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Dell Technologies (NYSE:DELL) filed a Form 4 disclosing that Michael S. Dell鈥擟EO, Chair, Director and >10% owner鈥�sold 10,000,000 Class C shares on 06/26/2025 at $122.27 per share, generating proceeds of roughly $1.22 billion.

Following the transaction, Dell directly owns 25,912,241 shares and indirectly holds 1,380,000 shares via the Susan Lieberman Dell Separate Property Trust. The sale represents nearly 28% of his previously direct-held position and was coded 鈥淪鈥� (open-market sale); no 10b5-1 plan was flagged.

Key points:

• Largest single-day insider sale by Dell since the 2018 return to the public market.
• No corresponding purchase or option exercise reported.
• Form filed by one reporting person, electronically signed on 06/27/2025.

Michael Dell, CEO of Dell Technologies, Plans Major Stock Sale

Dell Technologies CEO Michael Dell has filed Form 144 indicating his intention to sell 10 million shares of Class C stock through Merrill Lynch, with an aggregate market value of $1.22 billion. The planned sale represents approximately 2.9% of total outstanding Class C shares (339.7 million shares).

The securities were originally acquired on September 7, 2016 as consideration during a merger/acquisition transaction. The proposed sale is scheduled for June 26, 2025 on the NYSE. Mr. Dell has confirmed through his signature that he has no knowledge of undisclosed material adverse information regarding Dell Technologies' operations.

Notable details:

• No other securities sales reported by Mr. Dell in the past 3 months
• Transaction represents significant insider sale by company founder
• Sale to be executed through Merrill Lynch's New York office

Silver Lake Technology Investors V, L.P. has filed a Form 144 notice for the proposed sale of 2,224 shares of Dell Technologies Class C Common Stock, with an aggregate market value of $267,903.04. The shares were acquired on June 26, 2025, through conversion of Class B Common Stock originally obtained in 2019.

The filing reveals significant recent selling activity by Silver Lake entities over the past 3 months, with multiple transactions between June 9-24, 2025, totaling over $128 million in gross proceeds. The seller maintains a significant stockholding position in Dell, with total outstanding Class C shares at 339,719,010.

Key points:

• Sale execution planned through Merrill Lynch on NYSE
• Seller has board representation through an executive affiliate
• Transaction represents continued divestment by Silver Lake entities
• Seller affirms no knowledge of undisclosed material adverse information

Silver Lake Technology Investors IV, L.P. has filed a Form 144 notice for the proposed sale of 4,932 shares of Dell Technologies Class C Common Stock, with an aggregate market value of $594,108.72. The shares were acquired on June 26, 2025, through conversion of Class B Common Stock originally obtained in 2016.

The filing reveals significant recent selling activity by Silver Lake entities over the past 3 months, with multiple affiliated entities collectively selling substantial positions in Dell's Class C Common Stock between June 9-24, 2025. Notable transactions include:

• Silver Lake Partners IV, L.P.: 536,579 shares sold
• Silver Lake Partners V DE (AIV), L.P.: 277,541 shares sold
• SL SPV-2, L.P.: 471,092 shares sold

The seller maintains a significant stockholding position in Dell Technologies, with an affiliate executive serving on Dell's board of directors. The sale is planned to be executed through Merrill Lynch on the NYSE, with Dell having approximately 339.7 million shares outstanding.

Form 144 Overview: Silver Lake Partners V DE (AIV), L.P., a significant shareholder of Dell Technologies Inc. (NYSE: DELL), has filed a Form 144 to sell up to 133,653 Class C common shares on or after 26 June 2025. The shares are to be executed through Merrill Lynch and have an indicated aggregate market value of $16.1 million, based on recent market prices. Dell鈥檚 total Class C shares outstanding are disclosed as 339.7 million, making the proposed sale approximately 0.04 % of the float.

Prior Dispositions: The filing also details extensive recent sales by multiple Silver Lake affiliated entities. Between 9 June 2025 and 24 June 2025, these entities collectively disposed of roughly 1.31 million shares for gross proceeds approaching $149 million. Including the newly noticed 133,653-share block, Silver Lake鈥檚 disclosed activity reaches about 1.44 million shares (鈮� 0.42 % of shares outstanding) over a three-week span.

Transaction Background: The shares to be sold were acquired on 26 June 2025 through the conversion of Class B shares originally obtained in 2019. The filer affirms that no material non-public adverse information is known and notes that a Silver Lake affiliate executive currently serves on Dell鈥檚 board.

Investor Takeaways: While the absolute share count is small relative to Dell鈥檚 large capitalization, the clustered selling by a long-time private-equity sponsor may signal an incremental step in Silver Lake鈥檚 ongoing monetisation of its Dell stake. The sales do not involve the company issuing new shares, so there is no direct dilution; however, additional supply on the open market can exert short-term price pressure. Importantly, no operational or financial metrics about Dell itself are included in this filing.