Slta IV (Gp), L.L.C. - Mar 19, 2024 Form 4 Insider Report for Dell Technologies Inc. (DELL)

Signature
By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C.
Stock symbol
DELL
Transactions as of
Mar 19, 2024
Transactions value $
-$60,459,842
Form type
4
Date filed
3/20/2024, 07:47 PM
Previous filing
Mar 20, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DELL Class C Common Stock Options Exercise +292K +12987.1% 294K Mar 19, 2024 Held through SL SPV-2, L.P. F1, F2, F3, F13
transaction DELL Class C Common Stock Options Exercise +300K +13231.79% 302K Mar 19, 2024 Held through Silver Lake Partners IV, L.P. F1, F2, F4, F13
transaction DELL Class C Common Stock Options Exercise +162K +11704.69% 164K Mar 19, 2024 Held through Silver Lake Partners V DE (AIV), L.P. F1, F2, F5, F13
transaction DELL Class C Common Stock Options Exercise +4.41K 4.41K Mar 19, 2024 Held through Silver Lake Technology Investors IV, L.P. F2, F6, F13
transaction DELL Class C Common Stock Options Exercise +1.99K 1.99K Mar 19, 2024 Held through Silver Lake Technology Investors V, L.P. F2, F7, F13
transaction DELL Class C Common Stock Sale -$10.6M -98.5K -33.48% $107.50 196K Mar 19, 2024 Held through SL SPV-2, L.P. F3, F13, F16
transaction DELL Class C Common Stock Sale -$12.2M -114K -37.66% $107.50 188K Mar 19, 2024 Held through Silver Lake Partners IV, L.P. F4, F13, F16
transaction DELL Class C Common Stock Sale -$6.34M -59K -36.07% $107.50 105K Mar 19, 2024 Held through Silver Lake Partners V DE (AIV), L.P. F5, F13, F16
transaction DELL Class C Common Stock Sale -$232K -2.16K -48.99% $107.50 2.25K Mar 19, 2024 Held through Silver Lake Technology Investors IV, L.P. F6, F13, F16
transaction DELL Class C Common Stock Sale -$105K -974 -48.97% $107.50 1.02K Mar 19, 2024 Held through Silver Lake Technology Investors V, L.P. F7, F13, F16
transaction DELL Class C Common Stock Sale -$11.1M -103K -52.41% $108.39 93.1K Mar 19, 2024 Held through SL SPV-2, L.P. F3, F13, F17
transaction DELL Class C Common Stock Sale -$12.8M -118K -62.89% $108.39 69.9K Mar 19, 2024 Held through Silver Lake Partners IV, L.P. F4, F13, F17
transaction DELL Class C Common Stock Sale -$6.66M -61.5K -58.76% $108.39 43.1K Mar 19, 2024 Held through Silver Lake Partners V DE (AIV), L.P. F5, F13, F17
transaction DELL Class C Common Stock Sale -$244K -2.25K -100% $108.39 0 Mar 19, 2024 Held through Silver Lake Technology Investors IV, L.P. F6, F13, F17
transaction DELL Class C Common Stock Sale -$110K -1.02K -100% $108.39 0 Mar 19, 2024 Held through Silver Lake Technology Investors V, L.P. F7, F13, F17
holding DELL Class C Common Stock 54.9K Mar 19, 2024 Held through SLTA SPV-2, L.P. F8, F13
holding DELL Class C Common Stock 32.4K Mar 19, 2024 Held through Silver Lake Technology Associates V, L.P. F9, F13
holding DELL Class C Common Stock 1.46K Mar 19, 2024 Held through Silver Lake Technology Associates IV, L.P. F10, F13
holding DELL Class C Common Stock 238K Mar 19, 2024 Held through Silver Lake Group, L.L.C. F11, F13
holding DELL Class C Common Stock 1.58K Mar 19, 2024 See footnote F12
holding DELL Class C Common Stock 436K Mar 19, 2024 Direct F14
holding DELL Class C Common Stock 12.4K Mar 19, 2024 See footnote F15

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DELL Class B Common Stock Options Exercise $0 -292K -0.95% $0.00 30.5M Mar 19, 2024 Class C Common Stock 292K Held through SL SPV-2, L.P. F1, F2, F3, F13
transaction DELL Class B Common Stock Options Exercise $0 -300K -0.95% $0.00 31.4M Mar 19, 2024 Class C Common Stock 300K Held through Silver Lake Partners IV, L.P. F1, F2, F4, F13
transaction DELL Class B Common Stock Options Exercise $0 -162K -0.95% $0.00 17M Mar 19, 2024 Class C Common Stock 162K Held through Silver Lake Partners V DE (AIV), L.P. F1, F2, F5, F13
transaction DELL Class B Common Stock Options Exercise $0 -4.41K -0.95% $0.00 461K Mar 19, 2024 Class C Common Stock 4.41K Held through Silver Lake Technology Investors IV, L.P. F2, F6, F13
transaction DELL Class B Common Stock Options Exercise $0 -1.99K -0.95% $0.00 208K Mar 19, 2024 Class C Common Stock 1.99K Held through Silver Lake Technology Investors V, L.P. F2, F7, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV") and Silver Lake Partners V DE (AIV), L.P. ("SLP V") and certain of their respective affiliates sold certain shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on March 19, 2024.
F2 Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On March 19, 2024, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the sales described in footnote (1) above.
F3 These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").
F4 These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").
F5 These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").
F6 These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP.
F7 These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is SLTA V and the general partner of SLTA V is SLTA V GP.
F8 Reflects shares held by SLTA SPV.
F9 Reflects shares held by SLTA V.
F10 Reflects shares held by SLTA IV.
F11 Reflects shares held by Silver Lake Group, L.L.C. ("SLG").
F12 These shares of Common Stock are held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest.
F13 SLG is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. Egon Durban, who serves as a director of the Issuer, also serves as a Co-CEO and Managing Member of SLG. Each of the reporting persons may be deemed a director by deputization of the Issuer.
F14 Represents shares of Class C Common Stock held by Mr. Egon Durban.
F15 Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.00 to $107.99, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.00 to $108.88, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.