The filing shows that Dell Technologies Inc.’s significant shareholder Silver Lake Partners V DE (AIV), L.P. executed multiple transactions involving Class B and Class C Common Stock on September 11, 2026. The reporting person converted 59,479 shares of Class B Common Stock into Class C Common Stock (code M, recorded as acquired), then conducted a series of sales totaling roughly 594.8k shares of Class C Common Stock (multiple S-code transactions), and an in‑kind distribution/adjustment of 24,488 shares (code J, recorded as disposed). Sale prices ranged approximately from $547 to $568 per share. Following these transactions, Silver Lake and affiliates still hold substantial positions in both Class B and Class C shares. Such sizable sales and internal distributions by a 10% owner suggest portfolio rebalancing and partial profit‑taking, which can be a mildly bearish signal for sentiment, though the large remaining stake limits implications for Dell’s long‑term outlook.