The filing shows that SL SPV-2, L.P., a director and 10% owner of Dell Technologies Inc. (DELL), converted 143,659 shares of Class B Common Stock into an equal number of Class C Common Stock on June 8, 2026 (transaction code M, treated as an acquisition of Class C). On the same date, it executed multiple open-market sales (code S) totaling approximately 131,040 shares of Class C Common Stock at weighted average prices ranging roughly from $386 to $406 per share. In connection with distributions, there was also a 12,619-share disposition recorded with transaction code J, resulting in this vehicle’s directly held Class C position being reduced to zero. Such sizable sales by a major shareholder around elevated price levels typically indicate profit-taking and can be interpreted as a short-term bearish or supply-related signal, though the broader impact depends on overall ownership structure and market context.