17 and $154.78; aggregate open‑market proceeds ≈ $3.97M; price range across those trades $153.58–$155.00 (per footnotes).
- Shares disposed: ~25,735 sold on the open market (detailed amounts), plus 124,720 shares distributed in‑kind on Mar 19 (total ≈150,455 shares).
- Shares owned after transaction: Not specified for SLTA V (GP) in the transaction table of this filing (see footnotes for related holdings and distributions).
- Notable footnotes: conversions of Class B → Class C shares occurred in connection with sales/distributions; the Mar 19 distributions of Class C stock were exempt from reporting under Exchange Act Rule 16a‑13; multiple Silver Lake entities and affiliates are involved.
- Transaction codes: S = sale (open market), J = other acquisition/disposition (used here for in‑kind distributions).
Context
These transactions were executed by a large institutional/affiliate holder (Silver Lake entities). The March 19 entries reflect in‑kind/pro‑rata distributions of Class C shares to affiliates and certain individuals and were treated as exempt receipts under Rule 16a‑13, not standard insider purchases. Such institutional sales or distributions often reflect portfolio or structural actions rather than a director/officer personal buy/sell signal.
Insider Transaction Report
Form 4
SLTA V (GP), L.L.C.
Director10% Owner
Transactions
- Sale
Class C Common Stock
[F1][F2][F14][F3][F9]2026-03-18$154.17/sh−5,979$921,782→ 59,560 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F4][F9]2026-03-18$154.17/sh−6,926$1,067,781→ 45,597 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F5][F9]2026-03-18$154.17/sh−3,554$547,920→ 28,542 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F6][F9]2026-03-18$154.17/sh−132$20,350→ 72 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F7][F9]2026-03-18$154.17/sh−60$9,250→ 33 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F3][F9]2026-03-18$154.78/sh−3,262$504,892→ 56,298 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F4][F9]2026-03-18$154.78/sh−3,778$584,759→ 41,819 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F5][F9]2026-03-18$154.78/sh−1,939$300,118→ 26,603 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F6][F9]2026-03-18$154.78/sh−72$11,144→ 0 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F7][F9]2026-03-18$154.78/sh−33$5,108→ 0 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Other
Class C Common Stock
[F1][F2][F3][F9]2026-03-19−56,298→ 0 total(indirect: Held through SL SPV-2, L.P.) - Other
Class C Common Stock
[F1][F2][F4][F9]2026-03-19−41,819→ 0 total(indirect: Held through Silver Lake Partners IV, L.P.) - Other
Class C Common Stock
[F1][F2][F5][F9]2026-03-19−26,603→ 0 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.)
Holdings
- 794(indirect: Held through Silver Lake Group)
Class C Common Stock
[F8][F9] - 692(indirect: See footnote)
Class C Common Stock
[F10] - 56,206(indirect: See footnote)
Class C Common Stock
[F11] - 1,252,345
Class C Common Stock
[F12] - 51,899(indirect: See footnote)
Class C Common Stock
[F13]
Footnotes (15)
- [F1]SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV"), Silver Lake Partners V DE (AIV), L.P. ("SLP V") 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 March 17, 2026 and March 18, 2026 and initiated in-kind distributions of shares of Class C Common Stock on March 19, 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.
- [F10]These shares of Common Stock were 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 March 19, 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.
- [F11]In connection with the distributions described in footnote (1) above, pro rata distributions of certain shares were initiated to certain employees and managing members of SLG or its affiliates, including Egon Durban. This amount reflects 10,613, 6,350 and 39,243 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of such individuals, including shares distributed in the March 19, 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.
- [F12]Represents shares of Class C Common Stock held by Mr. Durban immediately following the receipt of shares in connection with the distributions of shares of Class C Common Stock on March 19, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F13]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 March 19, 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.
- [F14]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.58 to $154.57 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.
- [F15]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.58 to $155.00 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.
- [F2]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 March 17, 2026 and March 18, 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.
- [F3]These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").
- [F4]These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").
- [F5]These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").
- [F6]These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP.
- [F7]These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is SLTA V and the general partner of SLTA V is SLTA V GP.
- [F8]Reflects shares held by Silver Lake Group, L.L.C. ("SLG"). Shares held includes shares of Class C Common Stock received in connection with the pro rata distributions described herein on March 19, 2026. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
- [F9]SLG is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. 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.