Form 4: Silver Lake Sells Dell Technologies Shares, 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 20 and June 21, 2024.

Summary

• Silver Lake V (GP), L.L.C., along with several affiliated entities, reported the sale of Dell Technologies Inc. Class C Common Stock on June 20, 2024.
• The sales occurred at weighted average prices ranging from $157.56 to $160.36 per share.
• On June 21, 2024, in-kind distributions of Class C Common Stock were initiated.
• The reporting persons are 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.
• The transactions involved multiple entities within the Silver Lake group, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P.
• Egon Durban, a director of Dell Technologies and Co-CEO and Managing Member of Silver Lake Group, L.L.C., is also associated with these transactions.
• The receipt of shares of Class C Common Stock by each of the Reporting Persons was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions without expressing positive or negative views.

Industry Context

Private equity firms like Silver Lake often monetize their investments in public companies through secondary offerings and distributions. This activity is typical in the life cycle of a private equity investment.

Stakeholder Impact

• The sale and distribution of shares may have a short-term impact on Dell's stock price.
• The transactions could influence investor perception of Silver Lake's long-term commitment to Dell.

Key Dates