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

Silver Lake and related entities report transactions involving Dell Technologies Inc.'s Class C Common Stock, including sales, in-kind distributions, and conversions from Class B Common Stock.

Summary

• Silver Lake V (GP), L.L.C., along with affiliated entities, filed a Form 4 detailing changes in beneficial ownership of Dell Technologies Inc.'s Class C Common Stock.
• The transactions include sales of Class C Common Stock on June 18, 2024, and in-kind distributions of shares on June 20, 2024.
• Shares of Class B Common Stock were converted into Class C Common Stock in connection with these distributions and sales.
• The reporting persons include SLTA V (GP), L.L.C., Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., and Silver Lake Technology Investors V, L.P.
• Egon Durban, a director of Dell Technologies Inc. and Co-CEO and Managing Member of Silver Lake Group, L.L.C., is also mentioned in connection with indirect beneficial ownership.
• The filing indicates indirect ownership through various Silver Lake entities, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.

Industry Context

Private equity firms like Silver Lake often adjust their holdings in portfolio companies like Dell Technologies, and these transactions are a normal part of their investment cycle.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• Employees are unlikely to be directly affected by these transactions.

Key Dates