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

Silver Lake and related entities report the conversion of Class B Common Stock to Class C Common Stock, subsequent distributions, and sales of Dell Technologies Inc. shares.

Summary

• Silver Lake 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. filed a Form 4 regarding transactions in Dell Technologies Inc. Class C Common Stock.
• The transactions included conversions of Class B Common Stock into Class C Common Stock, in-kind distributions of Class C Common Stock to partners and members, and sales of Class C Common Stock.
• These transactions occurred on March 3, 2024, March 4, 2024, and March 5, 2024.
• The sales of Class C Common Stock on March 4, 2024, were executed at a weighted average price of $122.1 and $124.46, with prices ranging from $124.00 to $125.00.
• The reporting persons are jointly filing the Form 4 and disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment, focusing instead on factual reporting.

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 transactions may influence the market price of Dell Technologies Inc. Class C Common Stock.
• Shareholders may react to the sales and distributions of shares by major holders.

Key Dates