Form 4: Silver Lake Group Sells Dell Technologies Shares and Distributes Stock In-Kind

Silver Lake Group entities sold shares of Dell Technologies Class C Common Stock and distributed shares in-kind to their partners and members on March 4th and 5th, 2024.

Summary

• Silver Lake Group and related entities, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., sold shares of Dell Technologies Inc. Class C Common Stock on March 4, 2024.
• The sales occurred at weighted average prices ranging from $125.34 to $128.27 per share.
• On March 5, 2024, these entities initiated in-kind distributions of Dell Technologies Inc. Class C Common Stock to their respective partners and members.
• The receipt of shares of Class C Common Stock by the Reporting Persons was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.
• Egon Durban, a director of Dell Technologies Inc., also serves as a Co-CEO and Managing Member of Silver Lake Group, L.L.C.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports transactions without expressing positive or negative views.

Industry Context

Private equity firms like Silver Lake often adjust their holdings in portfolio companies like Dell Technologies as part of their investment strategy, which can involve both sales and distributions to their limited partners.

Stakeholder Impact

• The sale and distribution of shares could potentially impact shareholders by increasing the float of available shares.
• The transactions may affect the ownership structure of Dell Technologies.

Key Dates