SLTA V (GP), L.L.C. 4
4 · Dell Technologies Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Dell (DELL) 10% Owner SLTA V (GP) Sells ~150K Shares
What Happened
- SLTA V (GP), L.L.C. — a Silver Lake affiliate reported as a 10% owner of Dell Technologies (DELL) — sold 150,022 shares of Dell common stock in open-market/private transactions on March 20, 2026. The sales were executed at weighted prices roughly between $166.00 and $169.90 per share, generating aggregate cash proceeds of approximately $25.05 million.
- Separately, on March 23, 2026 the filing reports the acquisition (exercise/conversion) of 630,583 shares via derivative conversion/exercise entries (242,147; 248,576; 134,554; 3,657; 1,649). Corresponding derivative disposition lines are reported at $0, consistent with conversion/transfer mechanics tied to those exercises (see footnotes).
Key Details
- Transaction dates and prices:
- Sales: March 20, 2026 — 150,022 shares sold at weighted average prices in ranges $166.00–$166.9998, $167.00–$167.98, $168.05–$169.01 and $169.15–$169.90 (aggregate proceeds ≈ $25,047,218).
- Conversions/exercises: March 23, 2026 — 630,583 shares acquired via exercise/conversion (reported as “M” transactions); related disposition lines shown at $0.
- Shares owned after the transactions: not specified in the provided excerpt of the filing. Footnotes (F11–F13) note certain indirect holdings by Silver Lake entities and trusts (including allocations on behalf of employees and family members).
- Notable footnotes:
- F1/F2: Multiple Silver Lake entities converted Class B shares to Class C in connection with these sales.
- F9/F10/F11: SLG (Silver Lake Group) and Egon Durban (a Dell director and Co‑CEO/Managing Member of SLG) are linked to the reporting entities; some shares are held indirectly or on behalf of employees/family.
- Filing timeliness: Form 4 filed March 24, 2026 covering trades on March 20 and March 23. Form 4s are normally due within two business days of a transaction; the March 24 filing covers both dates but may be outside the two‑day window for the March 20 trades — consult the SEC record for official timeliness status.
Context
- These are institutional/affiliate transactions by a reported 10% owner (Silver Lake entities), not a straightforward insider buy/sell by an individual executive. That distinction matters because large institutional reallocations are often strategic or fund-related rather than personal timing bets.
- The March 23 “M” entries reflect conversions/exercises (e.g., converting Class B to Class C shares). The corresponding $0 disposition lines typically reflect conversion mechanics rather than cashless sale proceeds; see footnotes for conversion/sale linkage.
- No tax‑withholding, 10b5‑1 plan, or late‑filing disclaimers were specified in the excerpt. For full detail, consult the complete Form 4 (Accession 0001193125-26-122427) on the SEC EDGAR site.
Insider Transaction Report
Form 4
SLTA V (GP), L.L.C.
Director10% Owner
Transactions
- Sale
Class C Common Stock
[F1][F2][F14][F3][F9]2026-03-20$166.44/sh−37,837$6,297,590→ 91,384 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F4][F9]2026-03-20$166.44/sh−43,875$7,302,555→ 74,451 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F5][F9]2026-03-20$166.44/sh−22,455$3,737,410→ 45,281 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F6][F9]2026-03-20$166.44/sh−838$139,477→ 355 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F14][F7][F9]2026-03-20$166.44/sh−378$62,914→ 160 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F3][F9]2026-03-20$167.24/sh−7,520$1,257,645→ 83,865 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F4][F9]2026-03-20$167.24/sh−8,719$1,458,166→ 65,732 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F5][F9]2026-03-20$167.24/sh−4,462$746,225→ 40,819 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F6][F9]2026-03-20$167.24/sh−167$27,929→ 188 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F15][F7][F9]2026-03-20$167.24/sh−75$12,543→ 85 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F3][F9]2026-03-20$168.57/sh−5,009$844,367→ 78,856 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F4][F9]2026-03-20$168.57/sh−5,809$979,223→ 59,923 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F5][F9]2026-03-20$168.57/sh−2,973$501,159→ 37,846 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F6][F9]2026-03-20$168.57/sh−111$18,711→ 77 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F16][F7][F9]2026-03-20$168.57/sh−50$8,429→ 35 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F3][F9]2026-03-20$169.63/sh−3,499$593,535→ 75,357 total(indirect: Held through SL SPV-2, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F4][F9]2026-03-20$169.63/sh−4,057$688,189→ 55,866 total(indirect: Held through Silver Lake Partners IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F5][F9]2026-03-20$169.63/sh−2,076$352,152→ 35,770 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F6][F9]2026-03-20$169.63/sh−77$13,062→ 0 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Sale
Class C Common Stock
[F1][F2][F17][F7][F9]2026-03-20$169.63/sh−35$5,937→ 0 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F3][F9]2026-03-23+242,147→ 317,504 total(indirect: Held through SL SPV-2, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F4][F9]2026-03-23+248,576→ 304,442 total(indirect: Held through Silver Lake Partners IV, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F5][F9]2026-03-23+134,554→ 170,324 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F6][F9]2026-03-23+3,657→ 3,657 total(indirect: Held through Silver Lake Technology Investors IV, L.P.) - Exercise/Conversion
Class C Common Stock
[F1][F2][F7][F9]2026-03-23+1,649→ 1,649 total(indirect: Held through Silver Lake Technology Investors V, L.P.) - Exercise/Conversion
Class B Common Stock
[F2][F1][F3][F9]2026-03-23−242,147→ 18,791,747 total(indirect: Held through SL SPV-2, L.P.)→ Class C Common Stock (242,147 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F4][F9]2026-03-23−248,576→ 19,290,670 total(indirect: Held through Silver Lake Partners IV, L.P.)→ Class C Common Stock (248,576 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F5][F9]2026-03-23−134,554→ 10,442,016 total(indirect: Held through Silver Lake Partners V DE (AIV), L.P.)→ Class C Common Stock (134,554 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F6][F9]2026-03-23−3,657→ 283,830 total(indirect: Held through Silver Lake Technology Investors IV, L.P.)→ Class C Common Stock (3,657 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F1][F7][F9]2026-03-23−1,649→ 127,991 total(indirect: Held through Silver Lake Technology Investors V, L.P.)→ Class C Common Stock (1,649 underlying)
Holdings
- 692(indirect: See footnote)
Class C Common Stock
[F10] - 794(indirect: Held through Silver Lake Group)
Class C Common Stock
[F8][F9] - 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 (17)
- [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 20, 2026 and March 23, 2026.
- [F10]These shares of Class C Common Stock are held by entities in which Mr. Durban may be deemed to have an indirect pecuniary interest.
- [F11]This amount reflects 10,613, 6,350 and 39,243 shares held by SLTA SPV, SLTA V and SLG, respectively, on behalf of certain employees and managing members of SLG or its affiliates, including Mr. Durban.
- [F12]Represents shares of Class C Common Stock held by Mr. Durban.
- [F13]Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
- [F14]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.00 to $166.9998 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 $167.00 to $167.98 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.
- [F16]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.05 to $169.01 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.
- [F17]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.15 to $169.90 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 20, 2026 and March 23, 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 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").
- [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.