Form 4: Silver Lake Entities and Egon Durban Reduce Stake in Dell Technologies Through Class C Common Stock Sales

Silver Lake-affiliated entities and Egon Durban executed sales and conversions of Dell Technologies Inc. Class B and Class C Common Stock on April 4, 2024.

Summary

• On April 4, 2024, several entities affiliated with Silver Lake, along with Egon Durban, reported transactions involving Dell Technologies Inc. Class B and Class C Common Stock.
• These transactions included conversions of Class B Common Stock into Class C Common Stock and sales of Class C Common Stock.
• The sales were executed at weighted average prices ranging from $131.34 to $133.72 per share.
• The reporting persons have disclaimed beneficial ownership of these securities, except to the extent of their pecuniary interest.
• Due to system limitations, additional transactions are reported on separate Form 4 filings.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales and conversions, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The stock sales by Silver Lake and Egon Durban may have a short-term impact on Dell's stock price.
• The transactions provide transparency to shareholders regarding the ownership changes.

Key Dates