Form 4: Silver Lake Sells Dell Technologies Shares in Multiple Transactions

Silver Lake and related entities sold shares of Dell Technologies Class C Common Stock in a series of transactions on June 20, 2024, at prices ranging from $152.97 to $156.98.

Summary

• Silver Lake and its affiliates, 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.'s Class C Common Stock on June 20, 2024.
• The sales occurred at various prices, ranging from $152.97 to $156.98 per share.
• These transactions involved multiple entities and were executed at weighted average prices.
• In addition to sales, in-kind distributions of Class C Common Stock were initiated on June 21, 2024, and are reported on a separate Form 4.
• Certain reporting persons converted Class B Common Stock into Class C Common Stock in connection with these sales and distributions.
• The reporting persons have indirect beneficial ownership through various entities, including SL SPV-2, L.P., 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.
• Egon Durban, a director of Dell Technologies Inc., also has indirect pecuniary interest in these shares through various entities and a trust for family members.
• Following the reported transactions, the reporting persons still hold a significant number of Class C Common Stock shares, both directly and indirectly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales and distributions. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The sale of shares by a major shareholder like Silver Lake could potentially influence the market's perception of Dell Technologies.
• The in-kind distributions may affect the holdings of various Silver Lake entities and their beneficiaries.

Key Dates