The latest Form 4 filing shows that SL SPV-2, L.P., a director and 10% owner of Dell Technologies (DELL), together with affiliated Silver Lake entities, executed several share transactions on July 6, 2026. They converted 93,371 shares of Class B common stock into an equal number of Class C common shares (coded M, increasing non-derivative holdings), and subsequently disposed of an aggregate 67,044 Class C shares through multiple sale transactions (coded S) at weighted average prices generally between approximately $405 and $419 per share. After these trades, the reporting entities still hold significant positions in both Class B and Class C stock. Such partial monetization by a large shareholder can be read as a near-term supply overhang, potentially pressuring the stock, though their remaining sizable stake indicates continued long-term exposure.