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

Silver Lake entities and Egon Durban report transactions involving Dell Technologies Inc. Class C Common Stock, including acquisitions, disposals, and conversions from Class B Common Stock.

Summary

• Silver Lake entities, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., along with Egon Durban, reported transactions in Dell Technologies Inc. Class C Common Stock.
• The transactions included the sale of Class C Common Stock on June 3, 2024, at prices ranging from $131.69 to $134.69.
• In-kind distributions of Class C Common Stock occurred on June 4, 2024.
• Shares of Class B Common Stock were converted into Class C Common Stock in connection with the distributions and sales.
• The reporting persons are jointly filing this Form 4 and disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
• Egon Durban has granted Andrew Schader a power of attorney to execute and deliver documents related to securities filings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

This filing reflects the ongoing management of investments by Silver Lake, a major technology-focused private equity firm, in Dell Technologies. Such transactions are common for large shareholders and investment firms.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, as mandated by the SEC.
• The reported transactions are typical for investment firms like Silver Lake, which frequently adjust their holdings in portfolio companies.
• Comparable transactions can be seen in filings by other major shareholders in publicly traded technology companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership percentages.
• The filing ensures transparency for stakeholders regarding insider transactions.

Key Dates