Twenty-five different people and entities have filed Form 4 paperwork on Dell Technologies Inc. (DELL) over the trailing 365 days. The largest single name on that list by dollars transacted is Silver Lake Partners IV, L.P., listed in the filings as a Director. The firm recorded 298 sales worth $594,433,444 and no purchases, with the most recent dated transaction on the file landing on September 23rd, 2026.
The roster is not a collection of unrelated officers. It is layered with Silver Lake partnerships, general partners and special purpose vehicles, each filing in its own name, plus the Silver Lake co-chief executive who sits on the board. Across the ten largest names on file, the combined open-market total comes to $3.11 billion, all of it on the sell side.
Working down the roster in order: SL SPV-2, L.P., a Director, reported 241 sales totalling $413,226,914 and no buys. Silver Lake Partners V DE (AIV), L.P., also a Director, reported 281 sales totalling $358,082,467. Silver Lake Technology Associates IV, L.P., a Director, reported 114 sales totalling $323,768,274.
Silver Lake Group, L.L.C., a Director, reported 200 sales worth $287,238,235. Durban Egon, a Director, reported 333 sales worth $277,045,018, the highest sale count anywhere on the file. Silver Lake Technology Associates V, L.P., a Director, reported 146 sales worth $170,818,304.
The remaining three names in the top ten follow the same pattern. SLTA SPV-2 (GP), L.L.C., a Director, reported 88 sales worth $155,101,448. SLTA IV (GP), L.L.C., a Director, reported 84 sales worth $91,537,073. SLTA SPV-2, L.P., a Director, reported 44 sales worth $90,942,702. None of the ten recorded a single purchase in the window.
For scale against the company itself, Dell Technologies last traded at $574 and carries a market capitalisation of $364,956,516,352. The company is classified under Electronic Computers. Only Form 4 codes P and S are counted in these totals, so awards, tax withholding and option exercises are excluded, which means the figures above reflect open-market decisions rather than routine compensation mechanics.
A roster like this has limits worth stating plainly. The fact that one name appears repeatedly does not make each filing a separate judgement about the business, because affiliated partnerships and their general partners frequently report the same underlying disposition through multiple legal entities. A director who files once is not sending a conviction signal, and a large holder reducing a position may be diversifying, meeting fund distribution obligations or unwinding a long-held stake on a schedule set years earlier. Equally, the absence of purchases does not by itself establish a view on valuation, since insiders at a company of this size are often restricted from buying for long stretches.
What the file does show is concentration. The top of Dell's insider roster is a single investment complex acting through many registered names, and over the past year that complex has been a seller rather than a buyer. Readers who want to separate signal from structure should look at how many distinct economic actors are behind the 25 filers, not just the headcount.
Sources: SEC Form 4 filings via EDGAR, reviewed by InsiderBuying.com.
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