Form 4: Silver Lake Sells Dell Technologies Shares After Converting Class B Stock

Silver Lake entities converted Class B common stock to Class C common stock and sold a portion of their holdings in Dell Technologies on July 3, 2024.

Summary

• On July 3, 2024, Silver Lake and affiliated entities engaged in transactions involving Dell Technologies Inc. Class C Common Stock.
• The transactions included the conversion of Class B Common Stock into Class C Common Stock.
• Following the conversion, the entities sold shares of Class C Common Stock at prices ranging from $143.50 to $146.48.
• The sales were executed in multiple transactions at weighted average prices of $143.84, $145.02, and $145.78.
• 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, is associated with Silver Lake Group, L.L.C. and may be deemed to have an indirect pecuniary interest in some of the shares.
• The filing indicates both direct and indirect ownership of Dell Technologies Class C Common Stock by the reporting persons.
• The reporting persons 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 inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures for significant transactions by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The sale of shares by Silver Lake may have a minor impact on the stock price of Dell Technologies.
• The transactions provide transparency to shareholders regarding the activities of major stakeholders.

Key Dates