Form 4: Silver Lake Affiliates and Egon Durban Report Class C Common Stock Transactions in Dell Technologies Inc.

Silver Lake affiliates and Egon Durban report the conversion of Class B Common Stock to Class C Common Stock and subsequent sale of Class C Common Stock of Dell Technologies Inc. on March 18, 2024.

Summary

• On March 18, 2024, several Silver Lake affiliates and Egon Durban reported transactions involving Dell Technologies Inc. Class C Common Stock.
• The transactions included the conversion of Class B Common Stock into Class C Common Stock.
• Following the conversion, the reporting persons sold shares of Class C Common Stock at a weighted average price of $106.95, with prices ranging from $106.90 to $107.0865.
• The reporting persons include 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., Silver Lake Technology Investors V, L.P., and Egon Durban.
• The shares are held directly and indirectly through various entities, including 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., Silver Lake Technology Investors V, L.P., SLTA SPV-2, L.P., Silver Lake Technology Associates V, L.P., Silver Lake Technology Associates IV, L.P., and Silver Lake Group, L.L.C.
• Egon Durban directly holds 435,849 shares of Class C Common Stock and indirectly holds 12,376 shares through a trust.
• The reporting persons disclaim beneficial ownership of the securities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of stock transactions. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell the company's stock; this filing indicates activity by Silver Lake, a major investor in Dell.

Stakeholder Impact

• The sale of shares by major shareholders like Silver Lake could potentially influence investor sentiment, although the impact is likely to be minimal given the routine nature of such transactions.

Key Dates