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

Silver Lake and related entities report the sale and distribution of Dell Technologies Inc. Class C Common Stock, with transactions occurring on July 10 and July 12, 2024.

Summary

• Silver Lake entities, including 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., filed a Form 4 detailing changes in beneficial ownership of Dell Technologies Inc. Class C Common Stock.
• On July 10, 2024, 14,087 shares of Class C Common Stock were sold at a weighted average price of $146.04, with prices ranging from $146.00 to $146.18.
• An additional 2,800 shares were sold on July 10, 2024, at a weighted average price of $147.02, with prices ranging from $147.00 to $147.22.
• On July 12, 2024, in-kind distributions of Class C Common Stock were initiated by SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P.
• These distributions resulted in changes in the indirect beneficial ownership of Class C Common Stock held through various Silver Lake entities.
• 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 that certain shares of Class B Common Stock were converted into Class C Common Stock in connection with the distributions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting transactions by significant shareholders. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 shares, providing transparency to the market.

Stakeholder Impact

• The transactions reported may influence investor perception of Dell Technologies Inc.
• Significant sales by major shareholders like Silver Lake could be interpreted in various ways by the market.

Key Dates