Director Slta V (Gp), L.L.C. converted options into 2,723,493 units of Class C Common Stock, sold $291,340,000 worth of Class C Common Stock (2,000,000 units at $145.67) and disposed of 411,052 units of Class C Common Stock (SEC Form 4)

7/10/24 8:09:45 PM ET

$DELL

Computer Manufacturing

Technology

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SLTA V (GP), L.L.C.

(Last)

(First)

(Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Dell Technologies Inc. [ DELL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class C Common Stock	07/08/2024		M⁽¹⁾⁽²⁾		523,024	A	⁽¹⁾⁽²⁾	551,665	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class C Common Stock	07/08/2024		M⁽¹⁾⁽²⁾		536,910	A	⁽¹⁾⁽²⁾	543,184	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class C Common Stock	07/08/2024		M⁽¹⁾⁽²⁾		290,629	A	⁽¹⁾⁽²⁾	304,740	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class C Common Stock	07/08/2024		M⁽¹⁾⁽²⁾		7,900	A	⁽¹⁾⁽²⁾	7,900	I	Held through Silver Lake Technology Investors IV, L.P.(⁽⁶⁾⁽¹³⁾
Class C Common Stock	07/08/2024		M⁽¹⁾⁽²⁾		3,563	A	⁽¹⁾⁽²⁾	3,563	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾
Class C Common Stock	07/08/2024		S		361,637	D	$144.68	190,028	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class C Common Stock	07/08/2024		S		414,286	D	$144.68	128,898	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class C Common Stock	07/08/2024		S		212,614	D	$144.68	92,126	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class C Common Stock	07/08/2024		S		7,900	D	$144.68	0	I	Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾
Class C Common Stock	07/08/2024		S		3,563	D	$144.68	0	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾
Class C Common Stock	07/09/2024		J⁽¹⁾⁽²⁾		190,028	D	⁽¹⁾	0	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class C Common Stock	07/09/2024		J⁽¹⁾⁽²⁾		128,898	D	⁽¹⁾	0	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class C Common Stock	07/09/2024		J⁽¹⁾⁽²⁾		92,126	D	⁽¹⁾	0	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class C Common Stock	07/09/2024		M⁽¹⁾⁽²⁾		522,809	A	⁽¹⁾⁽²⁾	522,809	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class C Common Stock	07/09/2024		M⁽¹⁾⁽²⁾		536,690	A	⁽¹⁾⁽²⁾	536,690	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class C Common Stock	07/09/2024		M⁽¹⁾⁽²⁾		290,510	A	⁽¹⁾⁽²⁾	290,510	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class C Common Stock	07/09/2024		M⁽¹⁾⁽²⁾		7,897	A	⁽¹⁾⁽²⁾	7,897	I	Held through Silver Lake Technology Investors IV, L.P.(⁽⁶⁾⁽¹³⁾
Class C Common Stock	07/09/2024		M⁽¹⁾⁽²⁾		3,561	A	⁽¹⁾⁽²⁾	3,561	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾
Class C Common Stock	07/09/2024		S		361,393	D	$146.66	161,416	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class C Common Stock	07/09/2024		S		414,736	D	$146.66	121,954	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class C Common Stock	07/09/2024		S		212,413	D	$146.66	78,097	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class C Common Stock	07/09/2024		S		7,897	D	$146.66	0	I	Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾
Class C Common Stock	07/09/2024		S		3,561	D	$146.66	0	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾
Class C Common Stock								128,808	I	Held through SLTA SPV-2, L.P.⁽⁸⁾⁽¹³⁾
Class C Common Stock								76,204	I	Held through Silver Lake Technology Associates V, L.P.⁽⁹⁾⁽¹³⁾
Class C Common Stock								4,661	I	Held through Silver Lake Technology Associates IV, L.P.⁽¹⁰⁾⁽¹³⁾
Class C Common Stock								201,170	I	Held through Silver Lake Group, L.L.C.⁽¹¹⁾⁽¹³⁾
Class C Common Stock								1,329	I	See footnote⁽¹²⁾
Class C Common Stock								770,369	D⁽¹⁴⁾
Class C Common Stock								27,971	I	See footnote⁽¹⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽²⁾	07/08/2024		M⁽¹⁾⁽²⁾			523,024	⁽²⁾	⁽²⁾	Class C Common Stock	523,024	$0.00	26,005,211	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/08/2024		M⁽¹⁾⁽²⁾			536,910	⁽²⁾	⁽²⁾	Class C Common Stock	536,910	$0.00	26,695,655	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/08/2024		M⁽¹⁾⁽²⁾			290,629	⁽²⁾	⁽²⁾	Class C Common Stock	290,629	$0.00	14,450,323	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/08/2024		M⁽²⁾			7,900	⁽²⁾	⁽²⁾	Class C Common Stock	7,900	$0.00	392,782	I	Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/08/2024		M⁽²⁾			3,563	⁽²⁾	⁽²⁾	Class C Common Stock	3,563	$0.00	177,122	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/09/2024		M⁽¹⁾⁽²⁾			522,809	⁽²⁾	⁽²⁾	Class C Common Stock	522,809	$0.00	25,482,402	I	Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/09/2024		M⁽¹⁾⁽²⁾			536,690	⁽²⁾	⁽²⁾	Class C Common Stock	536,690	$0.00	26,158,965	I	Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/09/2024		M⁽¹⁾⁽²⁾			290,510	⁽²⁾	⁽²⁾	Class C Common Stock	290,510	$0.00	14,159,813	I	Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/09/2024		M⁽²⁾			7,897	⁽²⁾	⁽²⁾	Class C Common Stock	7,897	$0.00	384,885	I	Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾
Class B Common Stock	⁽²⁾	07/09/2024		M⁽²⁾			3,561	⁽²⁾	⁽²⁾	Class C Common Stock	3,561	$0.00	173,561	I	Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

1. Name and Address of Reporting Person^*

SLTA V (GP), L.L.C.

(Last)

(First)

(Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Silver Lake Technology Associates V, L.P.

(Last)

(First)

(Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Silver Lake Partners V DE (AIV), L.P.

(Last)

(First)

(Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Silver Lake Technology Investors V, L.P.

(Last)

(First)

(Middle)

C/O SILVER LAKE

2775 SAND HILL ROAD, SUITE 100

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. SL SPV-2, L.P. ("SPV-2"), Silver Lake Partners IV, L.P. ("SLP IV") and Silver Lake Partners V DE (AIV), L.P. ("SLP V") and certain of their respective affiliates sold certain shares of Class C Common Stock, par value $0.01 per share ("Class C Common Stock") of Dell Technologies Inc. (the "Issuer") on July 8, 2024 and July 9, 2024 and initiated in-kind distributions of shares of Class C Common Stock on July 9, 2024. The receipt of shares of Class C Common Stock by each of the Reporting Persons was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

2. Each share of Class B Common Stock, par value $0.01 per share of the Issuer (the "Class B Common Stock") is convertible into one share of Class C Common Stock at any time, at the election of the holder or automatically upon certain transfers, and has no expiration date. On July 8, 2024 and July 9, 2024 and, certain of the Reporting Persons converted shares of Class B Common Stock into an equal number of shares of Class C Common Stock in connection with the distributions and sales described in footnote (1) above.

3. These securities are directly held by SPV-2. The general partner of SPV-2 is SLTA SPV-2, L.P. ("SLTA SPV") and the general partner of SLTA SPV is SLTA SPV-2 (GP), L.L.C. ("SLTA SPV GP").

4. These securities are directly held by SLP IV. The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV") and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").

5. These securities are directly held by SLP V. The general partner of SLP V is Silver Lake Technology Associates V, L.P. ("SLTA V") and the general partner of SLTA V is SLTA V (GP), L.L.C. ("SLTA V GP").

6. These securities are directly held by Silver Lake Technology Investors IV, L.P. The general partner of Silver Lake Technology Investors IV, L.P. is SLTA IV and the general partner of SLTA IV is SLTA IV GP.

7. These securities are directly held by Silver Lake Technology Investors V, L.P. The general partner of Silver Lake Technology Investors V, L.P. is SLTA V and the general partner of SLTA V is SLTA V GP.

8. These shares of Class C Common Stock are held by SLTA SPV, including shares received in connection with pro rata distributions made by SPV-2 on July 9, 2024. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

9. These shares of Class C Common Stock are held by SLTA V, including shares received in connection with pro rata distributions made by SLP V on July 9, 2024 The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

10. These shares of Class C Common Stock are held by SLTA IV, including shares received in connection with pro rata distributions made by SLP IV on July 9, 2024. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

11. Reflects shares held by Silver Lake Group, L.L.C. ("SLG"). Shares held includes additional shares of Class C Common Stock received in connection with pro rata distributions made by SPV-2, SLP IV and SLP V on July 9, 2024. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

12. These shares of Common Stock are held by entities in which Mr. Egon Durban may be deemed to have an indirect pecuniary interest, including shares received in connection with the pro rata distributions made by SPV-2, SLP IV and SLP V and their respective affiliates on July 9, 2024. The receipt of such shares of Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

13. SLG is the managing member of SLTA SPV GP, SLTA IV GP and SLTA V GP. Egon Durban, who serves as a director of the Issuer, also serves as a Co-CEO and Managing Member of SLG. Each of the reporting persons may be deemed a director by deputization of the Issuer.

14. Represents shares of Class C Common Stock held by Mr. Egon Durban immediately following the receipt of shares in connection with the distributions of shares of Class C Common Stock on July 9, 2024. The receipt of such shares of Class C Common Stock was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

15. Represents shares of Class C Common Stock beneficially owned indirectly by Mr. Durban through a trust for the benefit of certain family members, including shares received in connection with the distributions of shares of Class C Common Stock on July 9, 2024. The receipt of such shares of Class C Common Stock indirectly by Mr. Durban was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Persons have filed a separate Form 4.

	By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C.	07/10/2024
	By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., general partner of Silver Lake Technology Associates V, L.P.	07/10/2024
	By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., general partner of Silver Lake Technology Associates V, L.P., general partner of Silver Lake Partners V DE (AIV), LP	07/10/2024
	By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C., managing member of SLTA V (GP), L.L.C., gen. partner of Silver Lake Technology Associates V, L.P., gen. partner of Silver Lake Technology Investors V, L.P.	07/10/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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Recent Analyst Ratings for

$DELL

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9/16/2025	$175.00	Outperform	Bernstein
8/29/2025		Overweight → Equal Weight	Fox Advisors
8/29/2025	$125.00 → $130.00	Hold	TD Cowen
6/26/2025		Sector Weight	KeyBanc Capital Markets
5/30/2025	$120.00 → $125.00	Hold	TD Cowen
2/28/2025	$128.00 → $120.00	Hold	TD Cowen
2/12/2025		Negative → Positive	OTR Global
9/27/2024	$144.00	Buy	Deutsche Bank

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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

Class C Common Stock

07/08/2024

M⁽¹⁾⁽²⁾

523,024

⁽¹⁾⁽²⁾

551,665

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class C Common Stock

07/08/2024

M⁽¹⁾⁽²⁾

536,910

⁽¹⁾⁽²⁾

543,184

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class C Common Stock

07/08/2024

M⁽¹⁾⁽²⁾

290,629

⁽¹⁾⁽²⁾

304,740

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class C Common Stock

07/08/2024

M⁽¹⁾⁽²⁾

7,900

⁽¹⁾⁽²⁾

7,900

Held through Silver Lake Technology Investors IV, L.P.(⁽⁶⁾⁽¹³⁾

Class C Common Stock

07/08/2024

M⁽¹⁾⁽²⁾

3,563

⁽¹⁾⁽²⁾

3,563

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

Class C Common Stock

07/08/2024

361,637

$144.68

190,028

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class C Common Stock

07/08/2024

414,286

$144.68

128,898

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class C Common Stock

07/08/2024

212,614

$144.68

92,126

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class C Common Stock

07/08/2024

7,900

$144.68

Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾

Class C Common Stock

07/08/2024

3,563

$144.68

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

Class C Common Stock

07/09/2024

J⁽¹⁾⁽²⁾

190,028

⁽¹⁾

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class C Common Stock

07/09/2024

J⁽¹⁾⁽²⁾

128,898

⁽¹⁾

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class C Common Stock

07/09/2024

J⁽¹⁾⁽²⁾

92,126

⁽¹⁾

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class C Common Stock

07/09/2024

M⁽¹⁾⁽²⁾

522,809

⁽¹⁾⁽²⁾

522,809

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class C Common Stock

07/09/2024

M⁽¹⁾⁽²⁾

536,690

⁽¹⁾⁽²⁾

536,690

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class C Common Stock

07/09/2024

M⁽¹⁾⁽²⁾

290,510

⁽¹⁾⁽²⁾

290,510

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class C Common Stock

07/09/2024

M⁽¹⁾⁽²⁾

7,897

⁽¹⁾⁽²⁾

7,897

Held through Silver Lake Technology Investors IV, L.P.(⁽⁶⁾⁽¹³⁾

Class C Common Stock

07/09/2024

M⁽¹⁾⁽²⁾

3,561

⁽¹⁾⁽²⁾

3,561

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

Class C Common Stock

07/09/2024

361,393

$146.66

161,416

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class C Common Stock

07/09/2024

414,736

$146.66

121,954

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class C Common Stock

07/09/2024

212,413

$146.66

78,097

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class C Common Stock

07/09/2024

7,897

$146.66

Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾

Class C Common Stock

07/09/2024

3,561

$146.66

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

Class C Common Stock

128,808

Held through SLTA SPV-2, L.P.⁽⁸⁾⁽¹³⁾

Class C Common Stock

76,204

Held through Silver Lake Technology Associates V, L.P.⁽⁹⁾⁽¹³⁾

Class C Common Stock

4,661

Held through Silver Lake Technology Associates IV, L.P.⁽¹⁰⁾⁽¹³⁾

Class C Common Stock

201,170

Held through Silver Lake Group, L.L.C.⁽¹¹⁾⁽¹³⁾

Class C Common Stock

1,329

See footnote⁽¹²⁾

Class C Common Stock

770,369

D⁽¹⁴⁾

Class C Common Stock

27,971

See footnote⁽¹⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock

⁽²⁾

07/08/2024

M⁽¹⁾⁽²⁾

523,024

⁽²⁾

Class C Common Stock

523,024

$0.00

26,005,211

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/08/2024

M⁽¹⁾⁽²⁾

536,910

⁽²⁾

Class C Common Stock

536,910

$0.00

26,695,655

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/08/2024

M⁽¹⁾⁽²⁾

290,629

⁽²⁾

Class C Common Stock

290,629

$0.00

14,450,323

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/08/2024

M⁽²⁾

7,900

⁽²⁾

Class C Common Stock

7,900

$0.00

392,782

Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/08/2024

M⁽²⁾

3,563

⁽²⁾

Class C Common Stock

3,563

$0.00

177,122

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/09/2024

M⁽¹⁾⁽²⁾

522,809

⁽²⁾

Class C Common Stock

522,809

$0.00

25,482,402

Held through SL SPV-2, L.P.⁽³⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/09/2024

M⁽¹⁾⁽²⁾

536,690

⁽²⁾

Class C Common Stock

536,690

$0.00

26,158,965

Held through Silver Lake Partners IV, L.P.⁽⁴⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/09/2024

M⁽¹⁾⁽²⁾

290,510

⁽²⁾

Class C Common Stock

290,510

$0.00

14,159,813

Held through Silver Lake Partners V DE (AIV), L.P.⁽⁵⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/09/2024

M⁽²⁾

7,897

⁽²⁾

Class C Common Stock

7,897

$0.00

384,885

Held through Silver Lake Technology Investors IV, L.P.⁽⁶⁾⁽¹³⁾

Class B Common Stock

⁽²⁾

07/09/2024

M⁽²⁾

3,561

⁽²⁾

Class C Common Stock

3,561

$0.00

173,561

Held through Silver Lake Technology Investors V, L.P.⁽⁷⁾⁽¹³⁾

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