This Form 4 reports multiple transactions in Dell Technologies Inc. (DELL) stock by Silver Lake Partners IV, L.P., a director and more than 10% beneficial owner, and its affiliates on June 3, 2026. Silver Lake Partners IV, L.P. converted 91,886 shares of Class B Common Stock into an equal number of Class C Common Stock (transaction code M) and subsequently disposed of 84,859 Class C shares through a series of open-market sales (multiple S transactions) plus an additional 7,521 shares via other dispositions/adjustments (code J), totaling 91,886 shares disposed. Additional movements (code G) reflect in‑kind distributions and donations among Silver Lake entities and to a charitable foundation, largely exempt from reporting under Rule 16a‑13. Overall, this reflects a staged exit by a private equity shareholder rather than a change in Dell’s operating fundamentals. Such sizable sales by a major holder can create near‑term selling pressure, but should be interpreted primarily as portfolio rebalancing and fund‑life driven liquidity.