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

Silver Lake V (GP), L.L.C. and related entities sold shares of Dell Technologies Class C Common Stock and distributed shares in-kind on June 3 and June 4, 2024.

Summary

• On June 3, 2024, Silver Lake V (GP), L.L.C., along with Silver Lake Partners IV, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors IV, L.P., and Silver Lake Technology Investors V, L.P., sold shares of Dell Technologies Inc. Class C Common Stock.
• The sales occurred at weighted average prices ranging from $132.04 to $134.22 per share.
• On June 4, 2024, in-kind distributions of Class C Common Stock were made by Silver Lake Group, L.L.C. to certain of its partners.
• These distributions and the receipt of shares were exempt from reporting under Rule 16a-13 of the Exchange Act.
• The reporting persons also converted Class B Common Stock into Class C Common Stock in connection with the distributions and sales.

Sentiment

Score: 5

Explanation: This is a routine SEC filing related to stock sales and distributions; it doesn't inherently indicate positive or negative sentiment, but rather reflects standard investment activity.

Industry Context

Private equity firms like Silver Lake often monetize their investments in public companies through secondary offerings and distributions, which is a common practice in the financial industry.

Stakeholder Impact

• The sale of shares may have a short-term impact on the stock price, but the long-term impact is uncertain.
• The in-kind distribution impacts the ownership structure of Dell Technologies.

Key Dates